Summons to Extraordinary General Meeting - Subsequent Offering

03 Mar 2023 20:09 CET

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 release on 3 March 2023 regarding the successful private
placement ("Private Placement").

The Board has today resolved to propose a subsequent offering of up to
216,666,667 new shares which, if applicable and subject to applicable securities
laws, will be directed towards existing shareholders in the Company as of the
end of trading 2 March 2023 (as registered in the VPS 6 March 2023), who (i) did
not participate in the market sounding of the Private Placement, (ii) are not
allocated new shares in the Private Placement and (iii) are not resident in a
jurisdiction where such offering would be unlawful, or would (in jurisdictions
other than Norway) require any prospectus filing, registration or similar action
(the "Subsequent Offering"). The subscription price in the Subsequent Offering
will be equal to the subscription price in the Private Placement. The Subsequent
Offering will be subject to (i) a resolution by the extraordinary general
meeting of the Company to be held on 30 March 2023, (ii) the prevailing market
price of the Company's shares and (iii) approval and publication of a
prospectus. The subscription period in the Subsequent Offering is expected to
commence following approval of the Subsequent Offering by the extraordinary
general meeting.

Please find enclosed summons to the general meeting with agenda the Subsequent
Offering.

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

Oslo, 3 March 2023
Nordic Mining ASA

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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

584279_Summons_EGM_Nordic_Mining_2023.pdf
584279_Innkalling_EGF_Nordic_Mining_2023.pdf
584279_Release.pdf