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Icelandic land-based salmon farmer eyes early 2025 for €200m fundraise

The next stage of fundraising is due at First Water, which is striving for harvests of 50,000t HOG in 2031, and a new on-site processing facility

By Neil Ramsden | Dec. 4, 2024 09:18 GMT
Visualization of First Water's land-based salmon farm in Thorlakshofn, Iceland. Credit: First Water
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Icelandic land-based salmon farmer First Water has completed its due diligence on its next fundraising, with a view to raising €200 million ($209.7m) in equity early in 2025, executives told Undercurrent News during a visit to the Thorlakshofn site. [...]

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