Targeting prodution of
20,000+ TONS (HOG) MOUNTAIN TROUT
in 3 stages

Staged business plan incorporating best-practices from Frya facility to create a Mountain Trout cluster:

FRya, GRANTED ~ 8,500 TONS (HOG)

First fish to market H2 2027.
Agreement Agreement with Frya Business Park secures approx. 75,000 sqm of land
Proximity to competence and markets – located next to main highway E6
Scope of license also includes Rainbow Trout and Atlantic Salmon
OPPDAL, PLANNED ~ 4,000 TONS (HOG)
Oppdal is a popular full-service community where easy to attract and retain qualified people.
Aquaculture license has been under processing since January 2020 and is expected to be in place by 2024
First fish to market H2 2029

Oppdal - Milestones & Progress:
2016: Land secured in Drivdalen with very supportive landowners, in the municipality of Oppdal.
2017: MNOK 1 received from Oppdal Municipality to support our groundwater extraction testing
2018: Broodstock program 100% owned by Driva Aquaculture in operation at Nofima R&D facility at Sunndalsøra
2019: Regulation plan for our Oppdal plant approved by Oppdal municipality
2019: Perpetual license granted by NVE (regulatory authority) for groundwater extraction/water intake wells
2020: Driva Aquaculture and AquaMaof enter a strategic partnership. AquaMaof will invest and become a partner in Driva Aquaculture
2020: After nearly 4 years of planning, preparation and hard work, the application for aquaculture license was filed and submitted on January 17th. The regulated processing time of such an application is 22 weeks.
2020-2022: Today, it is more than two years since the application was submitted.
2023-2024: Necessary permits and licenses to operate are expected to be on file.
Aquaculture license has been under processing since January 2020 and is expected to be in place by 2024

2020: Land secured at Frya Industry Park at the border of the municipalities of Ringebu and Sør-Fron.
2021: Agreement with the municipality of Ringebu for supply of water to our production facility, by utilizing the municipality’s perpetual license (from NVE) for groundwater extraction.
2022: Application for the aquaculture license for Frya was filed and submitted February 4th.
2023: Necessary permits and licenses to operate granted 20 June 2023
2024: Ground work expected to startup H2 2024
2027: First fish to market H2 2027