Nordic Mining ASA - Production update Q1 2026

13 Apr 2026 08:00 CEST

Nordic Mining is publishing the production update for the first quarter of 2026.

The quarter was characterised by a series of operational improvements and plant
adjustments, with results building progressively through the period. A 13%
increase in operational uptime enabled targeted work across both the wet and dry
processing plant, with results being evident by quarter-end. March alone
recorded 91% of design capacity throughput, with 113,137 tonnes of ore
processed, representing 47% of the total quarterly volume.

During the quarter, Nordic Mining also strengthened the operational management
and support at Engebø. Andrew Templeman took over as the new Managing Director
at the end of January, bringing renewed operational focus. Additional resources
from Hatch and Doral was onsite in February, followed by operational support
from Systemex arriving towards the end of March.

While the total production for the quarter was flat compared to the fourth
quarter of 2025, the improving trajectory through the period, and particularly
in March, provides a solid basis for further improvements and increased volumes
going forward. The main operational improvements are expected to take place in
Q2, yielding full effects during the second half of 2026.

Q1 2026 Production (Q4 2025 in brackets):

* Rutile: 230 mt (150)
* Garnet 5,587 mt (4,950)

* Ore mined: 236,036 mt (239,000)
* Waste rock: 230,206 mt (241,000)

* Ore milled: 238,277 mt (199,000)
* Operational time milling: 60% (53%)

Nordic Mining ASA is presenting the first quarter results on 12 May 2026 at
10:00 CET.

About Nordic Mining

Nordic Mining ASA ("Nordic Mining" or the "Company"), listed on Euronext Oslo
Børs, is a resource company focused on critical minerals. The Company is
currently in the ramp-up phase at Engebø on the west coast of Norway, the first
greenfield mine established in Norway in 40 years, targeting steady-state
production by year-end 2026. Through its wholly owned subsidiary Engebø Rutile
and Garnet AS ("ERG"), Nordic Mining holds the mining rights and required
permits for a significant mineral deposit estimated to support a 39-year life of
mine, positioning the Company as one of very few natural rutile producers
globally and the only garnet producer in Europe. In addition, the Group holds a
landowner agreement for a high-purity quartz deposit in the Kvinnherad
Municipality in Norway, where test results confirm world-class quality. Nordic
Mining is now progressing the project toward regulatory approval. With
significant growth opportunities beyond current operations at Engebø, Nordic
Mining's portfolio is of high international standards and provides a solid long
-term value basis for its shareholders.

For more information, please visit www.nordicmining.com

More information:
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670431_2026Q1_Production_Update.pdf