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Our minerals
& assets
The country is also sitting on large, untapped mineral deposits, which are in high demand by government and industry.
We are focusing our efforts on three high worldwide demand resources and EU Critical Raw Materials (CRMs): magnetite with vanadium, apatite with phosphate and ilmenite with titanium, developing a new integrated value chain for these responsibly produced materials.
Deposits, licences & infrastructure
Norge Mineraler has, through its 61 exploration rights for the state’s minerals in Southwestern Norway, carried out test drilling and extraction to prepare the ground for further exploration of the mineral deposit. The right of inquiry covers the areas of Søre Hå, Bjerkreim, Eigersund, Lund, Sokndal and Bømlo-Lykling. The company’s focus has been the Eigersund area and will now move the work on to the development phase with associated licences and licence applications for this part of the company’s operations.
All of these areas are central to the creation of a new integrated value chain for responsibly produced minerals. The sectional work for recovery in the main focus area Eigersund is central to the ongoing work. In this way, the company will help the world secure the future supply of critical minerals and meet the requirements of society’s necessary transition from fossil to green energy.
Norge Mineraler owns exploration licences that include more than 70 billion tonnes of ingenous rock containing EU CRMs phosphate, titanium, vanadium and hematite.
- MRE3 by SRK: 3.4 billion tonnes in three zones with a potential of up to 70 billion tonnes of total mineralisation
- NGU4 estimation: 62 billion USD total value of in-situ minerals in the Bjerkreim area
- Extensive drilling campaign: 80 kilometres of drilling in planned locations
- SRK reports: the deposit has consistent grade profile
- Production lifetime: 30 years
- Average production: 20 million tonnes per year
- Average concentrate per year: 4 million tonnes
- Average waste materials per year: 16 million tonnes
c.3.4Bt of JORC-compliant resource confirmed by SRK 2
| Type | Mt | P2O5 Grade (%) | TiO2 Grade (%) | V2O5 Grade (%) | Fe3O4 Grade (%) |
|---|---|---|---|---|---|
| Indicated | 400 | 2.19 | 4.68 | 0.07 | 3.89 |
| Inferred | 1,538 | 1.70 | 4.50 | 0.07 | 3.57 |
| Total | 1,938 | 1.81 | 4.54 | 0.07 | 3.63 |
| Type | Mt | P2O5 Grade (%) | TiO2 Grade (%) | V2O5 Grade (%) | Fe3O4 Grade (%) |
|---|---|---|---|---|---|
| Indicated | 89 | – | 11.42 | 0.14 | 6.82 |
| Inferred | 103 | – | 9.46 | 0.11 | 5.36 |
| Total | 192 | – | 10.37 | 0.12 | 6.04 |
| Type | Mt | P2O5 Grade (%) | TiO2 Grade (%) | V2O5 Grade (%) | Fe3O4 Grade (%) |
|---|---|---|---|---|---|
| Indicated | 972 | 1.73 | 4.83 | 0.07 | 3.41 |
| Inferred | 284 | 1.70 | 4.91 | 0.06 | 3.16 |
| Total | 1,256 | 1.72 | 4.85 | 0.07 | 3.35 |
CRMs
Norge Mineraler is developing highly competitive, high purity products with low to zero contaminants.
Phosphate
>40% P2O5 in concentrate with low to zero heavy metal contaminants
Phosphate is widely used in agriculture, including in fertilisers for plant and food production. The use of phosphate fertilisers over the past century has increased crop yields and helped fight hunger worldwide.
Phosphate is also fast becoming a key component in battery production – such as Lithium iron phosphate (LFP) technology – as the world moves away from fossil fuels towards renewable energy.
Magnetite
>98% V2O5 in concentrate
Our magnetite concentrate contains vanadium. Vanadium is a by-product of iron ore and is becoming increasingly valuable in the production of ‘green’ infrastructure.
Due to it being malleable and supple – yet incredibly durable – it’s used as a strengthening mechanism in steel production. It’s also increasingly used in emerging battery technologies, such as redox flow (VRFBs), which have extraordinary renewable energy storage capabilities.
Ilmenite
>45% TiO2 in concentrate
Ilmenite contains titanium dioxide. Our ilmenite concentrate will be used for pigment production, with potential for further processing into high-quality titanium for metal production.
