Proximar Seafood AS (DE:84Q) has released an update.
Proximar Seafood AS, a Norwegian land-based salmon farming company, has secured JPY 1 billion in new loans from Japanese banks to bolster working capital and liquidity ahead of its first sales. The company is set to begin a trial-harvest by the end of September, with daily harvesting expected in the fourth quarter. Proximar aims to leverage its strategic location near Mount Fuji to reduce costs and carbon footprint in delivering fresh Atlantic Salmon to one of the world’s largest fish markets.
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