Nidhogg Resources Holding AB ("Nidhogg"), a Swedish mining company and GreenIron (“GreenIron”), a company providing fossil-free metal processing technology, are pleased to announce the signing of a non-binding Memorandum of Understanding (“MOU”) to explore a strategic collaboration aimed at advancing sustainable metal production in Sweden.
The partnership will focus on deploying GreenIron’s patented hydrogen-based technology to reduce metal oxides to pure metals, a process that is entirely fossil-free and generates only water as a byproduct. This innovative approach aligns with Nidhogg’s commitment to leveraging new technologies to support the energy transition and enhance resource efficiency within the mining sector and its existing mining assets.
According to the terms of the MOU Nidhogg will source ore material such as iron, copper, manganese and GreenIron will use its technology to reduce the material with its hydrogen technology to deliver fossil free and commercially usable metals in a renewable manner.
"We are excited to work with Nidhogg to bring our fossil-free technology to the forefront of the mining industry," said Edward Murray, CEO of GreenIron. "This collaboration is an important step towards achieving our shared vision of sustainable and circular resource use in metal production."
Niclas Biörnstad, CEO of Nidhogg Resources Holding AB, added, "The usage of GreenIron's technology into our operations not only aligns with our sustainability goals but also positions us at the cutting edge of innovation in the mining sector. We look forward to working together to reduce our carbon footprint while producing high-quality metals."
The MOU outlines the framework for a potential final and binding agreement, including the development of local facilities for metal processing and the exploration of a possible joint venture opportunity. The collaboration is expected to create new opportunities for both companies to contribute to the global strategy for sustainable and renewable industrial practices.
About Nidhogg Resources Holding AB (publ)
Nidhogg Resources Holding AB is a Swedish-owned mining company focused on extracting and processing raw materials within Sweden. The company is dedicated to using advanced technologies to drive the energy system transition and contribute to a sustainable future.
About GreenIron
GreenIron is a Swedish company specializing in the fossil-free reduction of metal oxides to pure metals using hydrogen-based technology. The company’s innovative process minimizes CO2 emissions and supports circular business cycles by converting waste and secondary flows into valuable raw materials.
For more information please contact:
Nidhogg Resources Holding AB
Ulrich Andersson, Chairman of the Board
E-post: ulrich@nidhoggresources.com
Telefon: +46 70 376 0515
Or
Niclas Biörnstad, CEO
Email: niclas@nidhoggresources.com
Slottsgatan 14, 553 22 Jönköping, Sweden
GreenIron H2 AB
Edward Murray, CEO
Email: info@greeniron.se
Mobile; +46 70 980 50 46