Reference is made to the 20 January 2023 press release regarding Green Minerals (“the Company”) Memorandum of Understanding (“MoU”) for a license in the Clarion Clipperton Zone (“CCZ”). The Company is pleased to announce that it has signed an extension of the MoU, enabling the Company to obtain its first license for marine minerals.
The license is in the CCZ in the Pacific Ocean and preliminary assessment of the resource base is encouraging. Exploration data indicates a significant resource on a global scale with more than 200 Mt of measured, indicated and inferred wet nodules combined over the license area. “With this agreement, the Company extends its partnership with a competent and renowned international license holder to further develop a license in one of the most prospective resource areas in the world” commented Ståle Rodahl, Executive Chairman of Green Minerals. The MoU has been extended until 2027.
