ASKER, NORWAY: Green Minerals AS has entered a framework settlement with a global battery manufacturer. The settlement involves geological and engineering support associated to topics inside key battery metals. The framework settlement commences in Q4 2022 and can initially final through Q2 2023.
As a half of the agreement, the Company will acknowledge its first income in Q4 2022. This represents a deviation from the unique guidance given on the time of itemizing on Euronext Growth, the place the primary income was anticipated to be acknowledged in 2026. Revenue under the settlement is anticipated to be small.
“This settlement testifies to the technical and scientific competence at Green Minerals. We are happy to have achieved this recognition with a possible client on the forefront of technological development inside the battery industry.
We believe partnerships and cooperation throughout the entire worth chain are the most efficient way to solve the colossal task of sourcing critical minerals wanted for the inexperienced energy transition in a sustainable manner. Green Minerals seeks to be on the forefront of this development”, feedback Ståle Monstad, CEO of Green Minerals AS.