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GreenRoc Mining PLC ( (GB:GROC) ) has shared an announcement.
GreenRoc Strategic Materials Plc has drawn down €848,175 from the Export and Investment Fund of Denmark to advance its Amitsoq Graphite Deposit and Active Anode Materials pilot plant. The funds will support various project phases, including drilling preparations and environmental studies, marking a significant milestone in the company’s development efforts. The loan facility includes provisions to mitigate dilution risks and offers flexibility in repayment or conversion options, which could impact the company’s financial strategy and shareholder value.
More about GreenRoc Mining PLC
GreenRoc Strategic Materials Plc is a UK-based company listed on the AIM market, focusing on the development of the Amitsoq Graphite Project in Greenland. This project aims to supply high-grade, conflict-free graphite to meet the demand from electric vehicle manufacturers in Europe and North America. The company plans to process the mined graphite into active anode material for lithium batteries and has partnered with Morrow Batteries to establish a regional supply chain.
Average Trading Volume: 1,132,322
Technical Sentiment Signal: Buy
For detailed information about GROC stock, go to TipRanks’ Stock Analysis page.