GreenRoc Directors Subscribe to New Shares, Expanding Capital

GreenRoc Mining PLC ( (GB:GROC) ) has shared an announcement.

GreenRoc Strategic Materials Plc announced the subscription of 735,577 new ordinary shares by two directors, raising £9,562.50, and issued 543,269 shares to external advisers. These transactions, considered related party transactions, are deemed fair by the company’s independent directors. The new shares will be admitted to trading on AIM, increasing the total share capital to 252,618,786 shares. This move reflects the company’s ongoing efforts to strengthen its financial position and support its strategic projects in Greenland and beyond.

More about GreenRoc Mining PLC

GreenRoc Strategic Materials Plc is an AIM-quoted company led by experienced mining professionals, focused on developing the Amitsoq Graphite Project in Greenland. The company aims to supply high-grade, conflict-free graphite to meet the demand from electric vehicle manufacturers in Europe and North America. Amitsoq is one of the world’s highest-grade graphite deposits, and GreenRoc is working on establishing a graphite spheronisation processing plant, with support from various international alliances and banks.

YTD Price Performance: -32.43%

Average Trading Volume: 750,005

Technical Sentiment Consensus Rating: Strong Buy

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