Sweden's Nordic Iron Ore Q1 net loss narrows as project advances

Nordic Iron Ore AB

11/05/2026 07:10

Overview

Sweden mining developer reported no Q1 sales as project remains in development phase

Q1 net loss narrowed yr/yr, investments remained steady

Company completed extensive Blötberget drilling, expanded pre-feasibility study; results expected Q3 2026

Outlook

Company expects to present expanded pre-feasibility study results during the third qtr of 2026

Company's 2026 work is focused on delivering expanded pre-feasibility study for Blötberget project

Company evaluating potential for apatite concentrate by-product to contribute positively to project profitability

Result Drivers

DRILLING PROGRAMME - Co completed its most extensive drilling programme at Blötberget, yielding promising intersections and supporting increased mineral resource estimates

PRE-FEASIBILITY STUDY EXPANSION - Ongoing pre-feasibility study was expanded to include new drilling results, additional deposits, and evaluation of an apatite concentrate by-product

Company press release: ID:nMFN7y3cFc

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 0
Q1 Adjusted EPS
-SEK 0.06
Q1 Net Income
-SEK 4.30 mln
Q1 Investments
SEK 8.20 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)