Nordic Mining ASA: Update on financial situation
2026-10-15 18:40:04
Oslo, 15 October 2026
Reference is made to the previous stock exchange announcements regarding Nordic
Mining ASA (the "Company") and Engebø Rutile and Garnet AS' ("ERG") financial
situation, including the announcement on 10 September 2026 regarding the summons
for a bondholder meeting, the announcement on 22 September 2026 regarding the
need for a comprehensive financial restructuring, and the announcement by the
Company on 13 October 2026 regarding the minutes from the extraordinary general
meeting passing resolutions that could facilitate solutions for the Company's
liquidity needs.
With reference to the announcement on 10 September 2026, ERG, as issuer under
its 12.5% Senior Secured Bonds (ISIN: NO0012734112), obtained an extension to
today, 15 October 2026, of (i) the temporary suspension of the minimum liquidity
covenant, (ii) the waiver expiry date applicable to the minimum book equity
ratio covenant, and (iii) the deferral of the cash interest payment under the
bond terms. Although the Company and ERG have not obtained new waivers or
extensions, the Company and ERG continue to negotiate with their creditors in
good faith with a view to resolving their financial situation.
Further information regarding the Company's and ERG's financial situation will
be provided when available.
For further information, please contact:
Tord Meling, CFO
Tel: +47 99 09 87 66
tord.meling@nordicmining.com
or visit: https://nordicmining.com/
This information is considered to include inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Tord Meling, on 15 October 2026, at 18:40 (CEST).
y Tord Meling\, on 15 October 2026\, at 18:40 (CEST).\