Rocksource transferred all its assets and liabilities related to mining and minerals to Nordic Mining. This include perpetual, global rights to utilize Rocksource’s advanced electromagnetic technology(EM-technology) within the mining industry and ownership interests in 4 gold mining licenses in Ecuador.
In September 2006, Nordic Mining acquired 9 mineral claims to the Engebøfjellet rutile deposit from Conoco Phillips Investment Norway AS. Final concession for the acquisition were given by Norwegian authorities in January 2007.
Nordic Mining acquired 85% of the shares in Gudvangen Stein AS in June 2007. Gudvangen Stein has operational mining activity as a producer of the industrial product anorthosite.
In June 2008, Nordic Mining acquired 68% of the shares in Keliber Oy, a Finnish company having the rights and plans for extraction and production of Lithium carbonate in Finland.
Nordic Mining and StatoilHydro entered, in September 2008, into a strategic cooperation agreement for development of new technology for use of CO2 in mineral processing.