GreenRoc Mining plc has raised £550,000 by placing 15,714,287 new ordinary shares of 0.1 pence each at a price of 3.5 pence per placing share. Following the issue of the placing shares, the company’s total issued share capital will be 134,314,288 ordinary shares of 0.1 pence each, with voting rights. USES GreenRoc will use net […]
Tag: Amitsoq and Kalaaq deposits – Amitsoq graphite project – southern Greenland
GreenRoc Mining receives ERMA support Amitsoq
GreenRoc Mining plc has received support from the European Raw Materials Alliance (ERMA), managed by the EIT RawMaterials, for its Amitsoq graphite project in southern Greenland. INVESTMENT The consortium aims to secure raw materials and raw material supply chains for Europe to support industrial ecosystems within the European Union. GreenRoc said it had received a […]
GreenRoc Mining Phase II drilling nearly trebles MRE for Amitsoq graphite
GreenRoc Mining plc reported a near three-fold increase in the mineral resource estimate (MRE) at its 100%-owned Amitsoq Island graphite project in southern Greenland. FOCUS The 2023 MRE incorporates the results of the Phase II drilling programme completed in September 2022. The company has also decided to focus on progressing Amitsoq to production as quickly as […]
GreenRoc spheronised graphite tests 99.97% purity
GreenRoc Mining plc reported purity of 99.97%, exceeding electric vehicle industry requirements, from tests on spheronised graphite produced from its Amitsoq project in Greenland. ALKALINE TESTS Technical consultants ProGraphite GmbH conducted alkaline purification using sodium hydroxide to test a sample from the lower graphite layer (LGL), successfully spheronised last autumn. The purity requirement is 99.95% […]
GreenRoc Mining raises £18,000 from broker option
GreenRoc Mining plc has raised £18,000 before costs by placing 400,000 new ordinary shares at 4.5 pence per share in a broker option announced earlier in December. BROKER OPTION The broker option, which closed on 22 December, was for those existing shareholders and other investors who had no opportunity to participate in a placing conducted […]
GreenRoc 2022 drilling confirms consistent high grade graphite intersections at Amitsoq
GreenRoc Mining plc said that completion of its Phase II drilling programme confirmed consistent high-grade graphite intersections at its flagship Amitsoq project in South Greenland. MINEABLE WIDTHS The company, which began Phase II in June 2022, has given the results to the independent competent person for a revised mineral resource assessment, expected in January 2023. Results show […]