GreenRoc Mining PLC (GB:GROC) has released an update.
GreenRoc Mining PLC has announced promising results from a preliminary feasibility study for a graphite active anode material plant in South Greenland, projecting a pre-tax Net Present Value (NPV) of US$837M and an after-tax NPV of US$545M. The study, which anticipates a 22-year operation period matching the life of the planned Amitsoq graphite mine, foresees a total gross revenue of US$6.5Bn with a gross profit of US$2.7Bn. The company now moves towards identifying a site for the plant and starting the qualification process, aiming to cater to the escalating demand for domestically produced battery-grade graphite in the European EV Battery industry.
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