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Nordic Mining Q2 operating loss widens to NOK 154.3 million
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Nordic Mining Q2 operating loss widens to NOK 154.3 million
  • Nordic Mining posted a Q2 operating loss of NOK 154.3 million, with operating expenses of NOK 122.1 million.
  • Cash ended the quarter at about NOK 150 million; operating cash flow was negative on limited output and no recognized revenue.
  • Engebø produced 1,262 tonnes of rutile and 10,127 tonnes of garnet; ramp-up lagged plans, prompting a more conservative production profile.
  • Liquidity headroom runs to Sept. 4, 2026; the group is seeking USD 10-15 million to fund operations through November.
  • CEO Finn Ivar Marum said talks with bondholders and shareholders are under way to reach a “balanced, sustainable solution.”


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic Mining ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260817:BIT:8689:0) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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