Nordic Mining ASA (LTS:0GYZ)

Q1 2026 Nordic Mining ASA Earnings Call Transcript

May 12, 2026 / 08:00 AM GMT

Release Date Price: kr9.53 (-16.99%)

Transcript

Key Points

Positve

Nordic Mining ASA (STU:7NM0) achieved increased uptime and throughput at the Engebeur site, addressing key operational challenges.
The company won an appeals case brought by NGOs, with a Supreme Court verdict expected before summer.
A strategic partnership with Barton for European distribution of Garnet was concluded, enhancing market positioning.
The high-purity quartz project is advancing, with potential for fast-tracking to market.
Rutile demand is expected to grow, driven by GDP growth and construction activity, with prices anticipated to be flat or slightly up from 2025.

Negative

The gradual ramp-up in mineral recovery has shifted the near-term revenue timeline, impacting financial projections.
Increased shipping costs have affected the garnet market, where logistics are a significant cost factor.
The company is facing liquidity challenges, necessitating cost management and potential financing options.
Recovery rates for rutile and garnet remain low, affecting revenue generation.
The cash flow for the quarter was negative, with increased operational costs due to higher throughput and external services.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOM.OL - Nordic Mining ASA
Q1 2026 Nordic Mining ASA Earnings Call
May 12, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Nordic Mining's presentation of our first quarter results for 2026.

With me here today, I have Thuyd Mehling, our Group CFO, as well as Andreas Stavitsen, our Chief Commercial Officer.

We've decided to let Andrew Tempelman focus on operations at Engebe, and our plan is to get back to a technical and operational update to the market in the latter half of June to address any outstanding technical issues.

In terms of first quarter highlights.

What we saw at Engebeur was increased uptime and throughput.

Key operational challenges were addressed during the first quarter, which gave significantly improved uptime and throughput. And this allows us now to focus the shift

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