REG - GreenRoc Strategic - EU Commissioner to visit Amitsoq

GreenRoc Strategic MaterialsAnnouncement

24/09/2025 07:00

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RNS Number : 5280A  GreenRoc Strategic Materials Plc  24 September 2025

GreenRoc Strategic Materials Plc / EPIC: GROC / Market: AIM / Sector: Mining

 

24 September 2025

GreenRoc Strategic Materials Plc

("GreenRoc" or the "Company")

 

EU Commissioner Dan Jørgensen to visit Amitsoq

 

GreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, is pleased to announce
that the European Union ("EU") Commissioner for Energy, Dan Jørgensen, will
be visiting GreenRoc's Amitsoq graphite deposit and planned mine site this
week.

 

During the visit, Commissioner Jørgensen will be joined by Malene Vahl
Rasmussen, Mayor of Kommune Kujalleq (the South Greenland Municipality), Simon
Bojsen-Møller, Head of EU Representation in Nuuk, and Per Haugaard, Head of
EU Representation in Denmark.

 

In February 2024, the EU and Greenland signed a partnership agreement focused
on the development of sustainable raw materials value chains in Greenland.
Greenland possesses several of the critical raw materials sought under the
EU's Critical Raw Materials Act ("CRMA"), making it a key region for the EU's
supply chain diversification efforts.

 

The CRMA identifies 34 materials as Critical Raw Materials ("CRMs"), based on
their high economic importance to the EU and significant supply risks. The
CRMA further designates a subset of 17 of the 34 CRMs as Strategic Raw
Materials ("SRMs"). These SRMs are considered particularly vital due to their
projected exponential growth in demand, complex production processes, and
higher supply risks. The SRM list includes natural graphite (battery grade).

 

Under the CRMA, the EU can designate specific mining or processing projects as
"Strategic Projects", providing these projects with streamlined permitting
processes, access to financing, and other forms of support. As previously
reported, GreenRoc's Amitsoq graphite project was announced a Strategic
Project in June 2025.

 

GreenRoc's CEO, Stefan Bernstein, commented:

 

"We are delighted to welcome this important delegation to Amitsoq, and to
provide them with an in-depth look at our graphite deposit, which we are
developing into a future source of this strategic raw material. This visit
further underscores the EU's support for our efforts to establish a secure,
responsibly sourced supply chain of processed graphite for Europe's automotive
and defence industries."

 

 

*ENDS** 

 

 

 

For further information, please contact:

 

 Investor questions on this announcement         https://greenrocplc.com/s/f795de (https://greenrocplc.com/s/f795de)

 We encourage all investors to share questions

 on this announcement via our investor hub
 GreenRoc Mining plc                             info@greenrocplc.com (mailto:info@greenrocplc.com)

 Stefan Bernstein, CEO                           +44 20 3950 0724

 Cairn Financial Advisers LLP (Nomad)

 Sandy Jamieson / Louise O'Driscoll              +44 20 7213 0880

 Oberon (Broker)                                 +44 20 3179 5300

 Nick Lovering/Adam Pollock

 Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
timing and granting of regulatory and other third party consents and
approvals, uncertainties regarding the Company's or any third party's ability
to execute and implement future plans, and the occurrence of unexpected
events.

Actual results achieved may vary from the information provided herein as a
result of numerous known and unknown risks and uncertainties and other
factors.

 

 

About GreenRoc

GreenRoc Strategic Materials Plc is an AIM-quoted UK public 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, which bodes 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 the 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 and the Company received a
Letter of Interest from the Export and Investment Bank of Denmark (EIFO) in
January 2025.

 

GreenRoc's Amitsoq and Anode Materials Plant project was announced as a
Strategic Project under EU's Critical Raw Materials Act on June 4, 2025, and
has an ESG certification via DigBee(TM) since March 2025.

 

GreenRoc also owns 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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