Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that
it has appointed Clarkson Platou Securities AS and SpareBank 1 Markets AS (the
"Financial Advisers") to advice on the project financing for the Engebø Rutile
and Garnet Project. The Financial Advisers will work closely with Nordic Mining
to explore the various financing structures that are available for the Company
with the aim of conducting and executing financing for the project by year-end
2021. Subject to financing, construction of the Engebø project will commence.

"We have made important progress on the Engebø project in recent months. The
Updated Defined Feasibility Study represented a significant de-risking of the
project, both in terms of market and execution, and at the same time
maintaining robust project economics. Furthermore, as announced earlier this
week we have entered into LOIs for Engineering, Procurement and Construction
building on the partnerships that we have developed in this process. This
provides a solid platform to progress forward on project financing in
combination with offtake contracts under negosiations, which will be the final
milestone before commencing construction", says CEO Ivar S. Fossum.

Further updates will be provided in due course.

For questions, please contact CFO Christian Gjerde, telephone +47 98060909.

Oslo, 9 June 2021
Nordic Mining ASA



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. Nordic Mining also holds 14.3% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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".

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