Nordic Iron Ore raises loan to finalise ongoing optimisation study

17 juli 2020

Nordic Iron Ore has decided to raise a loan of SEK 5.0 million, which adds additional working capital to the company. With the capital increase, the company gets the sufficient resources to finalise an optimisation study for the Blötberget project that Whittle Consulting, a strategic planning for mining specialist consultancy based in Australia, is conducting. The study will be reported later in the current quarter.

Augment has acted as financial advisor in the transaction.

Read full press release (in Swedish)