NIO has recently received the outcome of the feasibility study for the mine in Blötberget and the management and the Board therefore considers it important to prepare the financing of the construction work.

– The outcome of the feasibility study was positive and that is why we are now moving forward in our work. The fact that we chose Swedbank Norway is because they have a very good track record in our industry, says Nordic Iron Ore's CEO Lennart Eliasson.

Swedbank Norway is a branch of Swedbank AB (publ), the company will work with the Corporate Finance and Debt Capital Markets departments. They will act as financial advisors to help the company coordinate contacts with potential investors and evaluate various strategic and financial opportunities in the future.