Green Minerals AS to announce a Memorandum of Understanding ("MoU") enabling the Company to obtain its first license for marine minerals. The license is located in the Clarion Clipperton Zone ("CCZ") in the Pacific Ocean and preliminary assessment of the resource base is very encouraging. Exploration data indicates more than 200 Mt of measured, indicated and inferred wet nodules combined over the license area.

With this agreement, the Company enters into a partnership with a competent and renowned international license holder to further develop a license in one of the most prospective resource areas in the world. The agreement represents a deviation from previous guidance as the Company with this agreement is progressing as a license holder approximately one year earlier than previously guided (2024). Further, the Company adds significant amounts of key battery metals such as nickel and manganese to its stated ambitions of copper and cobalt at the time of listing on Euronext Growth.

The stated ambitions on the Norwegian Continental Shelf ("NCS") are unchanged.