Vow Green Metals AS: NOK 20 million bridge financing secured

18 Feb 2025 22:15 CET

Vow Green Metals has secured a short-term loan of NOK 15 million with DNB ASA
and extended the duration of a NOK 5 million revolving credit facility (“RCF”)
with Sparebank 1 Sør-Norge ASA. The loan and RCF are guaranteed by Vow Green
Metals’ three largest shareholders, Vow ASA, Vardar AS and R Investment Company
AS. The guarantors will receive a 10 percent guarantee commission fee payable in
cash.
The above financing is a bridge financing to secure longer-term liquidity and a
strategic alternative for long-term funding, as previously announced.

ENDS

For further information, please contact:

Jan Halvard Aas Møller, CFO
Vow Green Metals AS
Tel: + 47 901 15 375
Email: jan.moller@vowgreenmetals.com

Cecilie Jonassen, CEO
Vow Green Metals AS
Tel: +47 954 20 126
Email: cecilie.jonassen@vowgreenmetals.com

About Vow Green Metals
Vow Green Metals’ strategy is to be a leading producer of biocarbon and other
carbon-neutral products that enable the green transition in hard-to-abate
industries. We are on a mission to accelerate the world’s transition to
renewable materials by offering green alternatives to replace fossil-reduction
agents in the metallurgical industry. The core of our business is to build, own
and operate biocarbon production plants using state-of-the-art pyrolysis
technology to turn biomass and biomass waste streams into our core product,
biocarbon. Our biocarbon production process also creates other valuable products
like bio-oil and bioenergy. With our standardized solutions, unique access to
proprietary technology, and a growing global pipeline of projects, we are
upholding our first-mover position in a growing market where speed and scale
will be determining factors. Vow Green Metals is building a new biocarbon
industry on the shoulders of its largest shareholder and technology partner, Vow
ASA, which provides access to competence and capabilities acquired through
decades of industrial innovation.
Read more: www.vowgreenmetals.com

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