GreenRoc Mining plc has signed a memorandum of understanding to explore civil, mining and/or logistics work and commercial opportunities for the Amitsoq graphite project in southern Greenland.
PROJECTS
The MoU is with construction and mining group Leonhard Nilsen & Sønner A/S (LNS) which is the potential sub-contractor during the construction and operational phases.
GreenRoc said that discussions focused on a “detailed” review of the requirements for Amitsoq, and which could lead to heads of terms and definitive agreements.
Talks also covered debt/equity financing, joint venture and procurement of staff, equipment and services at Amitsoq or at GreenRoc’s other projects of Thule Black Sands ilmenite and Melville Bay iron.
“This MoU with LNS represents another important step forward for GreenRoc in bringing the Amitsoq graphite project into production,” said GreenRoc chief executive Stefan Bernstein.
“I am particularly looking forward to working with LNS as we explore how we can accelerate Amitsoq to production and make it into a profitable business for both companies and our shareholders, as well as for the people of Greenland.”