GreenRoc Strategic Materials plc, focused on the Amitsoq graphite project in Greenland, has received a BB rating for environment, social and governance from Digbee ESG.
IMPARTIAL
The company said that the rating was considered as ‘average’ and comprised a corporate rating of BBB and a project rating of BB.
GreenRoc previously received a BB for the corporate rating.
“The overall BB rating is in the top-five category and reflects some of the uncertainties related to the early development stage for both the company and the Amitsoq project,” added GreenRoc
“Thus, the scoring range for the Amitsoq project is from CC to AA, while for the company it is B to A.”
GreenRoc’s graphite project comprises the Amitsoq and Kalaaq deposits located in southern Greenland.
Chief executive officer Stefan Bernstein added: “This impartial rating provides valuable insight into our current ESG standing and we recognise that there are opportunities for improvement as we progress.”
The company noted that Digbee is the mining sector’s “foremost independent assessment platform for sustainability disclosure, endorsed by leading global financiers”.
An independent panel of “globally recognised sustainability experts” conducts the Digbee ESG assessment.
WARRANTS EXERCISE
The company has also issued 1,153,846 new ordinary shares of 0.1 pence each, following a warrants exercise, at a price of two pence per share, for £23,076.92.
Following admission, the company’s total issued share capital will comprise 283,695,707 ordinary shares of 0.1p each, with voting rights.