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The factsheet for the Act, which was referred to by Stefan, can be accessed via this website
https://ec.europa.eu/commission/presscorner/detail/en/fs_23_1663
"... EVE, said to be among the 5 biggest EV battery-makers in the world, is understood to have made 'a multi-billion pound commitment' in a recent letter to Jeremy Hunt, ...
Talks are understood to be in an 'exclusive and advanced stage', according to sources familiar with the situation, and a deal could be signed 'within weeks' ...
It is understood that EVE has a car-making customer or customers lined up to take its UK-made batteries ...". (Sunday Times business section, front page)
The Sunday Times: EVE Energy, a Chinese company that makes electric vehicle batteries for BMW, is on the cusp of investing billions of pounds into the building of Britain’s biggest gigafactory.
SB considers GROC to be "hugely undervalued today", it is hard not to agree with him.
The video highlights the way Greenland is now being "put on the map", especially by the EU, which has opened an office in the capital, Nuuk, and which Ursula von der Leyen visited recently.
The EU's critical raw materials act has recently become law and GROC believes Amitsoq will be designated a "strategic project" under it.
A 500m euro fund of the European battery alliance should prove to be one form of EU support in the future.
At the PDAC conference in Toronto (nearly 30,000 attendees) GROC was invited by the South Korean government to participate in a meeting organised by the Mineral Security Partnership and was 1 of only 3 graphite companies to present.
Listened to the ACF Equity Research video tweeted by GROC on 12/03/24: with one exception, the few publicly-quoted companies investing in Greenland are currently "beaten-up". The Head of Research makes a good case for investing in Greenland while values are beaten-up:
"If you want that classic 10-bagger, there are worse places to look that Greenland".
Non-Executive Chairman, George Frangeskides and CEO
@StefanBernstei3 with Greenland Natural Resources Minister Naaja Nathanielsen at a meeting between GreenRoc and the Government of Greenland in Toronto.
More from @the_PDAC event last week.
CEO, @StefanBernstei3 presented to a packed room at the Greenland Day session.
Raised £461k on 22/11/23 and £75k on 27/11/23 making £536k in all.
Makes no difference at this stage and especially when another raise will be happening shortly. Must be low on cash.....
"Value increase of 5-6x" on turning graphite concentrate into spherical purified graphite.
Video of just 51 seconds.
Re the RNS of 07/02 and yesterday's interview:
the PEA's net present value calculation of $235m for Amitsoq is uplifted by:
any acceleration of the project (by about $20m if, say, a year is saved); and
the de-risking of the project means that a lower discount rate than 8% may be more appropriate.
“I think that it will accelerate our project by several months, if not a year or so. We expect to be able to apply for our Exploitation Licence by the end of this first half of 2024. And I'm hopeful also that we'll be able to receive our permit before the end of this year. We'll conclude the environmental and social impact assessments, go on to the impact benefit agreement. We can also start our pre-feasibility study leading on to the definitive feasibility study, which we expect to conduct in 2025, then start raising the capital and start construction in 2026” explained Stefan Bernstein, CEO, GreenRoc Mining.
Very positive interview, SB opens it with a broad smile on his face.
"The fact that our application for an Exploitation Licence can now run in parallel with the Environmental and Social Impact Assessment studies we are undertaking should significantly shorten the processing time for the Exploitation Licence. It also futher illustrates Greenland's commitment to simplifying its mineral administration in order to establish a solid mineral extractive industry in the country."
Yes, come on Elon, just £50m (30p/share) and you can have the lot :-)
Almost 3 years lol. Does anyone want all this graphite or what?
5 years? No, it is even worse:
28th Sep 2021 7:00 am RNS First Day of Dealings
GROC has been listed 860 days
10p down to 1.85p in 5 years…….PHENOMENAL 👏👏👏
Https://www.mining.com/web/germany-invests-1-1bn-to-counter-china-on-raw-materials/
Distribution of graphite production worldwide in 2022, by country
Characteristic Share of production
China 65.49%
Mozambique 13.1%
Madagascar 8.47%
Brazil 6.7%
Steady progress, so I'm still bemused as to why our s/p has been drifting down lately. I'm slightly uneasy that we have to turn to China for the processing plant design and construction since they are the main global competitors to the West in the graphite processing market. I guess they do have the most experience and can generally deliver projects on time and at reasonable cost?
GreenRoc's CEO, Stefan Bernstein, commented:
"The outcome of this battery test programme is hugely pleasing. This is the first time that graphite material from our Amitsoq Project has been tested for its performance within an assembled lithium ion battery cell. These results demonstrate that uncoated purified spherical graphite from Amitsoq performs very well as the active anode material in a battery cell, which is excellent news given that not all natural graphite material is suitable for use in the manufacture of batteries.
"Our Feasibility Study into the establishment of an active anode material processing plant is also progressing well and is on schedule. We now have comprehensive reports on the graphite anode market, on specifications for graphite anodes, and on the various options for processing techniques and equipment. During our visit to China, we saw at first hand the state-of-the-art processing equipment which today, in Chinese processing lines, is delivering active anode material to all of the world's battery producers.
"We now have a much clearer understanding of the steps towards establishing an AAM processing plant in our part of the world and look forward to completing the Feasibility Study in the next few months. This will be a key step towards GreenRoc becoming one of the first producers of active anode material for EV batteries in a Western economy."
George Frangeskides @AlbaMinerals
Executive Chairman tells investors
@GreenRocMining's Amitsoq graphite project is ‘Premier League’ quality – and Alba hold a 37.49% stake.
https://x.com/_focusIR_/status/1750915303821746669?s=20