Nidhogg Resources Holding AB (publ) (the "Company") announces that during Q2 2026, the Company will carry out ground-based magnetic measurements within the exploration permits in Tuna Hästberg in Borlänge Municipality, Dalarna as part of Nidhogg's exploration program.

The survey will focus on Tuna Hästberg 1 & 2 north and east of the historical open-pit mine, where several smaller iron ore mines have been identified. SGU's aeromagnetic maps show a very strong and coherent magnetic anomaly within both exploration licenses. The survey will evaluate the strength, homogeneity and extent of this anomaly, providing indications of potential iron and manganese mineralization as well as the possibility of expanding the open-pit mine northwards in the future.

The work is carried out on foot with a portable magnetometer and GPS, where survey points are taken every ten meters on east-west lines with 100 meters line distance without impact on the land, nature or private interests.

"Tuna Hästberg is one of our most promising iron and manganese projects, with a very strong magnetic anomaly spanning both exploration licenses. If the ground-based measurements confirm a homogeneous and coherent anomaly, it strengthens our geological model and the potential for a greater mineralization in the area," says Niclas Biörnstad, CEO of Nidhogg Resources Holding AB (publ).

Contact

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)

E-mail: niclas@nidhoggresources.com
Phone: +46 70 7299769

About Nidhogg Resources Holding AB (publ)

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on natural resources. 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.