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The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, has seen construction costs soar to NOK 995 million, more than double the original estimate of NOK 445 mi ...

Now, the total investment amount for its fish farm project in Rødøy is estimated to amount around MNOK 995.

Delayed delivery due to the late start-up of the facility seems to cause a lower quality over the second delivery smolt.

"Unfortunately, 20,000 fish have died after being released. Primarily, these come from the second of two smolt deliveries."

The initial release of 640,000 smolts, averaging approximately 100 grams each, was successful, but the second delivery experienced "significant mortality".

Norwegian flow-through salmon company releases its third quarter report, saying Phase 1 completion date is now expected during Q4 2023.