Green Minerals AS: Third-Quarter Results 2022

28.10.2022 08:00:01 CEST | Green Minerals AS | Additional regulated information required to be disclosed under the laws of a member state

Asker, Norway – 28 October 2022 – Green Minerals AS (“the Company”) announced today results for the third quarter of 2022 which ended 30 September 2022.

Q3 HIGHLIGHTS:

  • Revenue of nil (nil prior year quarter)
  • EBITDA of NOK -0.6 million (NOK -2.4 million prior year quarter)
  • Signed MoU with a world class consortium led by OSI
  • Impact Assessment by NPD finished and public consultation until 27 January 2023 announced
  • Green Minerals presents preliminary results from our first research cruise at Geonova 2022
  • Promising results from the rock characterization study on Seafloor Massive Sulphides material from the Atlantic.
  • Integrating the comprehensive data package from NPD into our exploration framework
  • Norwegian authority’s opening process is still on track and time
  • Longer term market outlook for key battery metals remains robust

Please find the full report and a presentation attached.

 

AUDIOCAST INFORMATION:
Date: 28 October 2022
Time: 10:00 CEST

A live audiocast held by Green Energy Group (Seabird Exploration Plc), the parent company of Green Minerals AS, will take place today at 10:00 CEST. This presentation will include a quarterly update on Green Minerals AS. There will be a Q&A session at the end of the presentation, and written questions can be submitted through the audiocast solution. To join the live audiocast, follow the link below. Please note that a recorded version will be available shortly after the presentation by using the same link.

https://teams.microsoft.com/l/meetup-join/19%3ameeting_Zjk2ZTgzYjgtZTYwMC00ODhjLTliMWEtMmM0Yjk5MGI4OGJl%40thread.v2/0?context=%7B%22Tid%22%3A%2265f51067-7d65-4aa9-b996-4cc43a0d7111%22%2C%22Oid%22%3A%22564fb45b-e0eb-4105-8cee-b6bcdb2a390c%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a

 

Disclosure regulation

This information is subject to the disclosure requirements in article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

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About Green Minerals AS

Green Minerals AS is a pioneer in marine minerals on the Norwegian Continental Shelf. Our mission is to deliver minerals for the green energy transition in a responsible and sustainable manner, thereby lowering the environmental impact and reducing the social costs compared to onshore mining. The Company targets a NOK 1,000bn resource potential on the NCS and targets pilot production to commence in 2026. For more, visit www.greenminerals.no

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