Nordic Mining ASAOSL: NOM

Nordic Mining: bondholders summoned to approve USD 30 million tap issue in ERG

· Issued by Nordic Mining ASA

Summary by 6ix AI

On September 10, 2026, Nordic Trustee AS issued a summons for a written bondholder resolution proposing a USD 30.000.000 tap issue (additional bonds under an existing bond loan) on the Senior Secured Bonds issued by Engebø Rutile and Garnet AS (ERG), at a 75 % discount, for cash proceeds of USD 7.500.000.

Key details

  • The proposal also includes a minority tranche of up to USD 5,359,408, with cash proceeds of USD 1.339.852. If subscribed in full, these would bring the maximum issue amount to USD 193,959,408.
  • Bondholders representing more than two-thirds of the voting bonds have confirmed they will vote in favour of the proposal.
  • The proceeds are intended to provide a liquidity runway to mid-October 2026.
  • The proposal also extends the temporary covenant waivers (relief from certain loan terms) and further defers the August coupon (interest payment), both to October 15, 2026.

What’s still pending

  • The tap issue is a proposal that still requires approval by written resolution of the bondholders.
  • Implementation remains subject to customary conditions precedent.
  • The maximum issue amount of USD 193,959,408 applies only if the issues are subscribed in full.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/nordic-mining-bondholders-summoned-to-approve-usd-30-million-tap-issue-in-erg

Oslo, September 10, 2026. Reference is made to the stock exchange notice of 7 September 2026 regarding Nordic Mining ASA's (the "Company") production ramp-up, liquidity and regulatory status, and today's announcement from Engebø Rutile and Garnet AS ("ERG") as issuer of the Senior Secured Bonds (ISIN: NO0012734112).

Nordic Trustee AS has today issued a summons for a written resolution formally proposing a USD 30.000.000 tap issue on the Senior Secured Bonds at a 75 % discount (cash proceeds of USD 7.500.000), together with a minority tranche of up to USD 5,359,408 (cash proceeds of USD 1.339.852). If subscribed in full, these would bring the maximum issue amount to USD 193,959,408. Bondholders representing more than two-thirds (2/3) of the voting bonds have confirmed that they will vote in favour of the proposal.

The proceeds are intended to provide a liquidity runway to mid-October 2026. The proposal also includes an extension of the temporary covenant waivers and a further deferral of the August coupon, both to 15 October 2026.

Implementation remains subject to customary conditions precedent.

Contact:

Finn Ivar Marum, CEO, Nordic Mining, finn.ivar.marum@nordicmining.com

Tord Meling, CFO, Nordic Mining, tord.meling@nordicmining.com

This information is considered to include inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Tord Meling, on 10 September 2026, at 17:30 (CEST).

http://publish.ne.cision.com//Release/ViewReleaseHtml/B112A9BDA0130F37E0C856B0705FC7D6

https://mb.cision.com/Public/1583/4394617/ae986a5173e12f36.pdf

(c) 2026 Cision. All rights reserved., source Press Releases - English

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