GreenRoc Strategic Minerals CEO Stefan Bernstein joined Steve Darling from Proactive to announce a significant milestone for the company: the signing of a Memorandum of Understanding (MoU) with Morrow Batteries ASA, a leading Norwegian company focused on the development and production of sustainable, high-performance lithium-ion battery cells. This collaboration marks a key step toward advancing GreenRoc's role in the European battery materials supply chain. Bernstein revealed that GreenRoc is also in the process of establishing a Norwegian-registered subsidiary to oversee work related to the production of graphite active anode material (AAM) for batteries.
This strategic move aligns with the company’s plan to supply graphite concentrate from its flagship mine at Amitsoq in Greenland, a resource considered one of the world’s highest-grade graphite deposits. GreenRoc’s graphite extraction and processing operations will emphasize both quality and sustainability. Given the single-source origin of its material from Amitsoq, the company aims to produce AAM of consistent quality, ensuring reliability for manufacturers like Morrow Batteries. Bernstein emphasized that the production process will adhere to best-in-class ESG (Environmental, Social, and Governance) practices, positioning GreenRoc to deliver a significantly improved ESG profile compared to existing suppliers in the market. By focusing on the responsible extraction of natural graphite and its subsequent transformation into battery-grade anode material, GreenRoc is well-positioned to meet the increasing European demand for locally-sourced, sustainable battery materials. This aligns with the broader push for green energy solutions across Europe and reflects the company’s commitment to supporting the region’s battery manufacturing sector with clean, high-quality inputs.
The partnership with Morrow Batteries underscores the growing importance of collaboration across the supply chain to achieve sustainability targets. Morrow’s dedication to producing environmentally friendly lithium-ion batteries, combined with GreenRoc’s high-quality graphite supply, creates a strong synergy for advancing Europe’s clean energy ambitions. As GreenRoc progresses toward production, the establishment of its Norwegian subsidiary further demonstrates its commitment to creating a robust, localized supply chain for the European battery industry. This development represents an important step in GreenRoc's growth strategy, as the company continues to align its operations with global sustainability goals and increasing market demand.
