Nordex Explosives Ltd.

Nordex Explosives Ltd.

June 29, 2011 18:53 ET

Nordex Explosives Announces Supply Agreement With First Nickel Inc.

KIRKLAND LAKE, ONTARIO--(Marketwire - June 29, 2011) -


NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") is pleased to announce that it has entered into a supply agreement with First Nickel Inc. for the supply of explosive products to their Locker by Mine site located near Sudbury, Ontario, Canada.

First Nickel is one of Canada's premier nickel/copper explorers with resources identified exceeding 170 million pounds of nickel.

First Nickel has successfully increased the "probable reserves" at its Lockerby Mine five-fold since it was acquired from Falconbridge in 2005. A February 2009 feasibility study on the mining of the Lockerby Depth by Genivar Limited Partnership estimates metal production totaling 51.7 million pounds payable nickel, 34.4 million pounds payable copper and 1.0 million pounds of payable cobalt.

Jim Taylor, Chief Executive Officer for Nordex, stated "First Nickel is another exciting opportunity for Nordex as it will be our first underground mining client in the Sudbury region. We hope this will open up other new opportunities in this region as we continue to expand our radius of operations. We are committed to our philosophy of providing quality products, competitive pricing and the best customer service and technical support to the mines we service."

The agreement is for a period of six years subject to both parties meeting their contractual obligations. Under the terms of the agreement, there is no minimum volume or dollar commitment and resulting explosive sales will be a function of the operating activities of First Nickel Inc.


LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex trades on the TSX Venture Exchange under the symbol "NXX".


Additional Information relating to the Company is available on SEDAR at

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