Oslo, Norway– 21 July 2024
Circa Group AS (ticker: CIRCA) has previously reported that the company requires approximately EUR 40 million in new capital to cover remaining capex and opex related to the construction and commissioning of the Resolute™ plant in North-East France to end 2025.
The current management has, following further developments in the project and the company’s business plan, reached the conclusion that the total need of additional capital is approximately EUR 60 million to cover the total estimated cost of completing the ReSolute™ project and other Circa Group costs up to end 2026.
The company’s management team and board of directors are diligently continuing their efforts to raise the needed additional funding to complete the project and will provide updates on the process in due time.
Investor Contact
Erik Berger
CFO
[email protected]