Nordic Mining ASA’s Subsidiary Completes Successful Tap Issue

Nordic Mining ASA ( (DE:7NM0) ) has shared an announcement.

Nordic Mining ASA’s subsidiary, Engebø Rutile and Garnet AS, has successfully completed a USD 33 million tap issue for its 12.5% Senior Secured Bonds, increasing the total outstanding amount to USD 133 million. This financial move, facilitated by Clarksons Securities, strengthens the company’s capital structure and supports its operational and strategic initiatives.

More about Nordic Mining ASA

Nordic Mining ASA operates in the mining industry, focusing on the extraction and processing of minerals. Its primary products include rutile and garnet, with a market focus on supplying these minerals for various industrial applications.

YTD Price Performance: -24.76%

Average Trading Volume: 1,228

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €193.5M

Learn more about 7NM0 stock on TipRanks’ Stock Analysis page.