Sweden's Nordic Iron Ore Q1 net loss narrows as project advances

About this update from Nordic Iron Ore Ab

OverviewSweden mining developer reported no Q1 sales as project remains in development phaseQ1 net loss narrowed yr/yr, investments remained steadyCompany completed extensive Blötberget drilling, expanded pre-feasibility study; results expected Q3 2026OutlookCompany expects to present expanded pre-feasibility study results during the third qtr of 2026Company's 2026 work is focused on delivering expanded pre-feasibility study for Blötberget projectCompany evaluating potential for apatite concentrate by-product to contribute positively to project profitabilityResult DriversDRILLING PROGRAMME - Co completed its most extensive drilling programme at Blötberget, yielding promising intersections and supporting increased mineral resource estimatesPRE-FEASIBILITY STUDY EXPANSION - Ongoing pre-feasibility study was expanded to include new drilling results, additional deposits, and evaluation of an apatite concentrate by-productCompany press release:Key DetailsMetricBeat/MissActualConsensus EstimateQ1 SalesSEK 0Q1 Adjusted EPS-SEK 0.06Q1 Net Income-SEK 4.30 mlnQ1 InvestmentsSEK 8.20 mlnFor questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

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