Key points
- Green Minerals raised 11 million crowns in an oversubscribed equity issue and cut its quarterly cash run rate by approximately 80%, extending the company’s runway to around 5 years.
- The company extended its memorandum of understanding for a Clarion-Clipperton Zone license until 2027; the license covers more than 200 million tons of wet nodules with $40 million of exploration already invested.
- Norway allocated 150 million crowns to seabed mineral exploration in its 2025 budget, five times previous years, with the first licensing round award expected in the second quarter of 2026.
- Executives cited pre-tax cash return on investment of more than 300% per year and a payback period under 4 months for a single production system, based on roughly 1.5 million tons of ore and 70,000-75,000 tons of copper produced annually.
