Green Minerals As · OSL:GEM
Green Minerals As — H1 2026 Earnings Presentation
17 slides from Green Minerals As's earnings presentation, Aug 20, 2026
Slide 1: 1H 2026 report and presentation
1H 2026 report and presentation Oslo, August 20, 2026 Ståle Rodahl, Executive Chairman
Slide 2: Disclaimer
Disclaimer • All statements contained in this presentation that are not statements of historical facts, including statements on projected operating results, financial position, business strategy, and other plans and objectives for future results, constitute forward-looking statements and are predict
Slide 3: Financial Highlights
Financial Highlights Key figures All figures in NOK '000 Half year* Full year* (except equity ratio) H1 2026 H1 2025 2025 2024 Revenues - - - 6 Operating expenses -1,917 -3,380 -4,039 -16,507 EBITDA -1,917 -3,380 -4,039 -16,501 EBIT -3,126 -3,380 -4,039 -16,501 Profit/(loss) -3,064 -3,311 -4,666 -16
Slide 4: 1H & subsequent highlights
Global DSM developments 1H 2026 • Historic USA - Japan agreement 19 March • REE in Minamitorishima 1H & subsequent • Japan validates 6000m depth extraction technology • Commercialization by 2028 • China increases mapping on borders same area highlights • • TMC application under US NOAA progressing t
Slide 5: The Geopolitics of Advanced Energy
THE GEOPOLITICS OF ADVANCED ENERGY cope BB OP O©GO E26 HE: Chile Peru China Chile China Korea Japan China US Korea China us EU Lilthium x. “_ & “& POLYSILICON SOLAR PANEL PV INSTALLATION Australia Chile China Chile = Neckel gy ® Hey Oe "OO 82S f China Korea Germany China Korea Canada China EU US Ind
Slide 6: A significant resource on a global scale
A significant resource on a global scale Metals NPD (tons) Global annual NPD/Global prod. production (Tons) Copper 38 100 000 21 000 000* 1.8x Gold 2 317 3 090** 0.8x Silver 85 200 24 000* 3.6x Cobalt 1 000 000 170 000* 5.9x 19.08.2026 6
Slide 7: First licensing round
First licensing round • 386 (complete or partial) blocks suggested for announcement • Public hearing deadline Sept 26th 2024 • All GEM priority areas in nomination included • WWF lost case against Norway on opening decision for DSM • Licence award TBA Areas suggested for Evaluate Evaluate Applicatio
Slide 8: Concept for SMS mining system in Norway
Concept for SMS mining system in Norway 19.08.2026 8
Slide 9: Superior key metrics disrupting the economics of traditional copper mining
SUPERIOR KEY METRICS DISRUPTING THE ECONOMICS OF TRADITIONAL COPPER MINING Economics Economics Environmental Environmental • No infrastructure investment needed • 90% • reduction in environmental 90% reduction footprint* in environmental footprint* • No infrastructure investment needed • CAPEX per t
Slide 10: Summary – building value while increasing runway
Summary – building value while increasing runway o Norway 9 January 2024 Parliament opening decision derisked business case o Current socialist Government delaying 1st license round o Norway world class resource a waiting game Production concept developed together with globally leading partners and
Slide 11: Q&A Thank you!
Q&A THANK YOU! 19.08.2026 11
Slide 12: Financials per 30 June 2026
Financials per 30 June 2026 19.08.2026 12
Slide 13: Consolidated interim statement of income
Consolidated interim statement of income Interim statement of income All figures in NOK '000 Half year* Full year* (except EPS) H1 2026 H1 2025 2025 2024 Revenues - - - 6 Personnel expenses -1,136 -2,281 -2,111 -4,896 Other expenses -781 -1,100 -1,222 -11,611 Total operating expenses -1,917 -3,380 -
Slide 14: Consolidated interim statement of financial position
Consolidated interim statement of financial position Interim statement of financial position All figures in NOK '000 Half year* 31 December* (except equity) H1 2026 H1 2025 2025 2024 ASSETS Non-current assets Bitcoin holdings 2,325 4,286 3,534 - Total non-current assets 2,325 4,286 3,534 - Current a
Slide 15: Consolidated interim statement of cash flow
Consolidated interim statement of cash flow Interim statement of cash flow All figures in NOK '000 Half year* Full year* H1 2026 H1 2025 2025 2024 Cash flow from operating activities Profit/(loss) before income tax -3,064 -3,311 -4,666 -16,529 Adjustments for: (Increase)/decrease in warrants - - - -
Slide 16: Selected notes and disclosures
Selected notes and disclosures Note 1: General information and basis for preparation. Green Minerals AS is a public limited liability company, incorporated and domiciled in Norway. The company’s registered address is Konglungveien 28B, 1392 Vettre. The quarterly accounts have been prepared in confor
Slide 17: Shareholders in Green Minerals as of August 2026
Shareholders in Green Minerals as of 17 August 2026 SHAREHOLDER OVERVIEW Name Number of shares Ownership TELINET INVEST AS 2,976,762 14.7% ANDERSON INVEST AS 1,912,059 9.5% NORDNET LIVSFORSIKRING AS 1,153,431 5.7% CLEARSTREAM BANKING S.A. 883,299 4.4% CHS Ventures Limited 830,602 4.1% Citibank, N.A.