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R

RARE EARTHS NORWAY AS918 662 049

Other extraction
Limited company
Torsnesvegen 7 3830 ULEFOSS, Norge
Industry and manufacturing
/ Other extraction
/ 08.990 Other mining and quarrying n.e.c.

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
8 years
since Mar 8, 2017
Type
Limited company
VAT registered
Yes
Number of employees
14

Ownership

Number of shares and share classes
1,400,000
1 share class
Total number of shareholders
2
companies
Belongs to group of

Financials

Total operating income 2024
805,207
NOK
Annual total result 2024
-14,136,775
NOK
Total equity 2024
109,060,433
NOK
Last update: Jul 14, 2025

Management

Management / administration

NameRoleShares
AR

Alf Reistad

1959

Managing Director/CEO-

Board

NameRoleShares
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

NameRoleShares
D
DELOITTE AS
Auditor-
A
ADMENTO AS
Accountant-

Top 10 individual shareholders

NameRoleShares
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
RH

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

NameShare classTotal number of sharesShare
H
Hustadlitt A/S
Ordinary shares
1,330,000
95 %
B
BRENNEBU AS
Ordinary shares
70,000
5 %
Last update: Jun 2, 2025

Group structure

  • Hustadlitt A/S
    Total operating income 2023: NOK 262,775
    Operating profit 2023: NOK -7,199,516
    Employees: 0

Financials

in NOK

Summary

Year2024202320222021
Total operating income
805,207
0
0
284,630
Annual Total Result
-14,136,775
-236,498
-31,471
-9,339,522
Total assets
120,342,455
88,322,259
55,882,718
15,926,403
Total liabilities
11,282,021
7,783,926
5,237,876
5,250,090
Total equity
109,060,433
80,538,333
50,644,842
10,676,313

P&L

Year2024202320222021
Total operating income
805,207
0
0
284,630
Total operating costs
23,733,657
303,344
0
9,625,108
Operating result
-22,928,450
-303,344
0
-9,340,478
Financial income/costs
1,580,540
66,845
-31,471
956
Profit before tax
-21,347,910
-236,498
-31,471
-9,339,522
Total tax & extraordinary income/cost
-7,211,135
0
0
0
Annual Total Result
-14,136,775
-236,498
-31,471
-9,339,522

Balance overview

Year2024202320222021
Total fixed assets
66,428,382
56,893,002
22,587,861
0
Total current assets
53,914,073
31,429,257
33,294,857
15,926,403
Total assets
120,342,455
88,322,259
55,882,718
15,926,403
Short term debt
11,282,021
7,783,926
5,237,876
5,250,090
Long term debt
0
0
0
0
Total liabilities
11,282,021
7,783,926
5,237,876
5,250,090
Contributed capital
140,094,430
90,094,430
60,094,430
20,094,430
Retained earnings
-31,033,997
-9,556,097
-9,449,588
-9,418,117
Total equity
109,060,433
80,538,333
50,644,842
10,676,313
Total equity and liabilities
120,342,454
88,322,259
55,882,718
15,926,403

Classification

Category
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.