Nordic Mining Secures Funding for Engebø Project

Nordic Mining ASA (DE:7NM0) has released an update.

Nordic Mining ASA has successfully accessed another $30 million from its $100 million bond escrow account for the Engebø Project, with production anticipated to start in Q4 2024. This marks the third confirmation of the project’s full funding and on-time completion, with the company gearing up for production ramp-up. The Engebø Project is a part of Nordic Mining’s portfolio of high-standard international projects, focused on industrial minerals and metals in the Nordic region.

For further insights into DE:7NM0 stock, check out TipRanks’ Stock Analysis page.