Nordic Mining ASA is a resource company with focus on high-end industrial minerals and metals in Norway and internationally. The Company’s project portfolio is of high international standard and holds a 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. Permits for the project have been granted by the Norwegian government, and a prefeasibility study was completed in October 2017.
Nordic Mining’s associated company Keliber in Finland is in the process of completing its definitive feasibility study and preparing for production of lithium carbonate.
Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Norway. Further, the Company holds exploration rights at Reinfjord in northern Norway where a prospective area of sulphide mineralisation has been discovered. Nordic Mining is also exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess with ticker symbol “NOM”.
|Last Closing Price||2.33|
|Daily change %||-3.32|
|Number of Shares (mln)||131|
|Market Cap (mln)||305|
|Key figures (NOK thousands)||2015||2016||2017|
|Consolidated Income Statement|
Proft/(loss) before tax
|Loss for the period||-19232||-27091||-35573|
|Consolidated Balance Sheet|
Consolidated Cash Flow
|Net cash flows (used in) / from operating activities||-11856||-16796||-39029|
|Net cash flows from / (used in) investing activities||-4482||-26664||-11974|
|Net cash flows from financing activities||31787||79764||6438|
|Cash and cash equivalents at the end of the year||29809||66112||21547|
|Basic earnings per share||-0.36||-0.36||-0.37|
|Diluted earnings per share||-0.36||-0.36||-0.37|