Augment has advised Nordic Iron Ore in connection with securing a loan financing of 20.9 million. The financing is a combination of a convertible loan and a credit facility. Iron Ore prices is at 10-year highs and the demand for high-quality products has increased over the past years.
The financing enables the Company to begin design work prior to the start of construction at the main asset Blötberget. At the same time the Company can continue to evaluate various long-term project financing options.