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Nordic Iron Ore

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Nordic Iron Ore enters an engineering agreement with VB Elnät

Nordic Iron Ore has entered an engineering agreement with VB Elnät to determine required measures in order to enable connection to the electric grid. In order to re-start mining activity in Blötberget, Nordic Iron Ore needs access to a maximum capacity of 20 MW. Nordic Iron Ore has previously signed a Letter of Intent with Hitachi Energy regarding installation and operations of a permanent 50/10 kV power station which will supply the mining area with electrical power.

During construction of the mine and the power station, access to temporary power supply will be necessary to make preparatory work such as construction of ramp, lighting, ventilation and drainage of water.

In order for Nordic Iron Ores facility to connect to the power grid, VB Elnät must evaluate required measures in its own electric grid and prepare documentation for applications for necessary permits, partly for the temporary usage of electrical power and partly for the permanent connection of the 50/10 kV power station.

The indicative time plan for this planning is that Nordic Iron Ore will be able to use 1 MW during the autumn 2023 and gradually increase its usage to a maximum capacity of 20 MW during 2024-2025.

Fore more information, please contact:
Ronne Hamerslag
Chief Executive Officer
Telephone: +46 (0)240 88 301
E-mail: ronne.hamerslag@nordicironore.se

About Nordic Iron Ore
Nordic Iron Ore Group is a mining company with the ambition to revive and develop the iron ore production of Ludvika Mines in Blötberget and Håksberg. The company also intends to expand its mineral resources, and upgrade them to ore reserves, primarily through exploration and other studies of the connecting Väsman field. The Company has all the necessary permits in place for the mine in Blötberget and will be able to produce iron ore of extremely high quality.

For more information, see www.nordicironore.se.

Nordic Iron Ore’s shares and warrants are listed at Nasdaq First North Growth Market. Wildeco is the company’s Certified Adviser (info@wildeco.se tel +46-8-545 271 00).

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Nordic Iron Ore enters an engineering agreement with VB Elnät

Datum 2023-02-03, kl 11:15
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Nordic Iron Ore enters an engineering agreement with VB Elnät
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