Norge Mineraler

What Norge Mineraler does

Norge Mineraler is a Norwegian Critical Raw Materials (CRM) exploration and development company building a domestic European supply of phosphate, vanadium, titanium, and graphite for green technology, food security, and defence applications. The company operates through its Norwegian subsidiary Norge Mineraler AS (Egersund) under UK parent Norge Mining Limited, and holds 32 extraction licences in southwestern Norway containing approximately 4.5 billion tonnes of magmatic-origin resources. The flagship Storeknuten deposit carries a JORC-compliant resource estimate of 3.17 billion tonnes (updated June 2024 from 1.94 billion tonnes in October 2023), with phosphate purity exceeding 96%. Production technology centres on extraction and beneficiation of high-purity igneous phosphate rock, magnetite recovery for vanadium, ilmenite processing for titanium dioxide, and, following the December 2024 acquisition of Skaland Graphite AS, flake graphite mining. The company targets magnetite concentrate (vanadium precursor) production by 2029.

The business model is B2B contract-based mineral sales to industrial customers in the fertilizer, lithium iron phosphate (LFP) battery, vanadium redox flow battery (VRFB), steel, pigment, aerospace, and defence sectors. Pricing is set by global commodity markets and negotiated bilaterally, with no public pricing disclosed. The go-to-motion is enterprise field sales reinforced by high-level government and institutional engagement, including participation in the SAFE Summit, FT Mining Summit, COP28, Munich Security Conference, Davos, and the European Initiative for Energy Security. Norge Mineraler markets itself within the Minerals Security Partnership framework (Norway joined in September 2022) to position as a strategic European alternative to Chinese and Russian CRM imports.

The company was founded in 2018 and is led by CEO Olav Skalmeraas and Chairman John Vergopoulos, with founder Michael Wurmser serving as Non-Executive Director. Headcount is reported at 11–50 employees. The company became revenue-generating in late 2024 following the Skaland Graphite AS acquisition; prior to that, activities centred on exploration, resource definition, and pre-feasibility work. In December 2025, Norge Mineraler AS received extraction permission from the Norwegian Directorate for Mineral Management to extract approximately 200 cubic metres of mineralised rock for sampling, advancing the Eigersund project toward commercial production. No external private equity or venture capital funding rounds are disclosed in the available data; ownership appears to rest with founding principals and management.

Name

Norge Mineraler

Legal name

Norge Mining Limited

Website

https://norgemineraler.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Norge Mineraler is a Norwegian Critical Raw Materials mining company developing phosphate, vanadium, titanium, and graphite resources in southwestern Norway for European fertilizer, battery, steel, and defence industrial customers, with revenue generated through its Skaland Graphite AS acquisition completed in late 2024.

Ownership category

akta.pro rank

Product category

Critical Raw Materials Mining

NAICS

Nonmetallic Mineral Mining and Quarrying (2123), Other Nonmetallic Mineral Mining and Quarrying (21239)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400), Metal Mining (1000)

akta.pro primary industry

Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines) (AFABABAH)

Keywords

• Critical raw materials
• Mineral extraction
• Phosphate mining
• Vanadium production
• Graphite mining

Headquarters

HQ city

Egersund

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain

Revenue model

1. Mineral Extraction and Sales: Revenue is generated through the extraction and sale of Critical Raw Materials including phosphate, vanadium, titanium, and graphite. The company acquired Skaland Graphite AS (Europe's largest graphite producer) and became a revenue-generating company in late 2024. Planned production includes magnetite concentrate (vanadium precursor) by 2029.
2. Graphite Production: Through acquisition of Skaland Graphite AS, the company now operates the world's highest grade flake graphite mine (fourth-largest outside China), generating revenue from graphite sales for energy storage, EVs, steel, and aerospace applications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Norge Mineraler extracts and supplies four Critical Raw Materials from its Eigersund Project and Skaland mine in Norway: high-purity magmatic phosphate rock concentrate (96%+ purity, used for fertilizers and LFP batteries), vanadium pentoxide extracted from magnetite concentrate (used for VRFB energy storage batteries and steel strengthening), ilmenite-derived titanium dioxide (used for pigments and titanium metal for aerospace/defence), and flake graphite from Skaland Graphite AS (Europe's largest graphite producer, used in energy storage, EVs, steel, aerospace, and graphene applications). The company sells these materials B2B to industrial customers primarily in Europe.

