AGRONOMICS LTD - AGNMF STOCK NEWS

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Agronomics Limited (Symbol: AGNMF) is a leading publicly listed company specializing in cellular agriculture and alternative proteins. With a robust portfolio of over 20 companies, Agronomics is at the forefront of a revolution in agriculture, focusing on precision fermentation and cultivated meat production.

Founded with the vision to transform food production, Agronomics invests in pioneering companies that are developing new methods to produce food and materials traditionally derived from animals. This approach not only offers sustainable solutions but also aims to address significant challenges related to human health, animal welfare, and environmental degradation.

Agronomics has made significant strides with its portfolio companies. For instance, Mosa Meat, a global leader in cultivated beef, recently raised EUR 40 million in new capital to scale up production and prepare for market entry. This round was led by Lowercarbon Capital LLC and M Ventures, with participation from various government-backed and conventional meat sector partners. In November 2023, Mosa Meat became the world's largest cultured meat center with the opening of its fourth facility, increasing production capacity for cow-free burgers.

Another notable portfolio company, Solar Foods, has raised a total of EUR 16 million in its Series B round. Solar Foods' Factory 01, operational since April 2024, is expected to produce 160 tons of Solein™ annually. Solein™, a microbial protein-rich powder, has already received regulatory approval in Singapore and is in the process of obtaining approval from European Food Safety Authority.

Financially, Agronomics maintains a strong position. As of March 31, 2024, the company's net assets were valued at £171 million, including investments worth £153 million. The recent unaudited Net Asset Valuation (NAV) per share was 16.98 pence, reflecting a 0.5% increase from the previous quarter.

Agronomics continues to thrive by leveraging strategic partnerships, government support, and innovative technologies to drive the future of food production. The company remains committed to its mission of decoupling food supply chains from environmental and animal dependencies, significantly contributing to global food security.

For a comprehensive list of Agronomics' portfolio companies and more details, visit their official website.