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The latest announcement is out from GreenRoc Mining PLC ( (GB:GROC) ).
GreenRoc Strategic Materials Plc has received a Letter of Interest from the Export and Investment Fund of Denmark (EIFO) for potential funding of its Amitsoq Graphite Project in Greenland. This financial backing, aimed at purchasing equipment and services from Danish suppliers, highlights the project’s significance in the growing market for graphite, particularly for EV batteries. The involvement of EIFO and its history with FLSmidth, a Danish engineering firm, underscores the importance of securing a sustainable supply chain for critical minerals, potentially benefiting Greenland’s economy and supporting the green transition in the battery industry.
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 into a producing mine. The company aims to meet the critical demand for high-grade, conflict-free graphite from Electric Vehicle manufacturers in Europe and North America. The Amitsoq deposit is one of the highest-grade graphite deposits globally, with significant resources and the capability to produce high-purity graphite with minimal energy input.
YTD Price Performance: 2.70%
Average Trading Volume: 660,008
Technical Sentiment Consensus Rating: Buy
See more data about GROC stock on TipRanks’ Stock Analysis page.
