Market: Oslo
ISIN: NO0010317340
Industry: Diversified Metals & Mining

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”.

Currency NOK
Last Closing Price 2.98
Daily change % 3.83
Volume 332,976
Number of Shares (mln) 131
Market Cap (mln) 390
Key figures (NOK thousands) 2015 2016 2017
Consolidated Income Statement

Operating proft/(loss)

-12727 -22961 -36206

Proft/(loss) before tax

-19232 -27091 -35573
Loss for the period -19232 -27091 -35573
Consolidated Balance Sheet

Total assets

46913 103979 77133

Total equity

43160 96970 70158
Total liabilities 3753 7009 6975

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
Key indicators
Basic earnings per share -0.36 -0.36 -0.37
Diluted earnings per share -0.36 -0.36 -0.37