GreenRoc Raises £450,000 to Propel Amitsoq Graphite Project

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

GreenRoc Strategic Materials Plc has successfully raised £450,000 through a subscription to fund its ongoing projects, including the Amitsoq Graphite Project in Greenland. The capital will be used for business development, collecting graphite ore samples, and further environmental studies, which are crucial for the project’s advancement. This financial boost is expected to enhance GreenRoc’s operational momentum and strengthen its position in the mining sector, particularly in supplying graphite for electric vehicle batteries.

More about GreenRoc Mining PLC

GreenRoc Strategic Materials Plc is a UK public company listed on AIM, specializing in the development of critical mineral projects, particularly the Amitsoq Graphite Project in Greenland. The company aims to supply high-grade, conflict-free graphite to meet the growing demand from electric vehicle manufacturers in Europe and North America. Amitsoq is noted for its high-grade graphite deposits, and GreenRoc is advancing towards establishing a graphite spheronisation processing plant, with significant support from various international alliances and financial institutions.

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Technical Sentiment Signal: Buy

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