GreenRoc Strategic Materials plc aims to collect a 15 to 20 tonne bulk sample during an approved summer field programme at its Amitsoq graphite project in southern Greenland. PLANT Local firm HK Transport in Qaqortoq, will collect the sample underground from the Lower Graphite Layer ore body in the historical mine workings. The work is […]
Tag: GreenRoc Strategic Materials plc
GreenRoc marks EU strategic status for Amitsoq
GreenRoc Strategic Materials plc said that its Amitsoq graphite property in Greenland has been granted ‘strategic project’ status by the European Commission. RECOGNITION The designation comes under the European Union’s Critical Raw Materials Act and covers the extraction of graphite and processing of graphite concentrate into anode active material (AAM). GreenRoc said that the status […]
GreenRoc revises MRE for Thule ilmenite
GreenRoc Strategic Materials plc’s revised mineral resource estimate shows increased confidence for its Thule Black Sands ilmenite project in North Greenland. REFINEMENT The MRE focused on the South Area, being the largest of three on the 8km long licence. The 2019 figure consisted of inferred resources whereas 90% of the 2025 resource falls within the […]
GreenRoc raises £450,000 for Amitsoq
GreenRoc Strategic Materials plc has raised £450,000 by way of a 7% discounted subscription from “an institution” to 18 million new ordinary shares at a price of 2.5p per share. GRAPHITE For each two new ordinary shares issued the institution will receive one warrant valid for two years and each with an exercise price of […]
GreenRoc raises £735,000
GreenRoc Strategic Materials plc has raised £735,000 via a 31.57% discounted placing and subscription for a total 56,538,462 new ordinary shares at 1.3 pence per share. DIRECTORS’ DEALINGS The fundraise comprises a placing of £500,000 from institutional investors, £165,000 from existing shareholders, £50,000 from its largest shareholder Alba Mineral Resources plc and £17,500 from directors […]
GreenRoc receives financing interest for Amitsoq
GreenRoc Strategic Materials plc has received a non-binding letter of interest from the Danish national promotional bank and export credit agency to help fund the Amitsoq graphite project in South Greenland. CONSTRUCTION Potential financing from the Export and Investment Fund of Denmark (EIFO) would be used to buy equipment and services from suppliers including FLSmidth […]