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Annual Report 2023

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We proudly present our Annual Report 2023.

Some highlights:

  • We secured funding for further expansion through a capital-raise of NOK 300 million
  • We signed an agreement with AKVA group for delivery of RAS-technology for additional 4,000 tonnes HOG annual capacity
  • We received strong and important support from the local authorities for the construction and development of infrastructure for another 4,000 tonnes HOG capacity based on the same model as for the first 4,000 tonnes HOG
  • The company changed domicile to Norway as we believe that being a part of the seafood capital market cluster will make the share more attractive to seafood investors
  • We secured a financial buffer and flexibility with an additional NOK 100 million in equity

Over the coming twelve months we will be developing the second stage of our ESG strategy, this time taking a longer look into the future and ensuring that our ambition and values are reflected and well-integrated into our policies and the way we carry out our daily operations.

As per April 2024 our focus is to go from test-harvesting mode to gradually increase volumes to full scale production in May, and we remain committed to meeting our projected harvest volume of 3,400 tonnes HOG for the full year 2024.

“I am very excited about the next stage in Nordic Aqua’s journey, indeed” says Ragnar Joensen, CEO.

Read our annual report here