GreenRoc Strategic Materials plc (AIM:GROC), the developer of critical mineral projects in Greenland and Norway, has now submitted its application for an Exploitation Licence for the Amitsoq Graphite Project in South Greenland.
The grant of an Exploitation Licence is a key deliverable for the fast-tracking of Amitsoq into a producing mine to meet critical demand from Electric Vehicle manufacturers in Europe and North America.
Additionally, Amitsoq has been awarded "Project" status by the International Mineral Security Partnership, and Chief Executive Officer Stefan Bernstein was subsequently invited to present Amitsoq to the EU Business Mission when it visited Greenland.
In this interview, investors will hear:
- Why the CEO is confident that the exploitation licence will be granted before the end of the year
- Who participated in the EU Business Mission to Greenland
- How pre-production projects such as Amitsoq may qualify for multiple EU funding opportunities
- Which countries constitute the Mineral Security Partnership and how they could provide financial support to diversify the critical raw materials supply chain
- When the company anticipates construction will start on the Amitsoq mine
Reasons to add GROC to your watchlist:
- World class graphite deposit at Amitsoq in Southern Greenland
- Positive PEA economics for Amitsoq
- Pre-Feasibility Study for Amitsoq due 2024
- Developing a high-margin processing plant for high-quality, stable source of feedstock in Norway:
- Preliminary Feasibility Study for the Anode processing plant illustrates exceptional processing plant economics
- GROC is one of only a handful of European vertically integrated graphite miners also intending to process anode grade graphite for EV’s
- The EU’s Critical Raw Materials Act provides concrete supply chain targets and deadlines with potential funding
Stefan Bernstein, CEO of GreenRoc Strategic Materials, was interviewed by Sarah Lowther for focusIR.
