01

Who we are and what we stand for

About our people, their experience and our values as a company

VALUES
PEOPLE
CULTURE
SDG PLEDGES
LICENSES

Our vision

Norge Mining has a clear vision: to become a global leader in sourcing and developing valuable minerals using modern and sensitive mining methods. We are creating a legacy and we understand our responsibility as its gatekeepers.

Our focus

This is a nascent industry in Norway, a country that is sitting on large, untapped mineral deposits, according to investigations so far. We are focusing our efforts on three high worldwide demand resources: vanadium, phosphates and titanium.

FIND OUT MORE

Our priorities

Considerate mining is at the core of our business model – in collaboration and constant communication with local neighbourhoods. Using innovation and technology, we aim to minimise any environmental impact. What’s more, some of the minerals we are sourcing will greatly contribute to a more sustainable global future.

FIND OUT MORE

Our evidence

Securing a stable region for developing these much-needed resources is not just our vision; the European Union has officially named vanadium and phosphorus as ‘Critical Raw Materials’ – economically and strategically important for the European economy, but that have a high-risk associated with their supply.

FIND OUT MORE

Our investors

A reliable partner, Norge Mining aims to build value for its shareholders. We will offer long-term opportunities at an attractive investment level, with significant upside. Norway is, politically and environmentally, one of the most stable and developed countries in the world and its government is strongly fostering the mining industry.

FIND OUT MORE

NORWEGIAN GEOLOGICAL INSTITUTE (NGU):

“Ilmenite and vanadium in the Bjerkreim-Sokndal intrusion, together, constitute a world-class resource.”

Our team

Our team is made up of mining industry stalwarts, technology enablers, business growth experts and local entrepreneurs. We are excited by the huge potential that lies ahead and believe we are on the precipice of something truly great.

  • BOARD
  • MANAGEMENT
Norge Mining - Oliver A. Baring

Oliver A. Baring
Chairman

Oliver A. Baring is an industry mover and shaker, who brings with him a vast heritage of global mining experience. He was a member of the advisory council at both Sentient Group and a US$2 billion mining private equity fund. He’s held Chairman roles at First Africa Group and Mwana Africa PLC, and was previously a Partner at Rowe & Pitman and Managing Director of UBS Warburg Mining Group worldwide. Oliver started out in the industry at Anglo American/De Beers Group. – Senior Independent Non-Executive Director: Ferrexpo PLC (2007-2016) – Advisory Council: Sentient Group Advisory Council (2001-2016) – Advisory Council: US$2 billion mining private equity fund – Chairman: Mwana Africa PLC (2005-2012). – Chairman: First Africa Group (2001) – Partner: Rowe & Pitman (1974-1986) – Managing Director: UBS Warburg Mining Group (1986-2001) – Anglo-American Corp/ De Beers Group

MORE
Norge Mining - John Vergopoulos

John Vergopoulos
CEO

John Vergopoulos brings decisive, hands-on leadership to Norge Mining, as well as an international financial ‘black book’ and years of experience in the mineral resources sector. He has a strong fundraising track record in capital, private equity and syndicated loan markets. He’s been an SME Board Director and a CEO and CFO for various publicly traded corporations in the tech and mineral resources industries. Over the years, John’s been in charge of dealing with government institutions throughout Europe, Africa and Asia. He started out his career as a chartered accountant in Deloitte’s London Audit Department.

MORE
Norge Mining - Mike Hirschfield

Mike Hirschfield
CFO

Mike has served on the boards of a number of listed companies. In 1997, he incorporated his own private business to provide advice and support to a variety of AIM and main market listed companies and he provides his services to the Company through his business, Kitwell Administration Limited. He started out his career as a qualified chartered accountant with KPMG, specialising in corporate finance. Mike is a graduate of the London School of Economics and Political Science.

