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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Green Minerals
Green Minerals (GEM) investor relations material
Green Minerals Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary20 Aug, 2026
Executive summary
EBIT loss for H1 2026 was NOK 3.1 million, with non-cash items related to Bitcoin and options.
Report covers H1 2026, highlighting continued development in deep-sea mineral (DSM) extraction and strategic positioning in the global critical minerals supply chain.
Focus on enabling the green shift through DSM resource development and advanced mining concepts.
Strategic review ongoing, involving multiple parties, with no assurance on outcome or timeline.
Business model leverages offshore oil & gas expertise for capital efficiency and reduced environmental impact.
Financial highlights
H1 2026 revenue was NOK 6,000, with operating expenses of NOK 1,917,000 and EBITDA of NOK -1,917,000.
EBIT for H1 2026 was NOK -3,126,000; net loss for the period was NOK -3,064,000.
Cash and cash equivalents at June 30, 2026, were NOK 3,138,000.
Equity ratio remained high at 94% as of H1 2026.
Net cash flow for H1 2026 was NOK -1,040,000.
Outlook and guidance
Commercialization of deep-sea mining technology targeted by 2028, with ongoing permitting and regulatory processes.
Norway's first DSM licensing round is pending, with public hearing deadline in September 2024 and license awards to follow.
Fully financed for all current plans, ready to act on Bitcoin treasury strategy if opportunities arise.
Off-take agreements expected closer to first ore production.
Optimistic about broadening the portfolio and value creation for shareholders.
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Latest events from Green Minerals
- Norway’s approval and SMS blendability advanced plans amid continued losses.GEM
Q4 2023 - Losses narrowed, cost cuts deepened, and strategic review continues amid political delays.GEMQ4 2025
- Financial runway extended and positioned for deep-sea mining growth with strong government backing.GEMQ2 2025
- Q3 2024: equity issue, SMD MoU, new sulphide find, losses widened, license awards expected.GEMQ3 2024
- All priority areas included for Norway's licensing, with NOK 3.7M loss and NOK 6.9M cash.GEMQ2 2024
- Cost cuts and NOK 11m equity raise secure runway; poised for deep-sea mining license growth.GEMQ1 2025
- EBITDA loss of NOK 2.6m; license round delayed, but cost cuts and rights issue extend runway.GEMQ4 2024
Next Green Minerals earnings date
Q4 20264 Feb, 2027
Green Minerals
Next Green Minerals earnings date
Q4 20264 Feb, 2027
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Frequently asked questions
Green Minerals AS is a Norwegian company focused on the exploration and mining of marine minerals on the Norwegian Continental Shelf. It provides offshore mining services, specializing in the extraction of deep-sea minerals and rare earth elements essential for industries involved in electrification and digitization. The company's primary activities include securing licenses for seabed mineral exploration and production, as well as developing systems for sustainable marine mining. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.