Green Minerals AS: Blocks for 1st licensing round nominated

22 May 2024 11:52 CEST

22.5.2024 11:52:22 CEST | Green Minerals AS | Non-regulatory press releases

Oslo, Norway - 22 May 2024 - Reference is made to the 30 April 2024 press
release. Green Minerals AS ("the Company") is pleased to share that the Company
on May 21 submitted its nomination for blocks for the 1st licensing round for
marine minerals within the Norwegian Exclusive Economic Zone to the Norwegian
Offshore Directorate. The nomination encompassed all the various play models
within the opened acreage, including blocks in areas demonstrated to be highly
prospective.

The Company expects to submit its application for license in Q3 2024 with
licenses set to be awarded early in 2025.

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

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/17848272/3128/4516/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

619360_Download announcement as PDF.pdf