Statt Torsk ASA has today entered into an agreement for sale of farmed cod. Deliveries will start in September and the content of the agreement means that approximately 1,600 tonnes WFE of initiated production has been sold. Expected value for the Company for this agreement is approximately MNOK 70.
Statt Torsk ASA has today entered into a NOK 35 million Overdraft Facility with a Norwegian bank at regular market terms. The facility will be used to finance the planned inventory building.
Statt Torsk ASA has today entered into a long-term agreement for the harvesting and processing of up to 3,500 tons of cod per year, with Western Seaproducts AS, a company owned by Måsøval AS, at the facility located at Vartdal.
The Statt Torsk board are pleased to announce the completion of a private placement of 41,4 MNOK, based on a share price of NOK 2,00.
Statt Torsk's production site Stokkeneset, which in the period February-April 2022 carried out a normal break after the previous production cycle, was set in first commercial operation on Saturday 23 April 2022 with, initially, 100,000 fish. The site is expected to be in full operations this summer.
Statt Torsk AS has today entered into a long-term agreement for the handling and processing of up to 3,000 tonnes of cod per year.
After 6 years of small-scale pilot projects at Stokkeneset, Statt Torsk is well underway with full-scale production at Rekvika in Vanylvsfjorden
A new frontier for Norwegian aquaculture
In the deep, clean fjords along the Stad peninsula, Statt Torsk will forge a new frontier for Norwegian aquaculture by farming cod. We will lead the way in developing a new, sustainable industry based on selling high-quality products to markets in Norway and the world.
The world must have food – and people want cod
Currently, fish and marine species only cover 2% of humanity’s food requirements. With the world’s population growing rapidly, we need to think in new ways. Cod has every opportunity to make an important contribution, and aquaculture is the way for it to maximise its impact.