Nordic Mining has appointed new Chief Financial Officer to strengthen its financial operations going forward.

Nordic Mining has appointed Christian Gjerde as new Chief Financial Officer (CFO), effective from 1 August 2020.

Mr. Gjerde has broad managerial finance experience from NorgesGruppen ASA, Telenor ASA, and Yara International ASA where he heads the finance and investments function for Yara's mining division. He has extensive experience from international financial markets and project financing, as well as experience from financial management of large-scale mining projects and operations in Brazil, Ethiopia and Finland. Mr. Gjerde has a Master of Professional Accounting from Griffith University in Australia.

Senior advisor Lars K. Grøndahl will act as CFO until Gjerde takes office and will continue in the group management team with special focus on strategic financial planning.

CEO Ivar S. Fossum comments: "I am pleased to welcome Christian to our team. He has highly relevant experiences for the transitional work-flow to realize the substantial values of Engebø rutile and garnet project."

For further information please contact CEO Ivar S. Fossum, telephone +47 93096850.
Oslo, 17 March 2020
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 18.5% 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 Oslo Axess with ticker symbol "NOM".

https://news.cision.com/nordic-mining-asa/r/strengthening-of-group-management--new-chief-financial-officer,c3060946

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