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Market capitalisation of approximately NOK 86 million
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45th listing on Euronext in 2026
Oslo – 9 July 2026 – Euronext today congratulates Polar Resources AS (ticker code: POLAR), a Norwegian natural resources company focused on mineral exploration in Norway, on its admission to trading on Euronext Growth Oslo. This is the 45th listing on Euronext in 2026 and the 14th new listing on Euronext Oslo Børs' marketplaces this year.
Polar Resources currently holds exploration licences covering four areas of Central Norway that have reported occurrences of copper and zinc mineralisation. The company is also selectively pursuing oil and gas acquisitions with an initial geographical focus on Europe, Latin America and South-East Asia. Polar Resources is headquartered in Oslo, Norway.
Polar Resources was listed through the admission to trading of 14,252,857 outstanding ordinary shares. Prior to the listing, the company successfully completed a private placement and retail offering, raising gross proceeds of NOK 50 million. The offering attracted significant interest from Nordic and international investors, while the retail offering was oversubscribed.
At market opening today, the share price was NOK 6 per share, giving the company a market capitalisation of approximately NOK 85.5 million on its first day of trading.
Julien Balkany, Chairman of Polar Resources, said: “Listing Polar Resources on Euronext Growth Oslo and gaining access to the Norwegian equity capital markets is an important milestone for Polar Resources. Today's start of public trading marks the beginning of a new, exciting chapter for Polar Resources built on ambition, growth and long-term value creation for our shareholders.”
Caption: Julien Balkany, Chairman of Polar Resources, rang the bell this morning together with colleagues to celebrate the listing of the company on Euronext Growth Oslo. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Ludvik Baksaas | NTB Kommunikasjon)
About Polar Resources AS
Polar Resources AS is a Norwegian natural resources company focused on mineral exploration in Norway alongside selectively pursuing oil and gas acquisitions with an initial geographical focus on Europe, Latin America and South-East Asia. Polar Resources AS currently holds exploration licences covering four areas of Central Norway that have reported occurrences of copper and zinc mineralisation. Visit the company at: www.polarresources.no
CONTACTS
| MEDIA – mediateam@euronext.com | ||
| Norway | Cathrine Lorvik Segerlund | +47 41 69 59 10 |