Salmon Evolution Begins Phase 2 Construction

Salmon Evolution ASA (DE:60E) has released an update.

Salmon Evolution ASA has announced a successful private placement raising NOK 365 million and an increase in bank facilities by NOK 675 million, signaling the start of phase 2 construction at Indre Harøy with Artec Aqua and Hent. The company’s CEO highlighted the move as foundational for substantial profitable growth, aiming to create a strong cash-flow with significant annual investment capacity. Salmon Evolution is a global leader in land-based salmon farming, targeting major international expansion following their Norway proof of concept.

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