9.1.2024 15:20:12 CET | Green Minerals AS | Non-regulatory press releases
Oslo, Norway - 09 January 2024 - Green Minerals ("the Company") is pleased to
inform that the Norwegian Parliament today has voted to open for commercial
deep-sea mining activities within the Norwegian Exclusive Economic Zone ("EEZ").
The decision was backed by all major parties in Norway and marks a fundamental
step in the development of this new industry. The international society has set
ambitious climate goals for 2030 and 2050, and the predicted deficit of critical
minerals and metals is considered the main hurdle to reaching these goals.
Deep-sea mining has the potential to enable the needed shift from a fossil-based
energy system to an electrical one, in addition to significantly reducing the
supply risk of critical minerals.
"With this decision, we are excited to inform our shareholders that the first
important step has now been taken to realize the valuable real option the
Company has worked hard to deliver on these past few years. Further, we are
thrilled to see that the strategy of prioritizing Norway as our preferred area
is paying off. As a true pioneer and frontrunner in deep sea mining in Norway,
we firmly believe Green Minerals is in a strong position to win licenses later
in the year. We are steadfast in our focus to develop this USD 1,300 bn resource
as efficiently and environmentally friendly as possible, and with the
incomparably lowest use of capital", says Ståle Rodahl, Executive Chairman in
Green Minerals in a comment to the news.
Today's decision in the Parliament underlines the need for a stepwise approach
where we gather information on the resource base as well as the environment and
ecosystems from the beginning of the exploration phase. All gathered
environmental data are to be made publicly available to ensure the right
decisions and approach during subsequent phases. We firmly believe Green
Minerals can develop the best-regulated and most responsible mining operations
offshore Norway in close cooperation with Norwegian authorities.
We are ready and eager to embark on this journey.
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.
CONTACTS
* Ståle Monstad, CEO, Green Minerals AS, +47 915 54 644,
staale.monstad@greenminerals.no
ABOUT GREEN MINERALS AS
Green Minerals AS mission is to deliver minerals for the green energy transition
in a responsible and sustainable manner through deep sea mining of key minerals
and rare earth elements (REE). This significantly reduces the social and
environmental costs found in terrestrial mining while at the same time solving a
strategic need for EU and the USA. For more, visit www.greenminerals.no -
http://www.greenminerals.no
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/2848/3963/Download%20announcement
%20as%20PDF.pdf