Green Minerals AS, a company focused on deep-sea mining and sustainable mineral extraction, has announced the signing of a structured financing agreement with LDA Capital worth 250 million Norwegian crowns.
Financing Agreement
Currently, Green Minerals has signed a 12-month agreement with LDA Capital that allows the issuance of new shares depending on market conditions. This structure aims to protect investor value and prevent unnecessary dilution of shares.
Flexibility and Sustainability in Market Conditions
Chairman of Green Minerals Ståle Rodahl stated: "In volatile market conditions, flexibility and sustainability are key factors. This financing model offers us strategic leeway in our goal of increasing our shares per Bitcoin ratio."
Future Steps for Green Minerals
Green Minerals has indicated it will only disburse funds in installments under favorable market conditions, and will decide the timing and amount of each disbursement at its sole discretion. The company will also inform the public about any additional financing agreements in the future.
The agreement with LDA Capital highlights Green Minerals' readiness to adapt to market changes and utilize innovative strategies in the digital asset space.
