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Nordic Mining reports no revenue in Q2 2026 and faces liquidity shortfall
Nordic Mining recorded no revenue in the second quarter of 2026; operating cash flow was strongly negative at -210 million NOK and liquidity at quarter-end stood at 150 million NOK, sufficient only until early September. Throughput reached 77% of design capacity while mineral recoveries remained weak (garnet 20%, rutile 14%), meaning production is not yet commercially viable. Management is seeking an additional $10–15 million, expects a long-term capital need of around 475 million NOK through 2027 and is considering a balance sheet restructuring; there is also regulatory uncertainty due to outstanding permits. » More on de.investing.com
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