Historical Timeline

Timeline Nidhogg Resources

  • Incorporation of Nidhogg Resources AB by founders with over 60 years of global experience in the natural resources industry – June, 2023

  • Acquires three prospecting licenses including Tuna Hästberg comprising an underground and open pit mine with iron and manganese ore that was shut in due to political reasons in the 1960’s – July 2023

  • Submits material for consultation as part of the environmental permit (“MKB”) to prepare for test mining in the Tuna Hästberg area – February 2024

  • Reverse merger of company with Eurocine Vaccines and publicly listed on the Swedish stock exchange Spotlight, changing name to Nidhogg Resources Holding AB (publ) ticker: NIDHOG, replacing the board of directors and appointing a new CEO – June 2024

  • Earn-In agreement for up to 100% ownership in a company holding five prospecting licenses, including Vintjärn-Kölen, comprising an underground mine with iron, manganese, copper, Rare Earth Minerals (REE) and silica that was shut in due to political reasons in the 1970’s – June, 2024 

  • Submits ore to evaluate a fossil free modular/scaleable beneficiation technology from Vintjärn – July, 2024

  • Enters into a Letter of Intent to acquire 85% of Holmasjön AB that holds the rights to seven prospecting licenses and a tailings pile comprising iron, copper, gold, REE, cobalt and molybdenum – July, 2024

  • An investment guarantee secured for a minimum of approximately 5 million sek that will be utilized to generate cashflow from existing projects conditional to the acquisition of Holmasjön AB  – July, 2024

  • Submits material for consultation as part of the MKB to prepare for test mining in the Vintjärn area – August, 2024

  • Prepares and submits plans for geophysical surveys to investigate the extent of magnetic anomalies between Vintjärn and Kölen – September, 2024

  • Enters into a Memorandum of Understanding with GreenIron to beneficiate iron and other metal ore with the help of fossil free reduction technology and for the possibility to negotiate a joint venture between the companies – September, 2024

  • Cancels the Holmasjön AB transaction, to be resumed once the company is admitted to the regular spot on the Spotlight stock exchange market. A new guarantor steps in to secure minimum 5 million sek – September, 2024.

  • Meeting with the country administrative board of Dalarna and Falun Municipality as part of the trial mining plans for the Vintjarn mine - September, 2024.

  • Preliminary valuation of the mining of the iron ore identified in the Kölen Vintjärn area. According to the Company’s preliminary calculations, the value of mining amounts to a net present value of SEK 721 million over 25 years with a 15% discount (before interest, taxes, depreciation, and amortization) resulting in a net profit of SEK 494 million after deducting NSR of SEK 227 million. Note that rare earth elements ("REE") and silica, minerals found in the Vintjärn-Kölen area, are not included in the aforementioned calculation and may increase the value of the Project - October, 2024.

  • Acquires the prematurely closed iron ore mine in Vintjarn - November, 2024.

  • Completes a geophysical survey in the Vintjarn-Kolen area. The measurements carried out show homogeneous and high magnetic anomalies indicative of ferrous bedrock and confirm an extension eastward from the central shaft at Vintjärn with a distance of at least 1,800 meters and up to 600 meters in a north-south direction - November, 2024.

  • Submits an additional application for a prospecting license in the Vintjarn area - November, 2024.

  • Conducts a reverse split 1:250 of its shares - December, 2024.

  • Awarded a 117,5 ha prospecting license in the Vintjarn area contiguous with the other licenses acquired through the earn in agreement with Big Rock - March, 2025.