Nordic Mining

What Nordic Mining does

Nordic Mining ASA is a Norwegian critical-minerals company developing and operating rutile, garnet, and high-purity quartz assets in Western Norway. Its flagship is the Engebø Rutile and Garnet project in Sunnfjord (Vestland), an eclogite deposit producing high-grade natural rutile (TiO2 feedstock for pigments, titanium metal, aerospace, defense, and medical applications) and almandine garnet (industrial abrasive for waterjet cutting, sandblasting, and surface preparation). Two adjacent projects — Nordic Quartz in Kvinnherad (hydrothermal quartz deposit classified by the Geological Survey of Norway as of national interest, with pilot-grade high-purity quartz suitable for semiconductor and solar PV manufacturing) and Nordic Titanium (evaluation of Ti sponge production from Engebø rutile) — extend the asset base up the value chain.

The Engebø processing plant uses conventional mineral processing — crushing, grinding, wet and dry plant circuits, and WHIMS magnetic separation — powered entirely by local hydroelectric power, which the company cites as the lowest climate-gas-emission titanium feedstock operation globally. Nordic Quartz pilot work was performed in collaboration with Dorfner Anzaplan GmbH. Material movements benefit from on-site deep-water quay access supporting direct export logistics.

Commercial go-to-market is exclusively enterprise B2B via long-term take-or-pay offtake agreements. Named off-takers include Iwatani Corporation (Japan) for rutile, BARTON Group (US) for garnet, a large unnamed European buyer for rutile, and an unnamed large US buyer for rutile. Pricing is negotiated and undisclosed. Nordic Mining also generates royalty income via a USD 50 million non-dilutive royalty instrument held by Orion Resource Partners against the Engebø project. The company listed on the Oslo Stock Exchange in 2007, transferred to the main board (Euronext Oslo Børs, ticker NOM) in November 2024, and is currently in operational ramp-up with first commercial shipment completed in May 2025. Ownership is dispersed public; operating geography spans Norway, with off-take relationships and shipping reach into Japan, Europe, and the United States.

Name

Nordic Mining

Legal name

Nordic Mining ASA

Website

https://nordicmining.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordic Mining ASA is a Norwegian critical-minerals producer operating the Engebø Rutile and Garnet project and developing the Kvinnherad High Purity Quartz deposit. It sells high-grade rutile and garnet to global industrial off-takers under long-term take-or-pay agreements.

Ownership category

akta.pro rank

Product category

Industrial Minerals Mining

NAICS

Nonmetallic Mineral Mining and Quarrying (2123), Other Nonmetallic Mineral Mining and Quarrying (212390)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Silica & Quartz Mining (Industrial Silica Sand, High-Purity Quartz) (IMAKAGAK)

Keywords

• Titanium feedstock production
• Industrial mineral mining
• Rutile concentrate supply
• Almandine garnet extraction
• High purity quartz

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Rutile Sales: Nordic Mining generates revenue from the sale of high-grade rutile concentrate, a premium titanium mineral with high TiO2 content used in pigment production, aerospace, defense, medical sectors, and titanium metal manufacturing. The company has secured two offtake agreements for rutile — one with Japanese trading house Iwatani Corporation and another with a large European customer — on take-or-pay terms, providing revenue visibility.
2. Garnet Sales: Revenue is generated from the sale of almandine garnet, a high-performance industrial mineral used in waterjet cutting, sandblasting, and surface preparation. Nordic Mining has a take-or-pay offtake agreement with the BARTON Group for garnet sales, ensuring long-term contracted revenue.
3. Royalty Instrument (Orion Resource Partners): Nordic Mining received a USD 50 million non-dilutive royalty instrument from Orion Resource Partners as part of a USD 55 million investment in the Engebø Rutile and Garnet Project. This represents a form of financing that may involve royalty payments tied to future production or revenues.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Nordic Mining extracts and produces high-grade rutile concentrate and almandine garnet from the Engebø eclogite deposit in Sunnfjord, Norway, and is developing a high-purity quartz (HPQ) project at Kvinnherad for semiconductor and solar PV applications. Products are sold through long-term take-or-pay offtake agreements to major industrial customers, with operations powered entirely by local hydroelectric energy.

Product overview

Nordic Mining is a Norwegian mining company with a portfolio of three mineral projects: Engebø Rutile and Garnet (in ramp-up phase, producing high-grade rutile for titanium metal and pigments, and almandine garnet for industrial abrasives), Nordic Titanium (evaluating future production of titanium metal sponge from Engebø rutile for aerospace and medical sectors), and Nordic Quartz (advancing a hydrothermal quartz deposit for High Purity Quartz targeting semiconductor and solar PV industries). The company operates from exploration through production across these strategic mineral value chains.

Differentiator

Problem solved

Functional benefit

Brands

• Engebø Rutile and Garnet: Production of high-grade rutile and almandine garnet from the Engebø deposit in Sunnfjord, Norway.
• Nordic Quartz
• Nordic Titanium

Products and services

• Engebø Rutile and Garnet High-grade rutile concentrate (premium titanium feedstock) and almandine garnet (industrial abrasive) produced from the eclogite deposit in Sunnfjord, Norway, sold to pigment, titanium metal, aerospace, defense, medical, waterjet cutting, and surface preparation industry customers through take-or-pay offtake agreements.
• Nordic Quartz (High Purity Quartz) High-purity quartz (HPQ) from the hydrothermal quartz deposit in Kvinnherad municipality, Norway, targeting semiconductor wafer processing, solar photovoltaic cell production, fiber optics, and advanced glassware applications. Currently in exploration/development phase with pilot results demonstrating semiconductor-grade purity.
• Nordic Titanium Future titanium metal (Ti sponge) production from Engebø rutile output, targeting aerospace, defense, energy, and medical sector applications. Currently under evaluation as a wholly-owned subsidiary.