MORE
Norge Mining - Gunnar Holen

Gunnar Holen
Non-Executive Director / CEO for TEØK

An economist by trade, Gunnar Holen has decades of professional experience in corporate finance, investment banking, energy and mining. A highly-acclaimed domestic and international investment analyst, he’s advised several early phase companies – and helped them evolve into multi-billion-dollar businesses. With an entrepreneurial flair, he also developed an independent investment research start-up and helped transform it into a fast-growing investment bank (CAR ASA). As its founder and CEO, Gunnar was at the helm of many successful corporate finance transactions.

MORE
Norge Mining - Bert Nacken

Bert Nacken
Non-Executive Director

Dr. L.J.G. (Bert) Nacken obtained a PhD in Natural Science at the RWTH Aachen University (Germany). He joined Billiton/Shell in the Netherlands as a research metallurgist. Between 1980 to 2011 he worked globally in various senior roles at Billiton and then BHP in a number of commodities such as Gold, Nickel, Copper, Titanium and Iron Ore. He was President of the Cerro Matoso Ferro-Nickel mining and smelting operation in Colombia (1997-2001), COO of Nickel Operations Americas, Country Manager Colombia (2002-2004), President of the Minera Escondida Copper mine in Chile (2004-2007), Vice President of Resource and Business Optimisation in the BHP corporate office in Melbourne (2007 – 2009) and Chief Operating Officer of BHP Western Australia Iron Ore (2009-2011). Subsequently he ran his own Mining Consultancy firm from 2012 till 2018. Bert served as an Independent Non-Executive Director of Ferrexpo PLC from 2014 till 2019.

MORE
Norge Mining - Dr. Christian Gübeli LL.M.

Dr. Christian Gübeli LL.M.
Attorney-At-Law / Financial Markets Specialist

Christian will monitor all aspects of financial market law for Norge Mining. He currently runs his own law firm in Switzerland. He’s previously worked in positions of high authority and responsibility in various large international banks, such as Managing Director at Vontobel (Private Banking) and Head of Legal & Compliance at the Swiss Branch of Dresdner Bank. He has a Master of Laws (LL.M).

MORE
Norge Mining - John Vergopoulos

John Vergopoulos
CEO

John Vergopoulos brings decisive, hands-on leadership to Norge Mining, as well as an international financial ‘black book’ and years of experience in the mineral resources sector. He has a strong fundraising track record in capital, private equity and syndicated loan markets. He’s been an SME Board Director and a CEO and CFO for various publicly traded corporations in the tech and mineral resources industries. Over the years, John’s been in charge of dealing with government institutions throughout Europe, Africa and Asia. He started out his career as a chartered accountant in Deloitte’s London Audit Department.

MORE
Norge Mining - Mike Hirschfield

Mike Hirschfield
CFO

Mike has served on the boards of a number of listed companies. In 1997, he incorporated his own private business to provide advice and support to a variety of AIM and main market listed companies and he provides his services to the Company through his business, Kitwell Administration Limited. He started out his career as a qualified chartered accountant with KPMG, specialising in corporate finance. Mike is a graduate of the London School of Economics and Political Science.

MORE
Norge Mining - Michael Wurmser

Michael Wurmser
Founder, COO & Deputy CEO

An astute economist and entrepreneur, Michael will advise on the finances and strategic direction of Norge Mining. He’s worked for Citibank Zurich, and has held a prestigious array of senior positions at multinational financial institutions in New York and Frankfurt. He’s previously been mandated by various governments, finance ministries and state banks to help settle sovereign debts. Over the years, Michael has advised on structure financing for companies in the natural resources, commodities and mining sectors in Russia, the Middle East and Mongolia.

MORE
Norge Mining - Gunnar Holen

Gunnar Holen
Non-Executive Director / CEO for TEØK

An economist by trade, Gunnar Holen has decades of professional experience in corporate finance, investment banking, energy and mining. A highly-acclaimed domestic and international investment analyst, he’s advised several early phase companies – and helped them evolve into multi-billion-dollar businesses. With an entrepreneurial flair, he also developed an independent investment research start-up and helped transform it into a fast-growing investment bank (CAR ASA). As its founder and CEO, Gunnar was at the helm of many successful corporate finance transactions.

