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Financing
We are in constant communication with the various entities in our evolving ecosystem regarding the development of our assets.
And we are energised by many opportunities that are close to fruition; these will bolster the value of our business and provide the capital firepower to turn our vision into reality.
European Raw Materials Alliance (ERMA)
As well as our engagements with individual partners, we have also attracted the interest of the European Raw Materials Alliance.
ERMA was launched by the European Commission in 2020, with the goal of securing access to Critical Raw Materials. In 2023 the Alliance announced it will support our plans to explore and produce phosphate, vanadium and titanium in Norway.
The company is in discussions for grant funding for a significant portion of the initial project capital requirements.
The area’s large deposits of high-grade raw materials, and the company’s core focus on sustainable and responsible mining, make the project fully aligned with ERMA’s vision, as it contributes to ensuring reliable, secure, and sustainable access to raw materials as key enablers for a globally competitive, green, and digital Europe.”
European Raw Materials Alliance
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