Green Minerals Exercises on Put Option Agreement with LDA
Green Minerals Exercises on Put Option Agreement with LDA
3.7.2025 12:24:09 CEST | Green Minerals AS | Additional regulated information
required to be disclosed under the laws of a member state
Oslo, 3 July 2025 - Reference is made to the 2 July 2025 press release regarding
an agreement with LDA Capital. Green Minerals AS ("the Company") today announces
that it has exercised its previously agreed put option agreement with LDA
Capital Limited ("LDA"). This move represents the next step in the Company's
Bitcoin Treasury Strategy, as first outlined in its 23 June 2025 press release.
Shares under the agreement has been made available by some of the largest
shareholders in the Company.
Upon execution of the put option, Green Minerals has initiated the 30-day
pricing period stipulated under the financing agreement. Pricing is a function
of the VWAP of the Company's shares during the period, and pricing and volume
will be calculated and announced upon its expiry. Maximum volume and minimum
price are at the Company's discretion. Upon completion of this process, the
relevant number of Green Minerals shares will be issued to LDA at the relevant
price. Proceeds will be used to build on the Company's deep sea mining and
Bitcoin Treasury strategies.
"As we pursue a multi-pronged strategy for financial resilience and value
creation-including our commitment to blockchain and Bitcoin exposure-this
transaction reflects our disciplined approach to capital formation," said CEO
Øivind Dahl-Stamnes. "The collaboration with LDA Capital provides us with
flexible financing to support our long-term project roadmap."
This development follows Green Minerals' recently announced Bitcoin Treasury
Strategy. The strategy aims to support its deep sea mineral production
objectives by mitigating fiat currency risk.
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
* Investor Relations, Green Minerals AS, [email protected]
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/17848272/18590484/6278/Download%20announce
ment%20as%20PDF.pdf