Key points
- Green Minerals AS signed a letter of intent with a consortium led by Oil States Industries (UK) Ltd.
- The LOI covers a FEED study for a turnkey Harsh Environment Deep Sea Mining System (HEDSMS).
- The system is planned for a long term contract for exclusive use within Norwegian jurisdiction under the Seabed Minerals Act of 2019.
- Green Minerals anticipates first ore from its planned pilot in 2026, targeting copper, cobalt, nickel and rare earth elements.
Green Minerals AS (“The Company”) today announces a letter of intent (“LOI”) with a consortium led by Oil States industries (UK) Ltd to collaborate on a FEED study for a turnkey Harsh Environment Deep Sea Mining System (HEDSMS) against a long term contract for exclusive use within Norwegian jurisdiction as defined by the Seabed Minerals Act of 2019.
The Company anticipates first ore under it`s planned pilot in 2026. The recovered ore is expected to contain significant grades of minerals needed for the green shift, such as copper, cobalt, nickel and rare earth elements (REE)
