REG - GreenRoc Strateg PLC - Result of AGM

GreenRoc Strategic MaterialsAnnouncement

27/05/2025 11:45

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RNS Number : 2497K  GreenRoc Strategic Materials Plc  27 May 2025

GreenRoc Mining plc / EPIC: GROC / Market: AIM / Sector: Mining

 

27 May 2025

GreenRoc Strategic Materials Plc

("GreenRoc" or the "Company")

 

Result of AGM

 

GreenRoc Strategic Materials  Plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, announces that at the
Company's Annual General Meeting ("AGM") which was held today at 9.00 a.m.,
all resolutions were duly passed. The results of the poll are shown below.

 

 Resolution  For         For%     Against    Against %  Total       Withheld
 1           93,463,705  100.00%  0          0.00%      93,463,705  0
 2           93,438,492  99.97%   25,213     0.03%      93,463,705  0
 3           93,459,194  100.00%  4,511      0.00%      93,463,705  0
 4           93,308,202  99.83%   155,503    0.17%      93,463,705  0
 5           93,463,705  100.00%  0          0.00%      93,463,705  0
 6           92,217,223  98.67%   1,246,482  1.33%      93,463,705  0
 7           93,282,713  99.84%   150,992    0.16%      93,433,705  30,000
 8           92,721,549  99.21%   742,156    0.79%      93,463,705  0
 9           93,463,705  100.00%  0          0.00%      93,463,705  0
 10          92,700,132  99.34%   612,581    0.66%      93,312,713  150,992
 11          92,430,344  99.05%   882,369    0.95%      93,312,713  150,992

 

 

**ENDS**

 

For further information, please contact:

 GreenRoc Strategic Materials plc      +44 20 3950 0724

 Stefan Bernstein, CEO

 Cairn Financial Advisers LLP (Nomad)  +44 20 7213 0880

 Sandy Jamieson / Louise O'Driscoll

 Oberon (Broker)                       +44 20 3179 5300

 Nick Lovering / Adam Pollock

 

About GreenRoc

GreenRoc Strategic Materials Plc is an AIM-quoted company, which is led by a
group of highly experienced mining industry professionals. The Company is
focused on fast-tracking the Amitsoq Graphite Project in Greenland into a
producing mine to meet critical demand from Electric Vehicle ('EV')
manufacturers in Europe and North America for new, high grade and
conflict-free sources of graphite.  Amitsoq  is one of the highest-grade
graphite deposits in the world with a combined Measured, Indicated and
Inferred JORC Resource of 23.05 million tonnes (Mt) at an average grade of
20.41% graphite, giving a total graphite content of 4.71 Mt, and significant
further upside beyond this. Test work has proven that Amitsoq graphite can be
readily upgraded to high-grade, anode-quality graphite, with higher than
99.95% purity and relatively little energy input, boding well for future
production costs and sustainability commitments.

 

A Preliminary Economic Assessment released on 31 October 2023 gives a post-tax
NPV8 for the Project of US$179M, an IRR of 26.7% and capex estimated at
US$131M (including a 25% contingency).  These figures solely relate to the
economics of a mining and primary processing operation in South Greenland and
do not take into account any potential upside from a downstream processing
operation, which GreenRoc intends to establish. A Feasibility Study into the
establishment of a graphite spheronisation processing plant (published in May
and July 2024) shows a post-tax NPV8 for the project of US$621M, an IRR of
26.5% and capex estimated at US$340M (including a 25% contingency).  The
Company has signed a Letter of Intent to secure an area for the Company's
future Active Anode Materials Plant in Southern Norway and has received
expressions of support from the European Raw Materials Alliance and the US
EXIM Bank for future development. In November 2024, GreenRoc and Morrow
Batteries a/s, a Norwegian Gigafactory signed a MoU to work together on a
regional supply chain of battery anode material.

 

GreenRoc also has the Thule Black Sands Ilmenite Project ('TBS') in Greenland,
which has an initial Mineral Resource of 19Mt at 43.6% Total Heavy Minerals
with an in-situ ilmenite grade of 8.9%.

 

 

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