Stockholm - Delayed Quote • SEK Minesto AB (publ) (MINEST.ST) Follow Compare 2.4350 +0.0750 (+3.18%) At close: January 3 at 5:29:55 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Video: CEO presentation at Minesto's Capital Market Day 2024 A presentation was delivered by Minesto CEO, Dr Martin Edlund, on the technology, the way forward, as well as Minesto's work in realising the first tidal energy dragon farm in Hestfjord, Faroe Islands. Minesto completes Hestfjord Dragon Farm specification based on Dragon 12 achievements After successful commissioning and four months of grid connected operation with Dragon 12, this autumn Minesto has focused on evaluation of powerplant performance, analysis of critical technical systems and operating procedures, as well as identification of selective upgrades of the megawatt-scale power plant. An integral part of this work is a third-party technology review performed by independent expert DNV. In parallel, further site development work to assess and compare tidal flow conditions Minesto capital market day 11 December 2024 - program update Due to the high interest in Minesto's capital market day in the company's workshop facilities in Gothenburg, the company extends the day's programme - the workshop will stay open for an additional hour after completion of the stage programme at 16.00. Attendees will get the opportunity to walk around the workshop and visit stations showcasing various facets of the company. Kindly note that registration is compulsory for attending Minesto's capital market day - registration is open until Monday, Invitation to Minesto capital market day Minesto, leading ocean energy developer, welcomes investors, analysts and media to a capital market day on 11 December 2024, 14.00-16.00 at Minesto's premises in Gothenburg, Sweden. Minesto CEO Dr Martin Edlund will present the company's way forward. Minesto presents at global climate change meeting COP29 in Baku, Azerbaijan Minesto, leading ocean energy developer, is part of the official Swedish business delegation to United Nation climate change conference COP29, taking place in Baku, Azerbaijan. On "Energy Day" on 15 November, Minesto will host a session on the role and importance of innovation in tackling climate change. Mr Daniel Westlén, State Secretary to Swedish Minister for Climate and the Environment, will take part in the session. Minesto takes part in high-level energy transition conference and exhibition, Enlit Europe 2024, in Milan Minesto is participating in one of the biggest international energy conferences, Enlit Europe 2024 taking place in Milan. The exhibition and conference, hosting 700+ international best-in-class technologies supporting energy transition, is held at Fiera Milano di Rho in Milan, Italy this year from 22 - 24 October. First-of-a-kind tidal dragon farm in the Faroe Islands moves forward In the North Atlantic, leading ocean energy developer Minesto is moving forward with the pioneering build-out of a tidal energy site. The Hestfjord Dragon Farm is a first-of-a-kind tidal energy array with Minesto Dragon 12-kites with a total capacity of 10 MW in a first phase. Following the successful utility-scale installation of the Dragon 12 in Vestmanna and corresponding interest by various parties in the technology, Minesto assigns strategic advisor Ernst & Young (EY) to the unique Dragon F Minesto publishes Half-Year Report 2024 CEO Dr Martin Edlund: "Minesto's second quarter has been characterised by business development driven by the success of Dragon 12" and "We have an ambitious autumn and winter ahead of us." Project update Vestmanna: Service and inspection of Dragon 12 - demonstration site attracting international study visits After four months of grid-connected operation, the Dragon 12 was recovered successfully on the 6th of June for onshore inspection and maintenance program. This is the first inspection of the unit, covering all systems and components. The Dragon 12 will be reinstalled when these activities are completed. Minesto and Sev renew and update Power Purchase Agreement - underlining the value of tidal energy in the Faroese energy mix Leading ocean energy developer Minesto and pioneering Faroese utility company Sev have jointly renewed and updated the power purchase agreement (PPA). The price-level is adjusted to denote the total system value of tidal energy in the future 100% renewable energy mix in the Faroe Islands. Report from Annual General Meeting 2024 of Minesto AB The Annual General Meeting of Minesto AB was held today, May 22, 2024, at Hotel Riverton at Badhusgatan 26 in Gothenburg. Chairman of the Annual General Meeting (the "AGM") was Eric Ehrencrona from MAQS Advokatbyrå. Minesto presents performance data from Dragon Class starting at Annual General Meeting today In today's presentation at the AGM (Annual General Meeting), Minesto shares Dragon Class performance data based on accumulated analysis of Dragon 4 power production curve and verified simulation modelling. The data plays a key role in third-party technical feasibility evaluations and in calculating yearly yields for investment proposals at specific site locations. Minesto's former chairman and entrepreneurial investor Bengt Adolfsson retires After thirteen years as a member of the board, and four years as Chairman of Minesto, illustrious investor Bengt Adolfsson, has decided to retire. Git Sturesjö Adolfsson, as the CEO of BGA Invest, remains on the board and continues to actively contribute to Minesto's development and success. First three-month milestone of trouble-free Dragon 12 testing reached - generating valuable data on performance and robustness Minesto, leading ocean energy developer, today announces that for three months, since its initial installation in February 2024, the tidal kite Dragon 12 has been successfully grid connected and delivers as expected at the site in Vestmanna. In addition, for the first time, an array of tidal kites is in operation - the 1.2 MW D12 and one 100kW D4, adding valuable production data for array build-out. The data being generated underlines commercial readiness of Dragon Class systems and the continue Notice to attend the annual general meeting of Minesto AB The shareholders of Minesto AB (publ), reg. no. 556719-4914 ("Minesto" or the "Company"), are hereby given notice to attend the Annual General Meeting to be held on Wednesday 22 May 2024 at 10 a.m. at Hotel Riverton at the address Stora Badhusgatan 26 in Gothenburg. The entrance opens and the registration starts at 9.30 a.m. Minesto announces the final outcome of the company's rights issue On 2 April 2024, Minesto AB (publ) ("Minesto" or the "Company") announced the preliminary outcome of the Company's rights issue of up to 13,394,391 units, consisting of three (3) shares and one (1) warrant of series TO4 in the Company each (the "Rights Issue"). The Company has received the final outcome of the Rights Issue, which is identical to the preliminary results, which concludes that 6,527,171 units, corresponding to approximately 48.7 percent of the Rights Issue, have been subscribed for Minesto announces preliminary outcome of the company's rights issue Minesto AB (publ) ("Minesto" or the "Company") announces the preliminary outcome for the Company's rights issue of up to 13,394,391 units, consisting of three (3) shares and one (1) warrant of series TO4 in the Company each (the "Rights Issue"), for which the subscription period ended today, 2 April 2024. The preliminary outcome indicates that 6,527,171 units, corresponding to approximately 48.7 percent of the Rights Issue, have been subscribed for with the support of unit rights. Additionally, Minesto's CEO comments on the ongoing Rights Issue and the commercial agenda Minesto's CEO Dr Martin Edlund today comments on the ongoing Rights Issue. In addition, Martin Edlund is taking part in today's episode of podcast "Aktiepodden" by Aktiespararna, where he talks about the company and answers questions related to the Rights Issue. Minesto welcomes enhanced cooperation between European Union and the Faroe Islands Minesto, leading ocean energy developer, welcomes the newly signed Memorandum of Understanding (MoU) on Enhanced Cooperation between the Government of the Faroe Islands and the European Union. The enhanced cooperation opens for strengthened business and public funding opportunities for Minesto, proposing 200 MW tidal energy buildout to support Faroe Islands in reaching 100% renewables by 2030. Minesto publishes prospectus in connection with the rights issue On 26 February 2024, Minesto AB (publ) ("Minesto" or the "Company") announced that the Board of Directors, conditional on the subsequent approval of an extraordinary general meeting, had resolved on a rights issue of units, consisting of new shares and warrants, of approximately SEK 120.5 million (the "Rights Issue"). The extraordinary general meeting on 14 March 2024 approved the Rights Issue, which the Company announced the same day. Today, Minesto announces that the prospectus relating to the Performance Overview Trailing total returns as of 1/3/2025, which may include dividends or other distributions. Benchmark is OMX Stockholm 30 Index Return MINEST.ST OMX Stockholm 30 Index YTD +3.18% +1.14% 1-Year -71.18% +4.86% 3-Year -86.73% +3.79%