An announcement from Vow Green Metals AS ( (DE:9G5) ) is now available.
Vow Green Metals has made significant progress in the second half of 2024, particularly with the development of their large-scale Hønefoss facility, securing NOK 344 million in green loan debt financing, and signing a supply agreement with Outokumpu, ensuring 100% offtake from the plant. The company is also pursuing strategic and financial options to secure long-term financing, with promising dialogues expected to conclude by May 2025. Despite recording an operating loss of NOK 17.7 million in the second half of 2024, Vow Green Metals continues to advance its projects, including the Eiktyr project and the Viken Park project, positioning itself as a leader in the biocarbon industry.
More about Vow Green Metals AS
Vow Green Metals is a company focused on accelerating the transition to renewable materials by producing biocarbon and other carbon-neutral products for hard-to-abate industries. They aim to replace fossil-reduction agents in the metallurgical industry through biocarbon production plants utilizing pyrolysis technology. The company is building a new biocarbon industry with the support of its largest shareholder and technology partner, Vow ASA.
YTD Price Performance: 148.00%
Average Trading Volume: 11,539
Technical Sentiment Consensus Rating: Buy
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