RARE EARTHS NORWAY AS • 918662049 • Ulefoss • Other mining and quarrying

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Industry and manufacturing

/ Other extraction

RARE EARTHS NORWAY AS

Keywords

extractionminingmineralsabrasivesasbestosfossil silicanatural graphitesteatitetalcsemi-precious stonesquartzmicanatural asphaltbitumen

Organization

CEO: AR
Alf Reistad1959
Chairman of the board: SS
Stein Sturla Steinsvik1942
Years since formation: 7 years; since Mar 8, 2017
Type: Limited company
VAT registered: Yes
Number of employees: 6

Ownership

Number of shares and share classes: 900,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Annual total result 2023: -236,498; NOK
Total equity 2023: 80,538,333; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
AR Alf Reistad 1959	Managing Director/CEO	-

Board

Name	Role	Shares
SS Stein Sturla Steinsvik 1942	Chairman	-
FT Finn Tore Sylte 1972	Board Member	-
BS Birger Solberg 1960	Board Member	-
NS Nina Steinsvik 1970	Board Member	31.35 % indirectly
OB Ole Bjørn Jensen 1960	Board Member	-
AT Anne Tone Steinsvik 1974	Alternate Member	31.35 % indirectly
CD Carl Diderik Cappelen 1955	Alternate Member	2.06 % indirectly

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
A ADMENTO AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
NS Nina Steinsvik 1970	Board Member	31.35 % indirectly
AT Anne Tone Steinsvik 1974	Alternate Member	31.35 % indirectly
KS Kristin Steinsvik 1968	-	17.26 % indirectly
RS Rasmus Halsen Steinsvik 1998	-	14.09 % indirectly
JD Johan Diderik Cappelen 1988	-	2.94 % indirectly
CD Carl Diderik Cappelen 1955	Alternate Member	2.06 % indirectly

Last update: Aug 19, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
H Hustadlitt A/S	Ordinary shares	855,000	95 %
B BRENNEBU AS	Ordinary shares	45,000	5 %

Last update: May 24, 2024

Group structure

Hustadlitt A/S
Total operating income 2023: NOK 262,775
Operating profit 2023: NOK -7,199,516
Employees: 5

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	284,630
Annual Total Result	-236,498	-31,471	-9,339,522
Total assets	88,322,259	55,882,718	15,926,403
Total liabilities	7,783,926	5,237,876	5,250,090
Total equity	80,538,333	50,644,842	10,676,313

P&L

Year	2023	2022	2021
Total operating income	0	0	284,630
Total operating costs	303,344	0	9,625,108
Operating result	-303,344	0	-9,340,478
Financial income/costs	66,845	-31,471	956
Profit before tax	-236,498	-31,471	-9,339,522
Total tax & extraordinary income/cost	0	0	0
Annual Total Result	-236,498	-31,471	-9,339,522

Balance overview

Year	2023	2022	2021
Total fixed assets	56,893,002	22,587,861	0
Total current assets	31,429,257	33,294,857	15,926,403
Total assets	88,322,259	55,882,718	15,926,403
Short term debt	7,783,926	5,237,876	5,250,090
Long term debt	0	0	0
Total liabilities	7,783,926	5,237,876	5,250,090
Contributed capital	90,094,430	60,094,430	20,094,430
Retained earnings	-9,556,097	-9,449,588	-9,418,117
Total equity	80,538,333	50,644,842	10,676,313
Total equity and liabilities	88,322,259	55,882,718	15,926,403

Classification

Category

Industry and manufacturing

/ Other extraction

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

B

Main industrial area

Mining and quarrying

08

Activity

Other mining and quarrying

08.9

Main industrial group

Mining and quarrying n.e.c.

08.99

Industrial group

Other mining and quarrying n.e.c.

08.990

Industrial group

Other mining and quarrying n.e.c.