Brief: Nordic Mining Says First Cargo Of Rutile Is Delayed, Plans Tap Issue

Nordic Mining ASA

25/09/2025 16:03

Sept 25 (Reuters) - Nordic Mining ASA NOM.OL:

FIRST CARGO OF RUTILE IS DELAYED, AND TAP ISSUE OF EXISTING BOND

DRY PLANT HAVE LOWER THROUGHPUT, UPTIME DUE TO SOME OPERATIONAL,TECHNICAL DIFFICULTIES IN LATTER PART OF Q3

WILL CARRY OUT OPERATIONAL REVIEW

FIRST CARGO OF RUTILE IS EXPECTED TO BE AVAILABLE IN Q1 2026

STATED GOAL IS REACHING DESIGN CAPACITY IN LATE Q2 2026

PROPOSES TAP ISSUE OF USD 22.5 MILLION

SECURES SUPPORT FROM HOLDERS OF BONDS REPRESENTING >80% OF TOTAL OUTSTANDING PRINCIPAL AMOUNT OF BONDS

Source text: ID:nWkr1cqHY5

Further company coverage: NOM.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))