Polar Resources AsOSL: POLAR

POLAR: Net loss of NOK 4,082,239 in 2024, with operations reliant on new funding and license portfolio reshuffle

· Issued by Polar Resources AS

No revenue was generated in 2024, with a net loss of NOK 4,082,239 and negative equity at year-end. The company terminated a major acquisition, wrote off related costs, and shifted its exploration focus to new licenses in Central Norway, while facing material uncertainty regarding its ability to continue as a going concern.

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