Nordic Mining lines up USD 7.5 million bond tap to extend liquidity runway to mid-October
Reuters2026/09/07 10:25- Nordic Mining moved to raise USD 7.5 million via a USD 30 million tap on Senior Secured Bonds priced at a 75% discount.
- The financing is designed to extend liquidity runway to mid-October.
- Bondholder support from a majority of voting bonds signaled; tap requires two-thirds consent to proceed.
- Planned covenant waivers, including minimum liquidity and book equity ratio, slated for extension to Oct. 15.
- Temporary permit decision on tailings disposal expected in September; outcome seen as critical for longer-term financing.
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