Bye Bye Barton

Nordic Mining has been informed that Barton is not in a position to enter into an offtake agreement for garnet from the Engebø project under the terms set out in the Heads of Agreement entered into between the parties in 2017.

Based on the information from Barton, the parties agree that it would not be prudent to pursue the Heads of Agreement further.

Nordic Mining will continue and strengthen its marketing efforts to secure garnet offtake based on a generally positive market outlook. The Engebø DFS documents low production costs, a competitive position and represent a long-term supply with logistical advantages to major markets.

CEO Ivar S. Fossum comments: ”We regret that our cooperation with Barton has come to an end. We will be moving forward, seeking to turn this into another positive for the company. At this stage we cannot exclude that the timeline for realizing the Engebø project may be impacted. We will assess time schedules and make necessary prioritizations to ensure product offtake and construction financing.”

For questions, please contact CEO Ivar S. Fossum, telephone (+47) 930 96 850.

Oslo, 26 February 2020
Nordic Mining ASA
04.03.2020 kl 21:51 590

nei ikke sikker, den er svak, vil ikke opp foreløpig, men ting kan forandre seg fort enten til positive eller negative
Redigert 04.03.2020 kl 21:52 Du må logge inn for å svare

Det var et godt gammelt orakelsvar, får håpe godkjenning kommer før viruset brer om seg.

Ja det må vel kroner inn, på en eller annen måte. Tiden går.