Norsk Titanium

Carnegie Investment Bank acted as Joint Bookrunner in connection with Norsk Titanium’s USD 8.5 million directed share issue.
 
The directed share issue had strong support from existing shareholders and attracted interest from new investors.
 
The Company intends to use the net proceeds from the directed share issue to:
• Fund current operations and cash requirements
• Strengthen the balance sheet to transition development efforts into long term serial production contracts for deliveries to the semiconductor, commercial aerospace, and defence industries
• To extend the company’s runway to continue to evaluate either additional investment or other opportunities that make strategic sense and secures necessary funding for continued operations
 
Carnegie look forward to continuing our support of Norsk Titanium, John Andersen, Jr., Michael Canario, Ashar A. Ashary and the rest of the Norsk Titanium team.