GreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, has published its FY24 results for the 12-month period to 30 Nov 2024. CEO, Stefan Bernstein, talks investors through the operational and financial highlights and the outlook for FY25.
In this interview, investors will learn:
- Why the company expects its project will deliver significant returns for shareholders
- Where the financing is coming from for GreenRoc’s Amitsoq mine and anode processing plant
- How Stefan’s focus is the continued generation of capital
- How the project’s location in Greenland gives the company a choice of both European and U.S. markets
- When the company anticipates it will enter the Pre-Feasibility Study stage for Amitsoq
- What FY2025 is going to be defined by in terms of milestones achieved, and how GreenRoc is future proofing its business
Reasons to add GROC to your watchlist:
- Developing a world class graphite deposit at Amitsoq in Southern Greenland
- JORC Resource (M,I&I) of 23.05Mt at an average grade of 20.41% Graphitic Carbon
- Successful testing of battery cells using Amitsoq graphite anodes
- Approval for enlargement of mineral exploration licence in Nanortalik Graphite District - Improved Pre-Feasibility Study results show Pre-tax NPV8 of $942m, IRR of 35.4%
- Submitted its Application for "Strategic Project" designation under EU's Critical Raw Materials Act
- MoU with Morrow Batteries ASA for the supply of Active Anode Material
- Letter of Interest (LOI) from US Export-Import Bank for financing up to $3.5m
- LoI from the Export and Investment Fund of Denmark ("EIFO") for funding to the Amitsoq graphite project
- Respectable BB rating from Digbee, a specialist in ESG disclosure and assessment for the mining industry
- One of only a handful of vertically integrated graphite projects globally to mine and process anode grade graphite for EV’s
Stefan Bernstein, CEO of GreenRoc Strategic Materials, was interviewed by Sarah Lowther for focusIR.