Brief: Nordic Mining Enters Into 5-Year Rutile Offtake Agreement With Iwatani Corporation

Nordic Mining ASA

02/06/2022 07:16

June 2 (Reuters) - Nordic Mining ASA  NOM.OL :
    * NORDIC MINING ASA: BINDING OFFTAKE AGREEMENT AND USD 20
MILLION
INVESTMENT AGREEMENT WITH IWATANI CORPORATION
    * COMPANY, THROUGH ITS WHOLLY OWNED SUBSIDIARY NORDIC RUTILE
AS,
TODAY HAS ENTERED INTO A 5-YEAR RUTILE OFFTAKE AGREEMENT WITH
IWATANI CORPORATION
    * BINDING AGREEMENTS EXECUTED WITH IWATANI FOR: LONG-TERM
OFFTAKE
OF 20,000 TONNES PER ANNUM OF NATURAL RUTILE FROM ENGEBØ PROJECT
OVER 5 YEARS
    * BINDING AGREEMENTS EXECUTED WITH IWATANI FOR: NOK 191.7
MILLION
EQUITY INVESTMENT AT SAME SUBSCRIPTION PRICE AS FOR CONTEMPLATED
BROADER EQUITY RAISE

Source text for Eikon:  ID:nWkr6Vl3Km 
Further company coverage:  NOM.OL 

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