Nidhogg Energy AB, a wholly owned subsidiary of Nidhogg Resources Holding AB, Secures USD 500 000 Investment and Moves Forward with Due Diligence on Egyptian Gold Project

Nidhogg Resources Holding AB (publ) ("Nidhogg" or "the Company") is pleased to announce the signing of a binding Heads of Terms Agreement (“HoT”) with Enserv International L.L.C. (“Enserv”), incorporated in UAE, to invest USD 500000 (“Investment”) into Nidhogg Energy AB (“Nidhogg Energy”), a wholly owned subsidiary of Nidhogg. Nidhogg Energy’s board of directors has approved the continuation of financial, legal, and technical due diligence regarding the letter of intent (“LOI”) previously communicated on 26 April 2025, concerning the acquisition of the Egyptian company Al-Baraka Mining & Quarries Company (“Al-Baraka”).

Under the terms of the HoT, Enserv will invest USD 500,000 in exchange for a 25% equity stake in Nidhogg Energy. The capital injection is earmarked exclusively for financing the first tranche of the Al-Baraka transaction. As a direct result of the Investment, Nidhogg Energy will acquire a 50% interest in Al-Baraka.

The Company’s preliminary 100% share of the project NPV10, modelled by the Company, is in excess of USD 4 million, IRR of over 50% with a money multiple of more than 8x based on the minimum historically reported average monthly gold production of 1.25 kg and in excess of USD 9 million, IRR of over 100% with a money multiple of more than 20x for an average monthly gold production of 2.5 kg.

Gold is currently being extracted from surface level operations within the licensed area through existing open-pit workings, with a historical maximum mining depth of approximately 30 meters. The Company intends to increase production by improving and optimizing the processing of the gold bearing ore.

In addition, the Company plans to process approximately 15,000 metric tons of waste rock (tailings) with an estimated gold grade of 1.5 grams per metric ton, corresponding to approximately 22.5 kilograms of gold according to the seller's information.

A core management group and board of directors have been assembled to support the development and operational phase of the project with compensation and incentive structures tied to gold production volumes defined with representation from both Nidhogg and Enserv. The management group shall be entitled to a performance bonus as follows: USD 150,000 upon reaching an average gold production of 5 kg over a 3-month period; USD 300,000 for 10 kg over 3 months; and USD 500,000 for 15 kg over 3 months.

"We are pleased to enter into a collaboration with Enserv International to advance what we believe is a highly promising producing gold project in an underdeveloped but resource rich region with a lot of upsides in the Eastern Desert of Egypt", says Niclas Biörnstad, CEO of Nidhogg Resources Holding AB (publ). "This transaction is in line with our strategic focus on high-potential producing assets."

About the Al-Baraka Project

Al-Baraka Mining & Quarries Company operates in collaboration with Shelateen Mineral Resources Co., Egypt’s state-run concession holder. The project involves gold extraction from historically producing areas and is expected to scale up under Nidhogg’s operational development. The transaction is subject to standard due diligence, documentation, and regulatory approvals.

This information is inside information that Nidhogg Resources Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on July 3, 2025 at 01:00 a.m. CET by the following contact persons.

For further information please contact:

Ulrich Andersson, Chairman of the Board of Nidhogg Resources Holding AB (publ)

E-mail: ulrich@nidhoggresources.com

Phone: +46 70 376 0515

Or

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)

E-post: niclas@nidhoggresources.com

Telefon: +46 70 729 9769

About Nidhogg Resources

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

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