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GreenRoc Mining PLC ( (GB:GROC) ) has shared an announcement.
GreenRoc Strategic Materials Plc has received an Exploitation Licence from the Government of Greenland for its Amitsoq Graphite Project, marking a significant milestone in the company’s efforts to restart graphite production in Greenland. This approval, which was granted swiftly under Greenland’s revised Mining Act, underscores Greenland’s commitment to attracting responsible investments while maintaining high environmental and social standards. The licence enables GreenRoc to advance its project, which is crucial for Europe’s energy transition, and highlights Greenland’s efficient regulatory environment, potentially impacting stakeholders positively by securing a stable graphite supply chain.
More about GreenRoc Mining PLC
GreenRoc Strategic Materials Plc is a UK-based company listed on the AIM market, focusing on developing the Amitsoq Graphite Project in Greenland. The company aims to supply high-grade, conflict-free graphite to meet the critical demand from electric vehicle manufacturers in Europe and North America. Amitsoq is recognized as one of the world’s highest-grade graphite deposits, and GreenRoc plans to process the mined graphite into active anode material for lithium batteries. The project is designated as a Strategic Project by the EU and has received ESG certification.
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Technical Sentiment Signal: Buy
See more data about GROC stock on TipRanks’ Stock Analysis page.