MORE
Norge Mining - Øyvind Standeren Pedersen

Øyvind Standeren Pedersen
Founder

A highly-regarded field expert, Øyvind works closely with our Board and thoroughly supervises works at our licence locations in Bjerkreim and Bømlo. He knows the sites inside-out and will be collaborating with the Geological Survey of Norway (NGU) and SRK Exploration Services during any analysis, exploration or sourcing. Øyvind is also in charge of evaluating and acquiring further sites and licences for Norge Mining.

MORE

Collaborative and considerate

Mining has a controversial past; of that, there can be no doubt. At times, it has come at a cost to the environment and neighbouring communities and wildlife. Norge Mining is creating a different legacy, one that’s centred around mutual respect for people and the planet.

Interactive and visible

Norge Mining will usher in a new era of considerate exploration and sourcing – in collaboration and communication with local people, landowners and farmers. Regional mayors are already involved and we have established close links with the regional and national Norwegian governments.

FIND OUT MORE

Sensitive approach

Using innovation and technology we aim to minimise any impact on the environment. 3D geological models and the use of aerial magnetic surveys will help pinpoint accuracy. Norge Mining will also use renewable energy power in its exploration and sourcing wherever we can. We will work hard to make sure as much as possible of the waste material we extract – if not all – is used, such as in the construction of roads.

FIND OUT MORE

Sustainable future

All of the minerals we are exploring are in high global demand. Some of them will greatly contribute to a more sustainable global future – such as vanadium and phosphates. These are both are on the European Union’s Critical Raw Materials list.

FIND OUT MORE
 

Aligning with global ambitions

Given the worldwide significance of our assets in Norway, we are using global principles to guide our operations. The United Nations Sustainable Development Goals (SDGs), are an array of criteria against which every organisation can be measured. Of the 17 goals, there are at least seven with specific relevance to us. Below are these particular SDGs and how we pledge allegiance and align with to each one.

 

OUR PLEDGEWe aim to provide energy storage solutions for the world, with a large, continuous supply of vanadium.
There is no affordable clean energy without viable storage capacity for renewables. V-flow batteries will play a vital role in our circular economies of the future. They are non-flammable, compact, reusable over semi-infinite cycles and have a lifespan of more than 20 years. We are excited to be a part of helping bring them to the world.

 

OUR PLEDGEWe hope to fuel a nascent industry in Norway, creating economic wealth & jobs.
Norway is a pro-mining country. As it diversifies from oil and gas, it’s looking to its other natural resources for income – and we are proud to be leading the charge on investigating vital minerals and metals in the region. All our work is carried out in a mindful way, that’s respectful to the surrounding people and the land.

FIND OUT MORE

OUR PLEDGEAs we help support new industrial infrastructure in Norway, we are part of an innovative revolution in green mining.
We are proving that mining can be clean and green, thanks to innovative ways of extracting materials from the ground with minimal impact on the land. We are also helping fuel a new industry in Norway, creating infrastructure for the economic benefit of its people and entirely new ways of exploring minerals that will propel our sustainable revolution forward.

FIND OUT MORE

OUR PLEDGEWe are exploring critical raw materials that have the power to create a more sustainable world for all.
We are investigating what we understand to be vast deposits of vanadium and phosphorus in Norway. These EU ‘critical raw materials’ are needed for our lower carbon transition. Phosphorus fertilisers provide a more natural way to help feed the world, while vanadium batteries are powerhouses when it comes to renewable energy storage.

 

OUR PLEDGEBy making phosphorus and vanadium more readily available, we can help minimise the use of harmful fertilisers and batteries.
Nitrogen-based fertilisers trigger the release of nitrous oxide (N2O) – a greenhouse gas that contributes to climate change. It’s particularly potent as it’s over 300 times more effective at trapping heat in the atmosphere than carbon dioxide. While lithium-ion batteries contain toxic heavy metals and are hard to recycle. They are part of a chain of irresponsible consumption and production. Natural phosphorus fertilisers and long-lasting vanadium batteries help solve these conundrums.

