Vow Green Metals AS

Regulatory Filings • Mar 22, 2022

Updated on Follum plan progress

Updated on Follum plan progress

Oslo, 22 March 2022

With reference to the company’s stock market announcement dated November 4, 2021, the soil survey and stability assessments at Follum, where the company’s first biocarbon facility will be built, has been concluded. The report indicates that considerable measures are required to secure the area. Following this, the Board of Directors have decided to continue the evaluation of the alternative locations at the Follum site.

Studies of the alternatives are in process to determine the best location for the plant. This may impact the overall project, but it may also result in a more optimal industrial integration at the site. An update on the alternatives is expected in 2Q 2022.

As previously informed, Vow ASA is currently building the process equipment for the plant for delivery this year, and an agreement is in place with Lindum for feedstock deliveries. Letters of intent are in place with Vardar and Elkem respectively, for delivery of carbon neutral energy and advanced BioCarbon from the plant. The ongoing optimisation of the plant does not cause any changes to these agreements.

For more information, please contact

Cecilie Jonassen, CEO, Vow Green Metals AS

Tel: + 47 954 20 126

Email: cecilie.jonassen@vowgreenmetals.com

About Vow Green Metals

Vow Green Metals AS builds, owns, and operates plants that produce high value biocarbon for the metallurgical industry.

In order to decarbonise the metallurgical industry, there is a growing global interest in large scale pyrolysis plants, motivated by both environmentally friendly treatment methods for waste and for the production of biocarbon.

Vow Green Metals AS aims to provide solutions for the metallurgical industry and to meet the growing demand for industry decarbonising.

This information is subject to the disclosure requirements pursuant to the Continuing Obligations for Issuers of Shares in accordance with Oslo Rule Book II - Issuer Rules.