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.