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Court ruling appealed to Supreme Court

30 November 2022 - 16:02

Reference is made to the stock exchange notice from Nordic Mining ASA (“Nordic Mining” or the “Company”) on 24 October 2022 relating to the ruling from Borgarting Court of Appeal in the case between its subsidiary, Nordic Rutile (“NRU”), and Artic Mineral Resources (“AMR”).

AMR has appealed the ruling that confirms that NRU – within the limits of the Norwegian Mining Act – has the rights to all minerals in the Engebø deposit. The ruling is in line with the operating licence granted by the Ministry of Trade, Industry and Fisheries in May 2022. Both the Oslo District Court and Borgarting Court of Appeal ruled in favour of NRU, and concluded that AMR shall pay NRU's legal expenses. NRU maintain that AMR's claims have no merit and will continue to defend the case rigorously

We are confident that the legal outcome will be in our favour, should the Supreme Court allow the case to be heard”, says CEO Ivar S. Fossum.

For further information, please contact CEO Ivar S. Fossum, telephone +47 930 96 850.

Oslo, 30 November 2022
Nordic Mining ASA

Nordic Mining ASA (www.nordicmining.com)

Nordic Mining ASA (“Nordic Mining” or the “Company”) is a resource company with focus on high-end industrial minerals and metals. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.

Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol “NOM”.

Provided by: Cision
Euronext Expand Oslo (Norway)
Nordic Mining ASA
Nordic Mining is a mining company focusing on exploration and production of high-end industrial minerals and metals. The Company exploits strategic mineral resources, dedicated exploration activities and front-end technology to become a recognised supplier of feedstock for special applications....
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