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The company intends to use the funds to pay for a new production unit at subsidiary Sashimi Royal, as well as convert Fredrikstad Seafoods to yellowtail
The recently resigned NRS CEO Charles Hostlund will be available to the board and the management team at NRS through the transition.
After a spate of delays, the launch of the salmon farmer's first sea cage -- built together with Aker Group -- went as planned.
"The first cage is being finished and soon it will be on its way to Norway," said NRS CEO Charles Hostlund during the company's digital presentation of the quarterly report on Tuesday, adding that the first harvest is planned for the first half of 2022. There is a total increase in the investment framework for the project of NOK 150 million (€14.7 million/$17.7 million), added Ola Loe, CFO of the company. NRS expects to produce between 4,000 and 5,000 metric tons of fish in Arctic Offshore Farming in the development phase. "But when we get it converted over to the usual license, we expect ...