Brief: Atlantic Sapphire Says Upsizing Of U.S. Phase 2 Expansion

Atlantic Sapphire ASA

28/01/2021 17:55

Jan 28 (Reuters) - Atlantic Sapphire ASA  ATLH.OL :
    * UPSIZING OF US PHASE 2 EXPANSION; FARM CREDIT
    * PLANS TO UPSIZE ITS US 'PHASE 2' EXPANSION OF MIAMI
BLUEHOUSE
    * ATLANTIC SAPPHIRE - FIRST FISH IS EXPECTED TO BE STOCKED
INTO
NEW PHASE 2 FACILITY IN 2022, WITH INCREASED HARVEST VOLUMES
STARTING IN 2023
    * ATLANTIC SAPPHIRE -INCREASING ANNUAL PRODUCTION, HARVEST
VOLUME
OF COMBINED PHASE 1, 2 BY ABOUT 18,500T RLW (15,000T HOG) TO
30,000T RLW (25,000T HOG)
    * ATLANTIC SAPPHIRE - PHASE 2 WILL BE INTEGRATED WITH PHASE
1
PRODUCTION
    * ATLANTIC SAPPHIRE - CO IS CURRENTLY WORKING ON DESIGN,
CONSTRUCTION PLAN AND BUDGET FOR EXPANSION AND EXPECTS TO
ANNOUNCE MORE DETAILS IN Q2 2021
    * ATLANTIC SAPPHIRE - CO IS PLANNING TO SYNDICATE ADDITIONAL
PORTIONS OF FACILITIES ONCE FINAL BUDGET AND CONSTRUCTION
TIMELINE FOR PHASE 2 IS COMPLETED
    * ATLANTIC SAPPHIRE  - COMPANY'S EXISTING US$150 MILLION
CREDIT
FACILITY HAS BEEN INCREASED TO US$200 MILLION

Source text for Eikon:  ID:nObi0zTBHa 
Further company coverage:  ATLH.OL 

 ((Reuters.Briefs@thomsonreuters.com;))