Nordic Mining ASA Announces USD 33 Million Tap Issue to Boost Liquidity

Nordic Mining ASA ( (DE:7NM0) ) just unveiled an update.

Nordic Mining ASA’s subsidiary, Engebø Rutile and Garnet AS, has announced a proposed tap issue of USD 33 million to strengthen liquidity and support the production ramp-up of its operations. This decision follows investor interest and support from bondholders, with approximately 82% of the total outstanding principal amount backing the proposal, highlighting confidence in the company’s strategic direction and operational plans.

More about Nordic Mining ASA

Nordic Mining ASA is a resource company focused on high-end industrial minerals and metals, with a project portfolio of high international standard and significant economic potential. The company’s assets are located in the Nordic region, and it is undertaking a large-scale construction project at Engebø on the west coast of Norway, where it has rights to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds interests in other initiatives, including patented technology for alumina production and high purity quartz exploration. The company is listed on Euronext Oslo Børs under the ticker symbol ‘NOM’.

YTD Price Performance: -16.62%

Average Trading Volume: 1,397

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €214M

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