Nordic Mining secures $3M bridge financing as bondholders approve crisis package

Bondholders of Engebø Rutile and Garnet approved a financing solution providing Nordic Mining with $3M (NOK 32M) in immediate liquidity, with an option for an additional $3M. The funds will cover urgent obligations and sustain operations, averting an immediate insolvency risk. The approval follows a formal agreement announced Wednesday and bondholder sign-off Thursday, indicating a short-term stabilization but leaving long-term viability uncertain.

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