Billion NOK Investment in New Factory Facilities - Press Release

Thorium Norway AS has today announced plans for significant investments in new factory facilities in Norway. This press release, distributed through NTB (Norwegian News Agency), outlines the company's ambitious plans for growth and development.

Key Points

Thorium Norway AS is planning billion NOK investments in new factory facilities in Norway
The company aims to develop new industry to serve growing demand for Thorium (Th 232)
A factory concept for 8 products targeting nuclear power and pharmaceutical industries has been established
The planned facility will have a production capacity of about 1200 tons of finished products per year
The company is currently seeking site locations for the factory establishment

Project Highlights

Collaboration with Bilfinger Tebodin Nederland and Norwegian Thor Energy AS on a feasibility study
Plans to manage low-radioactive material from the Fens field responsibly
Potential to be the first company to establish commercial operations based on residual minerals from the Fens field
The production facility is expected to be approximately 4500 m² with an additional 5500 m² raw material storage
Estimated workforce of about 75 permanent employees, including administration and research department

Further Information

For complete details on this announcement, including information about market prospects, raw material access, and subsidiary companies, please refer to the full press release:

Contact info

Albert Aasbø Jr.
Chairman, Thorium Norway AS
Tel: +47 934 48 290
Email: albert@thoriumnorway.com