Key points
- Revenue was nil in Q3 2022, unchanged from nil in the prior-year quarter.
- EBITDA improved to NOK -0.6 million from NOK -2.4 million a year earlier.
- The company signed a memorandum of understanding with a consortium led by OSI.
- Norway’s NPD completed its impact assessment, with public consultation open until 27 January 2023.
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.
Attachments