Quantifiable outcome

• Lowest climate gas emissions among all titanium feedstock producers globally
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, significant and minor.

• Iwatani CorporationcoreChannel Partner/ Reseller/ DistributorNordic Mining has a long-term take-or-pay offtake agreement with Iwatani Corporation, a major Japanese trading house, for rutile concentrate from the Engebø project. This is a core commercial sales partnership securing revenue for the company.
• BARTON GroupcoreChannel Partner/ Reseller/ DistributorNordic Mining has a long-term take-or-pay offtake agreement with BARTON Group for almandine garnet from the Engebø project. BARTON Group is a US-based industrial abrasives company, representing a key commercial sales partnership.
• Large European Customer (unnamed)coreChannel Partner/ Reseller/ DistributorNordic Mining has a long-term offtake agreement for rutile concentrate with a large European customer, in addition to its agreement with Iwatani Corporation. This provides diversified revenue streams across geographies.
• Unnamed US CompanycoreChannel Partner/ Reseller/ DistributorNordic Mining has a long-term take-or-pay offtake agreement for rutile concentrate with an unnamed large US company, providing additional commercial revenue certainty.
• Dorfner Anzaplan GmbHsignificantTechnology or IntegrationNordic Quartz collaborated with Dorfner Anzaplan GmbH to successfully complete pilot testing on the Kvinnherad quartz deposit, producing 800 kg of high-purity quartz material with impurity levels suitable for semiconductor and solar PV manufacturing applications. Dorfner Anzaplan provided technical expertise for processing and purity analysis.
• Hub for Minerals (with Sunnfjord Utvikling, Askvoll municipality, Sunnfjord municipality, Vestland county municipality)significantStrategic or Co-development PartnerHub for Minerals is a three-year innovation cluster initiative focused on circular economy solutions, resource optimisation and development of new mineral-based value chains in Western Norway. Nordic Mining's Engebø operation is a key founding partner, alongside Sunnfjord Utvikling, Askvoll municipality, Sunnfjord municipality, and Vestland County Municipality. Vestland County Municipality has committed up to NOK 5 million to support the initiative. The cluster aims to improve utilisation of mineral resources, stimulate innovation, support circular economy, and strengthen education and competence development.
• Systemex (third-party specialist)minorImplementation/ SI/ Consulting PartnerThird-party specialist Systemex assessed the Engebø operation as viable with sufficient installed capacity, providing independent technical validation that the plant can operate at full design capacity.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Iluka Resources: Iluka is one of the world's largest producers of natural rutile and zircon from mineral sands, with a direct product overlap with Nordic Mining's Engebø rutile output and a similar end-customer base across TiO2 pigment and titanium metal markets.
• Sibelco: Sibelco is one of the few global producers of high-purity quartz for semiconductor crucibles and solar applications, making it a direct comparable to Nordic Mining's Nordic Quartz asset targeting the same end markets.
• The Quartz Corp: The Quartz Corp is a leading supplier of high-purity quartz for semiconductor, solar, and optical fiber applications and is one of the small group of qualified HPQ suppliers globally — directly comparable to Nordic Quartz.
• Kenmare Resources: Kenmare produces titanium feedstocks (including rutile and ilmenite) from the Moma mineral sands mine in Mozambique, making it a direct peer in the rutile/titanium feedstock segment and a useful read-through on rutile pricing and ramp-up execution.
• GMA Garnet: GMA Garnet is one of the world's largest producers of industrial garnet for waterjet cutting and abrasive blasting, directly competing with Nordic Mining's almandine garnet output from Engebø for the same industrial abrasive customers.
• Base Resources: Base Resources produced rutile, ilmenite, and zircon from the Kwale mineral sands operation in Kenya and is a direct comparable in the mineral sands segment, particularly relevant as a read-across on rutile pricing and African/European export dynamics.

Broad incumbents

• Tronox Holdings: Tronox is a vertically integrated TiO2 pigment producer with captive mineral sands operations including rutile production, serving the same downstream pigment and titanium metal customers as Nordic Mining and offering a benchmark for the rutile-to-pigment value chain.
• Rio Tinto (Iron Ore & Titanium): Rio Tinto's Iron Ore and Titanium (formerly 100% RTIT) operations include titanium feedstock production, making it a broad incumbent peer in titanium mineral sands with significant scale advantages over Nordic Mining.
• Chemours: Chemours is a major global TiO2 pigment producer with its own mineral sands feedstock sourcing, competing in the same titanium value chain as Nordic Mining and providing a useful downstream demand signal for natural rutile.

Emerging players

• Sheffield Resources: Sheffield Resources is developing the Thunderbird mineral sands project in Western Australia targeting rutile, zircon, leucoxene, and ilmenite — overlapping end markets and product portfolio with Nordic Mining, though at a different project stage and geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NordicRutileAS
• LinkedInlinkedin.com/company/nordic-mining-asa

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Mining