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Nordic Iron Ore Interim Report January - June 2021 Q2 Interim Report January – June 2021 Corporate Identity Number 556756-0940 Nordic Iron Ore Significant events during the second quarter 2021 Veidekke is hired to design the main decline between the mine and the industrial area Paterson & Cooke hired for the study of the management of tailings Cooperation agreement signed with Epiroc Second quarter , 1 April - 30 June 2021 • Income amounted to SEK O million ( 0 ) . Earnings after tax amounted to SEK -2.2 million ( -2.0 ) Investments in the period April - June totalled SEK 0.6 million ( 0.4 ) Basic earnings per share were SEK -0.07 ( -0.07 ) Interim period , 1 January - 30 June 2021 Income amounted to SEK 0 million ( 0 ) Earnings after tax amounted to SEK -4.9 million ( -4.6 ) Investments in the period January - June totalled SEK 2.6 million ( 0.8 ) Basic earnings per share were SEK -0.15 ( -0.15 ) Cash and cash equivalents on 30 June 2021 amounted to SEK 5.4 million ( 5.8 ) Significant events after the end of the period The short - term loan facility of SEK 10.5 million was extended until the end of the year Key ratios ( Group ) 2021 2020 Amount in SEK April - June 2021 April - June Jan - June 2020 Jan - June 2020 Jan - Dec Equity ratio ( % ) 88,82 % 95,60 % 88,82 % 95,60 % 93,23 % Earnings per share 0,07 -0,15 -0,15 -0,07 -0,29 Equity per share 4,43 4,87 4,43 4,87 4,58 Quick ratio ( % ) 36,23 % 126,16 % 36,23 % 126,16 % 64,06 % No. of shares June , 30 2021 Weighted average no . of shares before dilution 33 582 993 31 255 304 33 582 993 31 255 304 33 582 993 33 582 993 30 564 159 33 582 993 30 436 045 30 930 590 Nordic Iron Ore AB is a mining development company that aims to resume and develop iron ore production at Ludvika Mines in Blötberget and Håksberg . The Company has all the essential permits in place , which will enable it to produce iron ore of extremely high quality from significant mineral resources . 1