NOM Nordic Mining ASA

0.9880NOK+1.23%Mkt Cap: 11.55M $P/E: —

Nordic Mining ASA, together with its subsidiaries, engages in the exploration, extraction, and production of minerals and metals in Norway. The company explores for rutile, almandine garnet, hydrothermal quartz vein, and…

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Nordic Mining extends losses after Q2 reveals liquidity issues, slow ramp-up

Investing.com -- Nordic Mining ASA (Oslo:NOM) fell more than 4% on Wednesday, extending Tuesday’s 6.3% drop that followed the company’s second-quarter results, which highlighted a liquidity shortfall and a slower-than-expected production ramp-up at its Engebø Rutile and Garnet facility.

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Nordic Mining ASA (HAM:7NM0) (Q2 2026) Earnings Call Highlights: Liquidity Crunch and Ramp-Up ...

Throughput at Engeb reached 77% of design capacity in Q2, despite a week-long maintenance stop, showing operational progress. New operational management has significantly improved plant uptime, with parts of the facility now running near design capacity. The Supreme Court's permit ruling allows for government amendment, and the company has applied for a temporary permit, with positive government support and dialogue, reducing regulatory uncertainty.

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