Ramp-up and operational update at Engebø Rutile and Garnet - On track, with improvements expected during Q2

13 Mar 2026 08:30 CET

Oslo, Norway - March 13, 2026. Nordic Mining ASA ("Nordic Mining" or the
"Company") today provides an operational and ramp-up update from Engebø Rutile
and Garnet ("ERG"), including progress made since the launch of the improvement
plan in January and the key priorities for reaching steady-state production.

The update, available in video format, features CEO Finn Ivar Marum and ERG
Managing Director Andrew Templeman and is available on the Company's website:
https://nordicmining.com/operational-upda.ramp-up
-progress/ (https://nordicmining.com/operational-update-from-engebo-ramp-up
-progress/)

Nordic Mining continues to advance through the ramp-up phase. Since January,
several technical and operational initiatives have been implemented, with early
effects now becoming visible, particularly in the wet plant. In February, an
independent third-party validation confirmed that the processing plant can
operate at full design capacity.

· Over the past weeks and months, our work has focused on executing the
ramp-up in a systematic and controlled manner. We still have challenges to
resolve, but the direction is clear, and improvements are progressing step by
step. Our priority now is stabilizing performance to enable optimization for
ramp-up and steady state production at design capacity by year-end, says Finn
Ivar Marum, CEO of Nordic Mining.

Highlights

· Structured ramp-up plan progressing, with clear priorities for both wet and
dry plant
· Steady-state production at design capacity by year-end remains the target
· Technical adjustments underway across circuits, combined with strengthened
operational routines and training
· Team of technical and operational experts onsite to support the execution of
the ramp up plan
· Process and logistics setup continues to support efficient operations as
stabilization improves

Overall, the plan initiated in January is beginning to deliver results, with the
main operational gains expected through Q2 as remaining bottlenecks are
addressed.

Key operational focus areas

· Wet plant improvements: Adjustments to water management and process control
have improved water quality, supporting lower number of downtime events and
higher throughput. Additional effects are expected during Q2
· Rutile circuit: Optimization depends on stable dry-plant performance. This
remains a key focus area, supported by external rutile-processing expertise now
being brought in
· WHIMS circuits: Magnetic separators are being tuned and adjusted for
increased capacity and more stable output

The Company will publish a production update on April 13 and present its Q1
results on May 12.

About Nordic Mining
Nordic Mining ASA ("Nordic Mining" or the "Company"), listed on Euronext Oslo
Børs, is a resource company with focus on critical minerals. The Company is
undertaking a large-scale industrial development at Engebø on the west coast of
Norway through its wholly owned subsidiary, Engebø Rutile and Garnet AS, which
has mining rights and permits to a substantial eclogite deposit with rutile and
garnet. In addition, the Group holds a landowner agreement for exploration and
development of a high purity quartz deposit in the Kvinnherad Municipality in
Norway and is currently conducting a test work program where bulk samples from
the deposit will be used for pilot scale processing of high purity quartz
product through a full cycle process. Nordic Mining's project portfolio is of
high international standards and holds significant economic potential. The
assets, and in particular the wholly owned Engebø Project, provide a solid value
basis for Nordic Mining's shareholders.

For more information, please visit www.nordicmining.com.

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