Green Minerals — M&A Activity 2021

Mar 23, 2021

Green Minerals AS signs LOI with OSI

Green Minerals AS signs LOI with OSI

Green Minerals AS (“The Company”) today announces a letter of intent (“LOI”) with a consortium led by Oil States Industries (UK) Ltd to collaborate on a FEED study for a turnkey Harsh Environment Deep Sea Mining System (HEDSMS) against a long term contract for exclusive use within Norwegian jurisdiction as defined by the Seabed Minerals Act of 2019.

The Company anticipates first ore under it`s planned pilot in 2026. The recovered ore is expected to contain significant grades of minerals needed for the green shift, such as copper, cobalt, nickel and rare earth elements (REE)

Contacts:

Ståle Rodahl

Executive Chairman

Ph: +47 4840 0593