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The fifth transfer on Euronext Oslo Børs this year
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Market capitalisation of approximately NOK 2.7 billion
Euronext Oslo Børs congratulates the Norwegian mining company Nordic Mining (ticker: NOM) on its transfer from Euronext Expand Oslo to Euronext Oslo Børs. The company was listed in 2007, and it is the fifth transfer this year between the Oslo markets.
Nordic Mining is a minerals company specialising in the development of industrial minerals and metals. The company is in the final stages of completing its facility at Engebø on the west coast of Norway. Production is expected to commence before the end of the year, focusing on the extraction of rutile and garnet.
At opening, the share price was NOK xx per share, based on the closing price on Euronext Expand Oslo on 25 November 2024. This corresponds to an estimated market capitalisation of
NOK 2.7 billion.
Ivar S. Fossum, Chief Executive Officer of Nordic Mining, said: “We are pleased to announce our uplisting from Euronext Expand Oslo to the main market, Euronext Oslo Børs. The transfer represents a significant milestone for our company and our progress at the Engebø deposit, highlighting both our operational achievements to date and our readiness to commence production. It also strengthens our foundation for further growth."
Caption: Ivar S. Fossum, CEO of Nordic Mining, rang the bell today to celebrate the company’s uplisting to the main market, Euronext Oslo Børs. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB)
