STATT – 3 new licenses at Rekvika

14 Jul 2022 18:45 CEST

Statt Torsk ASA has today been granted an increase from 3 to 6 licenses at
Rekvika. Maximum allowed biomass at Rekvika will be 4.680 tons.

“The increase of licenses at Rekvika from 3 to 6 gives us good opportunity to
continue our work for a cluster for cod farming in the Stad area and to achieve
our goals of sustainable and effective production. I am very happy that we are
given the opportunity to contribute more to the area by creating new and safe
jobs”, Leif Ronny Rætta, COO Statt Torsk ASA.

"A larger site will lower our capex as well as give Rekvika a better
profitability. The increase from 3 to 6 MAB will be implemented when ongoing
production is completed and will be ready for the 2nd production cycle", Bjug
Borgund, CFO Statt Torsk ASA.

The 2 existing sites in Stad municipality has now a total of 8 licenses. Statt
Torsk ASA targets 24 licenses at 4-6 sites for this cluster, and a total
production of 12.000 tons. STATT recently entered into a long-term processing
agreement for all production in 2022-2024 at Western Seaproducts AS in Vartdal.

About Statt Torsk ASA:
Statt Torsk ASA is listed on Euronext Growth Oslo with ticker “STATT” and with
operations in Stad municipality. The company produces and sells farmed Atlantic
cod. In 2016-2021, the company carried out three pilot productions to clarify
whether commercial production was possible. STATT is now in commercial
production with currently two sites with total 8 licenses in Vanylvsfjorden.

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