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Gigante Salmon AS ( (DE:96M) ) just unveiled an announcement.
Gigante Salmon AS has identified improvement measures during its trial production in pool A, leading to an increase in the forecasted development cost beyond previously established financing. A shareholder loan of up to NOK 50 million has been arranged with the main shareholder, Gigante Havbruk AS, to support the final phase of development. The company has successfully harvested from pool A, updating its expected slaughtered volume for the second quarter to 650 tons HOG, with 90% of the fish at superior quality. The facility is on track for full capacity by 2028, with plans to release 2.2 million smolt in the third quarter of 2025.
More about Gigante Salmon AS
Gigante Salmon AS is a land-based salmon farming company developing its first facility in Rødøy municipality. The company utilizes a flow-through aquaculture system that combines the benefits of both conventional sea-based and land-based farming, while addressing challenges associated with traditional sea farming.
Average Trading Volume: 22,099
Current Market Cap: NOK1.38B
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