NORDIC MINING ASA: Key information relating to subsequent offering to be carried out by Nordic Mining ASA

03 Mar 2023 00:05 CET

NORDIC MINING ASA: Key information relating to subsequent offering to be carried
out by Nordic Mining ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to Nordic Mining ASA's ("Nordic Mining" or the "Company")
stock exchange notice released yesterday, regarding the contemplated private
placement of 1,566,666,667 new shares in the Company (the "Private Placement")
and a subsequent offering of up to 216,666,667  new shares (the "Subsequent
Offering").

Date on which the terms and conditions of the Subsequent Offering were
announced: 3 March 2023

Last day including right: 2 March 2023

Ex-date: 3 March 2023

Record date: 6 March 2023

Resolution date: 30 March 2022

Maximum number of new shares: 216,666,667 new shares

Subscription price: NOK 0.60 per share

Other information: The Subsequent Offering is conditioned on (i) the prevailing
market price of the Company's shares,(ii) the Subsequent Offering being approved
by the General Meeting and (iii) approval of the prospectus for the Subsequent
Offering.

This information is published in accordance with the requirements of the
Continuing Obligations.

For further information, please contact CFO Christian Gjerde, telephone +47 980
60 909.

Oslo, 3 March 2023
Nordic Mining AS

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".

More information:
Access the news on Oslo Bors NewsWeb site

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