Green Minerals AS: Fourth-Quarter Results 2022

17 Feb 2023 08:00 CET

17.2.2023 08:00:01 CET | Green Minerals AS | Half yearly financial reports and
audit reports / limited reviews

Asker, Norway - 17 February 2023 - Green Minerals AS ("the Company") announced
today results for the fourth quarter of 2022 which ended 31 December 2022.

Q4 HIGHLIGHTS:

* Revenue of NOK 0.3 million (nil prior year quarter)
* EBITDA of NOK -4.0 million (NOK -4.5 million prior year quarter)
* Started up the work on a Concept study for "Harsh Environment Deep Sea Mining
System" through the consortium led by OSI.
* Signed a frame agreement with an international battery manufacturer.
* The public consultation on the Environmental Impact Assessment was closed on
27 January 2023
* NPD published its Resource Report for the Norwegian EEZ on 27 January 2023
* Norwegian authority's opening process is still on track and time
* Signed a MoU for a large polymetallic nodule license in the primary area of
the CCZ
* Longer term market outlook for key battery metals remains robust



Please find the full report and a presentation attached.



AUDIOCAST INFORMATION:
Date: 17 February 2023
Time: 10:30 CEST

There will be a Q&A session at the end of the presentation, and written
questions can be submitted through the audiocast solution. To join the live
audiocast, follow the link below. Please note that a recorded version will be
available shortly after the presentation.

https://forms.office.com/e/xy1xdbMQPk



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

* Sveinung Alvestad, Chief Finance Officer, Green Minerals AS, +47 952 90 460,
sveinung.alvestad@greenminerals.no

ABOUT GREEN MINERALS AS

Green Minerals AS mission is to deliver minerals for the green energy transition
in a responsible and sustainable manner through deep sea mining of key minerals
and rare earth elements (REE). This significantly reduces the social and
environmental costs found in terrestrial mining while at the same time solving a
strategic need for EU and the USA. For more, visit www.greenminerals.no -
http://www.greenminerals.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/2115/2839/Download%20announcement
%20as%20PDF.pdf

Q4 2022 Report Green Minerals AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/2115/2837/Q4%202022%20Report%20Gr
een%20Minerals%20AS.pdf

Q4 2022 Presentation Green Minerals AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17848272/2115/2838/Q4%202022%20Presentatio
n%20Green%20Minerals%20AS.pdf

More information:
Access the news on Oslo Bors NewsWeb site

582825_en_Q4 2022 Presentation Green Minerals AS.pdf
582825_en_Q4 2022 Report Green Minerals AS.pdf
582825_en_Download announcement as PDF.pdf