Green Minerals AS: MoU for first international licence

20 Jan 2023 08:30 CET

20.1.2023 08:30:02 CET | Green Minerals AS | Additional regulated information
required to be disclosed under the laws of a member state

Asker, Norway - 20 January 2023 - Green Minerals AS ("the Company") is pleased
to announce a Memorandum of Understanding ("MoU") enabling the Company to obtain
its first license for marine minerals. The license is located in the Clarion
Clipperton Zone ("CCZ") in the Pacific Ocean and preliminary assessment of the
resource base is very encouraging. Exploration data indicates more than 200 Mt
of measured, indicated and inferred wet nodules combined over the license area.
With this agreement, the Company enters into a 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.

The agreement represents a deviation from previous guidance as the Company with
this agreement is progressing as a license holder approximately one year earlier
than previously guided (2024). Further, the Company adds significant amounts of
key battery metals such as nickel and manganese to its stated ambitions of
copper and cobalt at the time of listing on Euronext Growth. The stated
ambitions on the Norwegian Continental Shelf ("NCS") are unchanged.

«We are thrilled to announce that Green Minerals with this agreement is en route
to partner in on a large license in the primary area of the CCZ. The location of
the license is exciting from a geological perspective, with large amounts of
«battery in a rock» polymetallic nodules having been identified. The strategic
implications of this agreement are significant for the Company ahead of the
anticipated opening of the NCS later in the year. The Company will seek to
broaden its mining portfolio further over the next few months to reduce risk and
enhance value creation. I would like to commend our CEO Ståle Monstad & team for
terrific work and look forward to continue this journey together in the years to
come», said Ståle Rodahl, Executive Chairman in Green Minerals.



DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

* Ståle Monstad, CEO, Green Minerals AS, +47 915 54 644,
staale.monstad@greenminerals.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/2040/2722/Download%20announcement
%20as%20PDF.pdf

More information:
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