Product overview

Norge Mineraler is a Critical Raw Material mining and processing company developing an integrated supply chain for three high-purity igneous mineral resources: phosphate (apatite), vanadium (from magnetite), and titanium (ilmenite) at their Eigersund project in southwest Norway. The company operates through its Norwegian subsidiary Norge Mineraler AS with the UK parent company Norge Mining Limited. They also acquired Skaland Graphite AS (Europe's largest graphite producer) to expand their portfolio of EU Critical Raw and Strategic Materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Phosphate (P2O5) Concentrate High-purity (over 96%) igneous phosphate rock concentrate sourced from the Eigersund Project in southwest Norway, supplied to fertilizer producers for agriculture and to manufacturers of Lithium Iron Phosphate (LFP) batteries for electric vehicles and stationary energy storage.
• Vanadium Pentoxide (V2O5) Vanadium product extracted from magnetite concentrate at the Eigersund Project, intended for sale to steel producers as a strengthening additive and to manufacturers of Vanadium Redox Flow Batteries (VRFBs) used in long-duration renewable energy storage.
• Titanium Dioxide (TiO2) Ilmenite Concentrate Ilmenite concentrate containing titanium dioxide, supplied to pigment producers, with potential for further processing into high-quality titanium metal for aviation, aerospace, and defence applications.
• Skaland Flake Graphite Flake graphite produced at the Skaland mine on the island of Senja in Norway (wholly-owned via Skaland Graphite AS), sold to industrial buyers for use in energy storage, electric vehicles, steel, metallurgy, aerospace, defence, and graphene applications.

Quantifiable outcome

• Europe 100% dependent on vanadium imports, with over 80% from China and Russia, creating urgent need for domestic supply
• +5 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• NorconsultcoreImplementation/ SI/ Consulting Partner · 4 December 2024Leading engineering, architecture and consulting firm engaged for Environmental and Social Impact Assessment (ESIA) and zoning work for the Critical Raw Materials project in Norway. Norconsult is providing expertise in project planning and regulatory compliance.
• Minerals Security Partnership (MSP)coreStrategic or Co-development Partner · 1 September 2022Norway joined the Minerals Security Partnership in September 2022, aligning with the US and key partner countries (Australia, Canada, Finland, France, Japan, Republic of Korea, Sweden, UK, EU) to bolster critical mineral supply chains. Norge Mineraler operates within this partnership framework as a Norwegian CRM producer.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bushveld Minerals: Vertically integrated vanadium producer with operating mines in South Africa and downstream VFRB energy-storage ambitions. Comparable because both target the same vanadium-for-energy-storage thesis and primary steel-grade markets.
• The Mosaic Company: One of the world's largest phosphate rock miners and leading crop nutrition producer. Comparable because both target the global phosphate fertilizer supply chain and serve overlapping agricultural customers.
• Yara International: Norwegian-headquartered global fertilizer producer and one of the largest buyers of phosphate rock globally. Comparable because it is a Norway-based, EU-focused agricultural inputs player whose downstream demand directly consumes Norge Mineraler's phosphate output.
• Tronox Holdings: Vertically integrated TiO2 pigment producer mining ilmenite feedstock globally. Comparable because it represents the primary downstream customer profile for Norge Mineraler's ilmenite concentrate and operates in the same titanium value chain.
• Iluka Resources: Australian miner of mineral sands including ilmenite, rutile, and zircon — a primary global supplier of titanium feedstock. Comparable because Norge Mineraler's ilmenite concentrate targets the same TiO2 pigment and titanium metal value chain.
• Syrah Resources: Australian operator of the Balama natural flake graphite mine in Mozambique — one of the largest natural graphite operations outside China. Comparable because Skaland Graphite AS competes in the same global natural graphite market serving battery and industrial customers.
• Largo Inc. Vanadium-focused miner operating the Maracás Menchen mine in Brazil, one of the world's primary vanadium producers. Comparable because both are pure-play vanadium producers targeting the energy storage and steel markets with similar end-customer exposure.

Regional players

• Boliden: Swedish multi-metal miner producing zinc, copper, lead, nickel, and gold from Nordic mines. Comparable as a Nordic-domiciled diversified miner developing critical raw materials for the European energy transition, with similar permitting and ESG positioning.
• LKAB: Swedish state-owned miner producing iron ore and is Europe's largest producer of iron ore pellets, with expanding interests in critical minerals including phosphates and rare earths. Comparable as a Nordic state-aligned critical minerals champion operating in adjacent geographies and overlapping end markets.

Broad incumbents

• Anglo American: Global diversified miner with significant phosphate (Brazil), platinum, copper, and crop nutrition exposure. Comparable as an established incumbent in the same end markets (phosphate for crop nutrition, copper for energy transition) with European customer overlap.

Market position

Strengths5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/norge-mining-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Norge Mineraler