Proximar secures one billion yen in loan capital

Proximar Seafood has secured two loan agreements worth a total of one billion Japanese Yen for its Mount Fuji RAS salmon farm project.

The figure, broadly equivalent to £5.3m or NOK 75 million, will be used for working capital and to strengthen liquidity as the company moves towards full production.

Read More

Proximar on track despite February tank incident

Proximar Seafood has reported that biomass at its new land based salmon farm in Japan has more than doubled during the first three months of 2024. At the end of March  the Norwegian salmon company had a standing biomass of 111.9  metric tonnes at the farm, located at Oyama near Japan’s Mount Fuji, compared with…

Read More

Proximar suffers loss after leak at Mount Fuji site

Land based salmon farmer Proximar Seafood has suffered a biomass loss following a tank breach at its Mount Fuji facility in Japan at the weekend, the company has revealed. The incident happened in one of four operational tanks at the company’s new post smolt grow out facility. Preliminary estimates suggest that 50,000 fish have been…

Read More

Proximar’s salmon reach first post-smolt grow-out stage

Proximar Seafood AS has just announced that the first batch of Atlantic salmon has been successfully transferred from the nursery department to the post smolt grow-out facility (PSG). The fish will be harvested at the company’s Oyama facility near Mount Fuji during the third quarter of 2024. Chief Operating Officer (COO) Dharma Rajeswaran said: “It…

Read More

Mount Fuji farmer raises additional £10 million

Mount Fuji

Proximar Seafood, the company behind the Mount Fuji, Japan, RAS Salmon farm project, has successfully raised a further NOK 140 million (almost £10.5m)  in fresh capital, an Oslo Stock Exchange announcement confirmed last night. The company said it was “pleased to announce that the board of directors of the company has conditionally allocated 70 million…

Read More