Nidhogg Resources Holding AB (publ) (“Nidhogg” or “the Company”) provides the following operational update related to its ongoing strategic development in Egypt.

The Company continues to prepare for its investment in the Egyptian gold project. The project has experienced a temporary delay due to ownership modifications within Nidhogg’s local partner, Al Baraka Mines and Quarries Company (“Al Baraka”) and the ongoing company formation process in Egypt. The Company is engaging with relevant parties and intends to assume operations once the ownership transition and the incorporation is completed. The Company will provide an update as soon as further information is available.

In parallel, Nidhogg is evaluating other project opportunities in line with its long-term strategy to establish a diversified and balanced portfolio of resources and energy-based assets. This includes near to production, in production and value-accretive projects within the resources and energy sectors that align with the Company’s operational and financial objectives and support its strategic plan.

For more information, please contact:

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)
E-mail: niclas@nidhoggresources.com
Phone: +46 70 729 9769

About Nidhogg Resources

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on commodities. Nidhogg was founded by individuals with a total of over 60 years of experience in the commodities market, with backgrounds ranging from exploration to exploitation as well as sales and a passion for extracting raw materials by applying innovative technology together with existing infrastructure.