Next phase of the company's development
Scandinavian Ocean Minerals AB ("SOM") is currently conducting a strategic funding round to support the next phase of the company's development and permitting activities.
SOM is a long-term industrial project with a defined permitting pathway, government-approved exploration rights, and significant strategic potential within the European critical raw materials sector. The company is seeking investors who understand both the scale of the opportunity and the long-term nature of industrial project development.
SOM currently holds exclusive exploration rights approved by the Swedish Government across four areas in the Bothnian Bay. The company has developed a proprietary low-emission harvesting concept, and its manganese deposits are supported by historical and modern sampling data. The permitting process continues to advance according to plan.
As the project progresses toward exploitation permit applications, we believe SOM will attract increasing interest from industrial, commodities, and strategic raw material stakeholders. Demand for secure European sources of critical minerals continues to strengthen, particularly across battery, steel, and industrial supply chains.
Early-stage participation in strategic mineral projects with defined permitting progress remains relatively rare in Europe. We believe SOM represents a unique opportunity to participate in the development of a future European supplier of manganese and other strategic minerals.
Interested investors are encouraged to contact the company for further information regarding the current funding round.
We will continue to provide updates as the permitting and development process advances.
Fredrik Eide
Chief Executive Officer
Scandinavian Ocean Minerals AB
Peter Lindberg, vd SOM AB
peter.lindberg@som-ab.se, +46(0)73-617 95 20
Peter Lindberg, vd SOM AB
peter.lindberg@som-ab.se, +46(0)73-617 95 20
Peter Lindberg, vd SOM AB
peter.lindberg@som-ab.se, +46(0)73-617 95 20
1.
On the Bothnia Bay seafloor lies small potato-sized lumps – nodules – that contain minerals. In the Baltic Sea lies sediments.
2.
Via an air-lift technique, developed by Scandinavian Ocean Minerals, the seafloor is gently harvested for nodules or bottom sediment.
3.
On board the ship, nodules are filtered or, if sediment centrifuged
4.
Water and material that is not used is returned directly to the seafloor, which becomes oxygenated in the process.
5.
Nodules and sediment are transported to land where nodules are refined into, among other things, manganese, iron, silicon (used for batteries, solar cells and semiconductors) while sediment becomes biogas, hydrogen gas or green coal (used for fossil-free steel).