Oslo, Norway - April 8, 2026. Nordic Mining ASA ("Nordic Mining" or the
"Company") is advancing the Nordic Quartz project at Kvinnherad into its next
development phase. Key milestones have now been achieved, including
establishment of a dedicated project team and enhancement of the landowner
agreement, ensuring long-term stability. The Company is preparing to initiate
necessary regulatory processes, engage with potential customers and partners for
product validation, and plan a qualified drilling programme to update the
mineral resource estimate in accordance with international reporting standards.
Together, these developments strengthen the project's foundation and support the
Company's plans for further progression.
The Kvinnherad quartz deposit, held through the wholly owned subsidiary Nordic
Quartz AS, has long been a promising asset in Nordic Mining's portfolio. Recent
pilot testing has demonstrated that the deposit can be processed to
exceptionally high-purity levels, reinforcing its potential as a future source
of a high-value industrial mineral.
· Developing a greenfield mineral project is never straightforward. The
experience we have gained through bringing Engebø from concept to operation
gives us a solid foundation for the next steps at Nordic Quartz. We are applying
that hard-earned project development expertise as we assemble the team to
advance the Kvinnherad deposit further. The pilot results demonstrate that the
material can be processed to purity levels achieved only by a very limited
number of quartz deposits globally, making it highly attractive for
semiconductor manufacturers and other high-value industrial applications, says
Finn Ivar Marum, CEO of Nordic Mining.
Nordic Mining is currently initiating dialogue with several potential partners
and customers to validate product quality and suitability for industrial
applications, such as crucibles, silicon metal and specialized glassware for the
semiconductor and solar PV manufacturing value chains. Nordic Mining sees this
phase as an important step toward de-risking the project and welcomes interest
from parties seeking long-term, high-quality quartz supply or collaboration
opportunities in high-value end markets.
Successful pilot tests yielding semiconductor grade materials
In collaboration with Dorfner Anzaplan GmbH, Nordic Mining has carried out
metallurgic testing and pilot-scale production to support the upcoming product
qualification with potential customers. In total, 800 kilograms of processed
sample material has been produced from raw quartz feedstock from the Kvinnherad
deposit. The material underwent a full industrial processing route, including
magnetic separation, acid treatment, and hot chlorination, to replicate the
conditions of a finished product.
The tests generated high-purity quartz (HPQ) with very low impurity levels,
demonstrating that the Kvinnherad quartz deposit is among the most suitable
quartz resources globally to produce high-end HPQ.
HPQ is a critical raw material used in semiconductors, fiber optics, and
solar-grade applications, where high chemical purity and thermal stability are
essential. Demand for HPQ continues to rise, driven amongst others by rapid
growth in semiconductor manufacturing linked to AI development and data-center
expansion. As a key input in chip production, HPQ plays an increasingly
strategic role in global technology supply chains.
Enhanced landowner agreement
The Company has also strengthened its landowner agreement at Kvinnherad,
enhancing prospects for long-term planning and stability for the operations, and
securing land access and use rights throughout the life of mine. Nordic Mining
has the flexibility to advance the project in line with its overall project
strategy.
Limited cost in 2026
While no material investments have been made to date, the progression and pace
of further development will be aligned with the Company's overall funding
situation and capital allocation plans. Nordic Mining expects less than NOK 20
million in costs for the project during 2026.
Although the Kvinnherad Quartz project represents a highly attractive
opportunity, Nordic Mining's primary focus remains the continued ramp-up of the
Engebø Rutile and Garnet operation toward design capacity by year-end 2026.
Progress at Engebø is well underway and remains the Company's top operational
priority. The Kvinnherad Quartz project will advance in parallel without drawing
resources from Engebø, while at the same time offering additional value-creation
potential for the Company.
A video update is also available through the following link:
https://nordicmining.com/nordic-mining-advances-nordic-quartz-project-in
-kvinnherad
For more information, please contact:
Finn Ivar Marum, CEO
finn.ivar.marum@nordicmining.com
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.