Announcement • Jan 26
Green Minerals AS, Annual General Meeting, May 22, 2026 Green Minerals AS, Annual General Meeting, May 22, 2026. Announcement • Jun 18
Green Minerals Approves the Election of Maxime Lesage to the Board of Directors The annual general meeting of Green Minerals AS was held on 17 June 2025. The shareholders approved the election of Mr. Maxime Lesage to the board of directors. New Risk • May 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr17m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr17m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (kr6.0k revenue, or US$577). Market cap is less than US$10m (kr50.3m market cap, or US$4.84m). New Risk • Mar 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings are forecast to decline by an average of 50% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (kr6.0k revenue, or US$568). Market cap is less than US$10m (kr54.5m market cap, or US$5.16m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr43m net loss in 2 years). Announcement • Mar 13
Green Minerals AS has completed a Follow-on Equity Offering in the amount of NOK 11 million. Green Minerals AS has completed a Follow-on Equity Offering in the amount of NOK 11 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: NOK 2
Transaction Features: Rights Offering Recent Insider Transactions • Mar 11
Board Member recently bought kr68k worth of stock On the 6th of March, Hans Christian Anderson bought around 30k shares on-market at roughly kr2.25 per share. This transaction increased Hans' direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr144k more in shares than they have sold in the last 12 months. Announcement • Feb 19
Green Minerals AS has filed a Follow-on Equity Offering in the amount of NOK 11 million. Green Minerals AS has filed a Follow-on Equity Offering in the amount of NOK 11 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,500,000
Price\Range: NOK 2
Transaction Features: Rights Offering New Risk • Sep 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 57% per year for the foreseeable future. Revenue is less than US$1m (kr6.0k revenue, or US$572). Market cap is less than US$10m (kr103.3m market cap, or US$9.85m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr34m net loss in 2 years). Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Price Target Changed • Aug 15
Price target decreased by 11% to kr16.00 Down from kr18.00, the current price target is provided by 1 analyst. New target price is 145% above last closing price of kr6.52. Stock is up 65% over the past year. The company is forecast to post a net loss per share of kr0.85 next year compared to a net loss per share of kr0.78 last year. New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 49% per year for the foreseeable future. Revenue is less than US$1m (kr6.0k revenue, or US$548). Market cap is less than US$10m (kr105.0m market cap, or US$9.59m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr28m net loss in 2 years). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). New Risk • May 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 49% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 49% per year for the foreseeable future. Revenue is less than US$1m (kr6.0k revenue, or US$567). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr28m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr111.4m market cap, or US$10.5m). New Risk • May 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr8.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr8.9m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (kr6.0k revenue, or US$558). Market cap is less than US$10m (kr96.5m market cap, or US$8.97m). New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 35% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Revenue is less than US$1m (kr206k revenue, or US$19k). Minor Risk Market cap is less than US$100m (kr123.6m market cap, or US$11.3m). New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Revenue is less than US$1m (kr206k revenue, or US$19k). Market cap is less than US$10m (kr59.7m market cap, or US$5.40m). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Breakeven Date Change • Aug 24
Forecast breakeven date pushed back to 2024 The analyst covering Green Minerals previously expected the company to break even in 2023. New forecast suggests losses will reduce by 19% to 2023. The company is expected to make a profit of kr72.0m in 2024. Average annual earnings growth of 2.3% is required to achieve expected profit on schedule. New Risk • Jun 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 61% per year for the foreseeable future. Revenue is less than US$1m (kr206k revenue, or US$19k). Market cap is less than US$10m (kr49.2m market cap, or US$4.57m). Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Breakeven Date Change • Apr 26
Forecast to breakeven in 2023 The analyst covering Green Minerals expects the company to break even for the first time. New forecast suggests the company will make a profit of kr58.0m in 2023. Announcement • Jan 02
Green Minerals AS to Report Fiscal Year 2022 Results on Apr 21, 2023 Green Minerals AS announced that they will report fiscal year 2022 results on Apr 21, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
