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It was discovered by Samherji's staff who immediately informed about the smolts' escape to the Icelandic Food and Veterinary Authority.

Minority owners force receivership by Deloitte to enable the zero-discharge RAS facility to continue until next harvest, with 480,000 salmon still on-site.

At the end of Q1 2024, the land-based salmon producer had a standing biomass of 111.9 metric tonnes, up from 40.7 metric tonnes at the end of Q4 2023.

Through a Power Purchase Agreement (PPA), land-based salmon farming Laxey will become the first large end user in Vestmannaeyjar.

The land-based firm celebrates "significant milestone" as operational EBITDA for its farming segment breaks even for the first time. "We are on track for a very promising quarter," says CEO.

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