 

OUR PLEDGEWe don’t just advocate on climate change; we are taking action.
Climate action is at the heart of what we do. We are investigating raw minerals that are on the European Union’s Critical Raw Material list, because they are vital to our greener future, but their supply is at risk. Vanadium batteries will be able to store the vast quantities of renewable energy – needed in the move away from carbon. While phosphate fertilisers are the most natural way to feed our ever-growing global population.

FIND OUT MORE

OUR PLEDGEOur commitment to protecting the environment and wildlife in Norway is unwavering.
While we need to drill holes in the ground to extract critical raw materials needed for a greener future, we will also invest in a renaturation programme and no chemicals will be used in our investigations. We will also minimise any impact
to the land and its biodiversity, by carrying out extensive aero-magnetic surveys before we go underground. We are in touch with the local green party and all surrounding communities.

FIND OUT MORE

Licences

Norge Mining has purchased 29 licences: Bjerkreim, Eigersund, Lund, Sokndal and Bømlo-Lykling.

VIEW MAPS

This is where we are focusing our exploration and sourcing efforts for three high-demand minerals and metals: vanadium, phosphates and titanium.

FIND OUT MORE

Bjerkreim

Bjerkreim is situated at the top of the exploration licence area, at the northern end of Rogaland county and the district of Dalane. The municipality covers 651km² and is the least populated in the licence area. It has a population of nearly 3,000. Agriculture, natural forests and spruce plantations are the main land uses, while agriculture is the primary industry. Bjerkreim also hosts a number of windfarms, with total power production of 249 MW.

Eigersund

Eigersund is the most populous of these municipalities with a population of nearly 15,000. It encompasses large geographical areas, but the population is relatively concentrated. Its industrial sector is large and viable. Adopted by the Municipal Council in 2015, the Eigersund Municipality Plan focuses on three themes: population development, business development and the municipality’s economic situation.

Lund

Lund Municipality has a population of more than 3,000. Just over 500 people in Lund depend upon agriculture with around 600 working in the secondary industries. Lund is actively working on a green structure and nature conservation programme for its natural areas. There are about 30 places within the municipality that are protected as a national park or nature reserve.

Sokndal

Sokndal is the southernmost municipality in Rogaland county, located in the traditional district of Dalane. The administrative centre is Hauge. It has a population of more than 3,000, increasing by 1.5% over the last decade. The North Sea lies to the south west. The south-eastern part of the municipality is very rocky and rugged It’s the site of the large Tellnes mine – a large producer of Titanium.

Bømlo-Lykling

Bømlo is a municipality in the southern part of Hordaland county. The administrative centre is the village of Svortland. Most of the municipal residents live on the island of Bømlo. The 247km² area has a population of nearly 12,000, increasing by 8.4% over the last decade. The municipality includes about 900 islands, islets, and skerries – although most are very small and uninhabited. The Lykling village area has become a popular tourist attraction, mainly due to its history of gold mining. It was discovered here in 1862, it’s alleged, by an unknown miner looking for copper.

 

Locations

MAP BELOW OF FOUR LICENCE AREAS BJERKREIM, EIGERSUND, LUND AND SOKNDAL

 

BØMLO-LYKLING LICENCE AS SHOWN IN SRK “COMPETENT PERSON’S REPORT

Registered Office (UK)
Fourth floor, 43 Berkeley Square,
London, W1J 5FJ, United Kingdom
Company Registration Number: 11703765
E uk.office@norgemining.com
T +44 20 7889 7894

Norway Office
TEØK AS, Holtet 45, 1368 Stabekk, Kingdom of Norway
E office@norgemining.com
T +47 952 55 835

QUICK LINKS