Brief: Nordic Iron Ore Announces Progress Regarding Long-Term Offtake Agreement

Nordic Iron Ore AB

13/06/2022 07:26

June 13 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * ANNOUNCES PROGRESS MADE WITH RESPECT TO 11 FEBRUARY MOU
WITH
CARGILL TO NEGOTIATE LONG-TERM OFFTAKE AGREEMENT
    * SETS OUT POSSIBLE TERMS FOR CARGILL TO PROVIDE 50 MILLION
SEK
INVESTMENT INTO CO AS PART OF WIDER CAPITAL RAISE OF AT LEAST
100 MILLION SEK
    * PARTIES ARE NOW IN A PERIOD OF FINAL CONTRACT NEGOTIATION
FOR
BOTH OFF-TAKE, INVESTMENT AND WIDER STRATEGIC PARTNERSHIP

Further company coverage:  NIO.ST 

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