Norway, April 25 -- Arctic Core AS, a wholly owned subsidiary of Lokotech Group AS, has signed a partially binding Letter of Intent (LOI) for the joint development of the Kautokeino site.The LOI includes certain binding provisions, granting the partner exclusivity until June 2025 to conduct limited due diligence, perform site visits, and finalize decisions regarding the structure and organization of the joint venture.The agreement outlines a lease model consisting of a fixed base lease and a variable component based on actual power consumption, structured over a 5 + 5-year term.Arctic Core is currently collaborating with the local grid operator to assess the potential for increasing the site's initial planned capacity from 2 MW to at least ...