LAXEY

Over the past years, Maris has been a valuable partner for LAXEY’s borehole operations, providing essential data logging equipment, sensors, and expertise for our drilling research and upcoming operations at our full grow-out site. 🏗 📈 Our collaboration aims to further enhance the efficiency and effectiveness of our borehole operations by utilizing the right equipment for the tasks ahead. Marís brings extensive knowledge in pumps and related equipment, particularly in borehole and centrifugal pump systems.  🤝 We were delighted to host Hannes Kristinn Gunnarsson and Guðmundur Steinar Jóhannsson from Marís at our grow-out site to discuss future solutions and ideas. Their visit was both productive and enjoyable. We extend our gratitude for their valuable insights and ongoing collaboration. 

🙌 Our third batch has arrived   This batch consists of 900,000 salmon ova, representing 75% of our hatchery's capacity. As with previous batches, these ova have been sourced from Benchmark Genetics. 🤝 LAXEY now maintains biomass at three different stages: Hatchery, RAS 1, and RAS 2. We are pleased to report that all stages are performing very well. 👏 Looking ahead, our fourth batch is scheduled for later this year. This will be our first full-capacity batch, consisting of 1,200,000 salmon ova. This milestone will mark the commencement of full-scale production at all stages within our smolt station.

We are excited and happy about our partnership with DESMI and look forward to future meetings and collaborations 🤝

We are glad to announce that LAXEY has Successfully Completed €6 Million Equity Private Placement, bringing equity funding raised during 2024 to € 46 Million.   Biomass is thriving in the smolt station and construction is progressing according to plan. The additional capital raised will be utilized to accelerate growth by commencing construction of section 2 with another 4,500t HOG.   Arctic Securities acted as Sole Global Coordinator and Bookrunner in the private placement, with MAR Advisors acting as Financial Advisor to LAXEY. Link for the press release: https://lnkd.in/d__TQC4W

We are hiring Chief Financial Officer 🔎

This time of year, in Iceland is truly magical – the sun doesn't set until around midnight, giving us these incredible, extended daylight hours. Sunrise also comes early, around 3:00, so we have around 20 hours of daylight. This picture was taken 23:20 last night, shows the Grow out site, the sunset and a better glimpse of our town. 🌅✨

The first Grow out Tank   The first Grow out Tank has been successfully erected. 🏗 It was last week the work began to build the Tank, although work and preparations started last month to make sure everything went smoothly. Which it did, it took less than 4 days to assemble.  🛠 In total, there will be eight tanks erected this summer and fall.   💪

🇮🇸 Happy Iceland's National Day! 🇮🇸 Iceland formally became an independent republic on June 17, 1944. And since then, June 17 has been a national holiday in Iceland as we celebrate our national day. LAXEY óskar landsmönnum öllum, nær og fjær, til hamingju með daginn. 🇮🇸

LAXEY Partners with OXYMAT for Salmon Farming Oxygen Supply LAXEY has teamed up with Oxymat, Europe's largest supplier of PSA oxygen gas generators in Aquaculture. Oxymat will provide oxygen generators for LAXEY's grow-out site, essential for optimal salmon growth. This partnership follows Oxymat's success in similar projects in the Faroe Islands, reinforcing its role in supporting sustainable aquaculture. We were happy to get Kim Andersen on the Island to discuss the project better and consolidate our collaboration 🤝 . The partnership is done in collaboration with HD in Iceland. HD is one of the most powerful industrial & technical service companies in Iceland. 🛠 Hallgrímur Steinsson and Gísli Geir Tómasson, showed Kim around our facilities and the grow out site. With them on this visit were Þorvaldur Tolli Ásgeirsson and Hlynur Snær Sæmundsson from HD Technical Services.

Construction on the Grow – out site is going according to plan, and there is no better way to see the progress than with a drone fly-over.  🛸   🌊 The Effluent is in place  🐟 Post smolt tanks on its last steps  ⚡ The Power station on the grid, hence operational  🚰 Intake house being erected and work with the boreholes making good progress. 🕳 📈 Work and preparation for the Grow-out tanks started.   ⌛ Feeding station on the verge of completion