Here is the news from Nordic Talc Oy’s website.
The only additional news compared to before is the statement in the release: “The competitiveness of the project is also supported by the low volume of waste rock excavation in the mining plan, which is significantly smaller than that of other operators in the industry.” This is positive news, as in a certain way, this business is also about cost competitiveness against rivals.
Environmental permit process progressing as planned, development work reducing production costs
The environmental permit application process for the talc project has progressed well. In June, we were asked to provide an explanation regarding the statements, expert memorandum, and objections submitted on the permit application, as well as to supplement the application. We submitted the explanation and requested supplements to the Licensing and Supervisory Authority (Lupa- ja valvontavirasto) on July 3, 2026.
The licensing authority and other representatives of the Licensing and Supervisory Authority involved in processing the matter carried out an inspection at the project site in early September. During the inspection, the sites were examined in the field to gain an understanding of local conditions. According to the company’s knowledge, no specific questions or needs for further clarification arose during the inspection.
The update of the preliminary engineering for the concentration plant prepared by Metso Corporation has also been completed. It took into account the results of the concentration test run conducted in 2025 at the Geological Survey of Finland’s Mintec pilot plant. Based on the preliminary engineering, the new flotation process requires less space than before, and its operating costs are estimated to be approximately 10 percent lower than the operating costs of the previously planned process. The estimate is based on lower consumption of energy, consumables, and wear parts, as well as a reduced need for maintenance. The project’s competitiveness is also supported by the low volume of waste rock excavation in the mining plan, which is significantly smaller than that of other operators in the industry.
We also continued studies on the utilization of magnesite contained in the tailings, as well as mapping out potential operating models and partnerships.
In recent years, a total of approximately EUR 4 million has been invested in the development of the talc project. Although the project has progressed as planned, it is still too early to assess its final implementation or economic impacts at this stage.