Iceland’s LAXEY Raises €6 Million to Continue Construction On New Facility
LAXEY, an aquaculture company looking to raise 32,000 tonnes of Atlantic salmon a year in the Westman Islands, has completed a €6 Million equity private placement. The company said in a news release out late last week that the funding will allow them to continue construction on its new facility.
While LAXEY’s hatchery has been operational since November 2023, the grow-out site has been under construction. The site will feature eight tanks, the first of which was installed in late June over a...
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