Yokohama, Japan / Bergen, Norway 15 November 2024.
Proximar is pleased to announce that it has agreed to sign a new loan agreement with a Japanese bank securing JPY 300 million (approx. NOK 22 million) in additional funds. The funds are to be used for working capital purposes and buffer liquidity. The loan, provided at attractive terms, matures on 31 August 2025. The loan is a credit facility which will be signed and available by the end of November.
For more information, please contact:
Joachim Nielsen, CEO, +81 70 2811 9898, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48 21 34 29, ocw@proximar.com
About Proximar Seafood
Proximar Seafood is a Norwegian land-based salmon farming company with its first production facility and production at the foot of Mount Fuji in Japan. The company inserted its first batch of eggs in October 2022 and carried out its first harvest on 30 September 2024. Proximar’s brand and logo (Fuji Atlantic Salmon) were officially launched in October 2024 at our partner Marubeni Corporation’s head quarter in Tokyo.
Through land-based salmon farming, using high-quality groundwater secured close to Mount Fuji, the company produces fresh Atlantic Salmon, harvested the same day. Proximar's location, near one of the world's most important fish markets, implies significant advantages, both in terms of reduced cost and carbon footprint.