Titanium is stronger and lighter than steel, making it an ideal component in structures that need robustness, such as in aviation and defence. Titanium is also a product our bodies can tolerate and is needed for medical applications, such as prosthetics.
Licences
Norge Mineraler is a company that holds exploration licences in different geographical areas with different maturity and operational phases.
The main focus of the company’s activities is related to the formation in Eigersund municipality. Here, the project moves from the exploration and exploration phase to the development and production phase when zoning work has begun and associated operating licences have been formally approved.
Infrastructure
The proposed development area is located in the Eigersund exploration areas, strategically located close to infrastructure and supply chain routes. This includes the areas Nordasundet and Svåheia, where the company has signed letters of intent (LOI) with local industrial stakeholders on feasibility studies for logistics and port alternatives for shipment of materials from mineral activities.
Existing infrastructure in historical oil and gas region (Stavanger harbour c.70km away and municipal ports c.14km away)
LOIs with the representatives re. feasibility studies for logistics and port options
Local community supportive of natural resource sector
Our products
World-class mineral resources. Four CRMs can be produced on the EU’s resource list: vanadium, phosphate, phosphorus and titanium metal.
Phosphate with low contaminants and high quality.
Low cadmium values lead to cleaner products.
Sustaining world food supply
From our phosphate we are producing wet phosphoric acid (WPA), a key component in the worldwide fertiliser industry. Phosphate-based fertilisers are essential for improving crop yields. Reliable, sustainable phosphate supply therefore supports global food security.
Powering green transport
Phosphate is also increasingly used in electric vehicle battery technology and stationary energy storage. Lithium iron phosphate batteries (LFP) are more environmentally friendly and cheaper than cobalt- and nickel-rich cathodes.
- High premium purity
- Critical for food security
- EV battery demand (LFPs)
We need fertilisers, and we must protect the soil quality. If you use a bad phosphate source for fertilisers, they can contain heavy metals that accumulate and become poisonous. We also need to create a carbon neutral food value chain.”
Jørgen Stenvold
Norge Mineraler Project Director
Our vanadium is very high grade. There’s currently no vanadium production from the EU. Therefore, we are well placed to be a primary supplier for renewable energy storage and manufacturing.
Storing renewable energy
Vanadium has exciting potential in next generation redox flow batteries (VRFBs) for long-duration, efficient energy storage. This is essential to support renewable energy adaption. VRFBs have a lifecycle of decades and retain value through thousands of recharges.
Strengthening manufacturing
Vanadium is used as an additive in steel production and other iron ore applications. Its voracious use in manufacturing is down to its malleable, ductile and corrosion-resistan qualities. Steel alloys are therefore in huge demand across many industries – such as space, aviation and tools.
- No vanadium production from EU
- Renewable energy storage
- High demand steel additive
With evolving EU battery and supply chain regulation, generation of vanadium supply chain in Europe is an increasing necessity, to comply to the latter’s more stringent due diligence and ESG criteria and to secure a stable supply for the growing local energy storage sector. The need for reliable partners – that would secure the supply under the highest ESG standards – is pressing.”
Dr. Jana Plananska
Expert in electric mobility and battery technology and NM Board Advisor
Titanium was added to the EU list of CRMs in 2020, due to its constrained supply. It’s a primary component of pigments, and due to its strength-to-weight ratio, is in high demand from the aviation and defence sectors.
Rising demand for pigments
Ilmenite is the primary ore of titanium and is used to manufacture titanium dioxide (TiO2) – that can create pigments. These can be used for paint, sunscreens and coatings, and there’s a rising demand from the pharmaceutical and construction sectors.
Lightening aviation and defence
With an extraordinarily high melting point, titanium can handle extreme temperature conditions, ranging from sub-zero to 600˚C. It also has staggering strength and yet is relatively lightweight; it’s approximately half as heavy as steel. It can therefore aid the decarbonisation of industries, such as weight reduction in aviation and defence.
- Constrained supply
- Demand for pigments
- Decarbonisation of aviation and defence
We need fertilisers, and we must protect the soil quality. If you use a bad phosphate source for fertilisers, they can contain heavy metals that accumulate and become poisonous. We also need to create a carbon neutral food value chain.”
Jørgen Stenvold
Norge Mineraler Project Director
Further reading
Project
An expedited programme
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Vertical integration
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