Green Minerals AS: First licensing round

27 Jun 2024 07:15 CEST

27.6.2024 07:15:06 CEST | Green Minerals AS | Non-regulatory press releases

Oslo, Norway - 27 June 2024 - Reference is made to the Ministry of Energy's
press release on June 26, 2024. Green Minerals AS ("the Company") is pleased to
announce that all our prioritized areas submitted for nomination are included in
the proposed announcement for the first licensing round on marine minerals on
the Norwegian Continental Shelf. A total of 386 blocks are suggested for
announcement, with a public hearing deadline set for September 26, 2024. The
suggested acreage holds significant potential for large discoveries of
high-grade copper and other critical mineral deposits.

"We are pleased with the area the authorities have proposed. All of Green
Minerals' most prospective areas are included in the proposal. We take that as a
seal of quality of our work and look forward to the next steps," says Ståle
Monstad, CEO.

The Company expects to submit its license applications in Q1 2025 with awards
some time in 1H 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/17848272/18161165/4706/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

622520_Download announcement as PDF.pdf