Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Another article:-
https://www.zerohedge.com/markets/ev-stocks-slide-after-china-curbs-graphite-exports-latest-trade-spat
This should benefit GROC with demand and graphite price.
As China begins to control and limit exports of graphite due to the U.S./China trade war - this provides an ever more urgent need for alternatives to China for graphite.
This is where Greenroc can provide a much needed avenue for graphite extraction.
"China, which dominates global supply chains for the mineral, will require special export permits for three grades of graphite"
https://www.ft.com/content/8af8c05c-8e54-40e9-9051-5a0b2b036c32
CT
Yes the market is very painful at the moment, I’m down in every share. The ones I’m watching tend to rise though which is so frustrating. Having to sit on my hands. It’s all a learning curve
Don't talk the SP down as I'm holder and will keep adding. Just a realist in all honesty. Markets are broken, everything just goes down regardless of news and GROC is no exception. Unless we have MAJOR transformational news, and PEA is not that.
I agree EU support will eventually come and offtake as well.
Clever
You obviously need to load up, so is that why you’re talking the Sp down. If you’re right though I will be joining you. I see some good news on the horizon, an off take deal? Big EU support etc.
best of luck
I expect to us to see 3.2/3.3p at some point. If PEA is a "cracker", will have its little rise and then start the decline again to 3.2/3.3.
If it's not a "cracker" expect it to at least touch 3.2/3.3 quickly and likely fall further.
Markets are broken - broken like a hooker whos been working the corner for 30 years.
Only 7 trading days left till the release of the PEA according to RNS from 29th September. Lets hope its a cracker
Full steam ahead then
PEA to come lets hope also good news
Agreed and it's +50% of existing area
It’s good to see there being very proactive in procuring the lay down areas required for a project of this size. More importantly they have secured what could be further graphite assets to an already large graphite deposit/area.
GLA
Grant of Exploration Licence Expansion
GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical minerals projects in Greenland, is pleased to announce that the Government of Greenland has approved the Company's application to enlarge its Mineral Exploration Licence ("MEL") 2013-06 which contains the Amitsoq graphite deposit.
GreenRoc's Amitsoq Graphite Project in southern Greenland ("Amitsoq") is one of the highest-grade graphite projects in the world.
Stefan Bernstein, GreenRoc's CEO, commented: "We are pleased to have been successful in enlarging this Mineral Exploration Licence as it secures access to an area that will become important when we develop infrastructure around the mining operation at Amitsoq. Also, the additional area is prospective for high-grade graphite deposits similar to those we are targeting at Amitsoq.
"I would like to thank the Greenlandic Mineral Resource Administration for its swift processing of the application. We received the Minister's approval just two weeks after signing the licence documents and the whole licensing process took just three months. This really illustrates how supportive the Government of Greenland is towards the sustainable and responsible development of its natural resource economy and that Greenland is a well-run, well-regulated, mining friendly jurisdiction."
Based on cash burn rate - whats folks views on when more funds/raise will be required?
TL
yes its happening in many shares at the moment. thicko short term thinking... wtf would you sell now for 10% profit and probably loose money by the time the trade is done, or idiots shorting when holding could bring many bags later... doing my head in too
at the end of the day its about holding onto what should be needed resources I hope,,,, fingers crossed
So we have some good positive news and 15 out of 16 trades are buys and the share goes negative. Can anyone explain how this happens, as I think I may need to stop this investment lark
In this episode, find out about the company's unique Amitsoq graphite project, and why Stefan is uniquely positioned to guide GreenRoc into production.
Listen here - https://www.allpointswestpod.com/episodes/stefan-bernstein-ceo-greenroc-mining-plc
Yes looks good going forward
muppet penny flippers trying to trade it... please sell up...
come in GROC
The PEA should be out soon, that ought to attract the interest of financiers. Thereafter a clear financial roadmap to production
Check her out on X https://twitter.com/paola_rojas
Definitely good positive news and SB looking for funding from other sources, which is great (Grants do not need to be paid back). These type of projects are essential for development and obviously can cost quite a few pounds in cash burn to prove we have a good product.
I notice this grant is for about 67% of the cost at £257k ish, so we need to put in about £130k ish.
So I would imagine we will need another placing over the winter. Hopefully the SP will get up quite a bit so the placing is at a better less dilutive price. I'd hope if the SP gets to over 5p and a placing at 4.5p + then that would be better.
I reckon we need some more good news to boost the SP up before a placing is done.
Feels quite cheap at the moment, with all the potential.
Fingers crossed GLA etc DYOR
"...............make the production of anode material in the UK a reality."
Indeed! I maintain full belief in GROC and expected no less and that's why I invested here.
"reality" is what separates the proper AIM successes from "Lifestyle/Pipedreams"
Great news,
"Based on the outcome of the feasibility study, GreenRoc hopes to be able to make a strong business case for potential joint venture partners and investors to join forces with us to make the production of anode material in the UK a reality."
Highlights
· The ATF has awarded GreenRoc a grant of approximately £250,000 to part-finance a feasibility study into establishing a UK graphite spheronisation processing plant to produce active anode material in the form of coated spherical purified graphite (cSPG) from graphite concentrate shipped from Amitsoq.
· The ATF funding programme is administered by the Advanced Propulsion Centre UK (APC), which deploys government funding and support to accelerate the transition to a net-zero automotive industry in the UK.
· The ATF has expressed the view that GreenRoc's feasibility study project could have significant strategic benefits for the UK in terms of security of supply and achieving resilience in the EV battery sector.
· In GreenRoc's view, the grant funding represents a step forward in establishing a robust supply chain of anode material for EV batteries and fuel cells to bolster the British car industry.
· The feasibility study starts in Autumn 2023 and is expected to be completed by May 2024.
· GreenRoc will act as project manager, with input from four expert consultants: Benchmark Mineral Intelligence, SLR, ProGraphite and Decision Risk Analytics.
GreenRoc's CEO, Stefan Bernstein, commented:
"It is with great pleasure that we can announce today that Great Britain's Automotive Transformation Fund has awarded GreenRoc a significant grant towards the funding of a feasibility study into the manufacturing of active anode material or cSPG in the UK using graphite concentrate from GreenRoc's world-class Amitsoq Deposit in southern Greenland.
"This grant funding represents a step forward in establishing a robust supply chain of anode material for EV batteries and fuel cells and will also help bolster the British car industry's competitiveness in the race to supply electric vehicles to the European market.
"I'm particularly happy as this grant shows much-welcomed government support for our ambition to supply the European gigafactory industry with anode material sourced from GreenRoc's responsibly mined graphite deposit in Greenland.
"Based on the outcome of the feasibility study, GreenRoc hopes to be able to make a strong business case for potential joint venture partners and investors to join forces with us to make the production of anode material in the UK a reality."
APC Automotive Transformation Director Julian Hetherington said:
"The Automotive Transformation Fund is supporting new projects to scope out opportunities within the wider supply chain that could lead to significant investments in manufacturing here in the UK. Gigafactories are only part of the story, as much of the supply of materials is currently imported from carbon-intensive sources. If the sector is to transition to net zero and localise production, this funding can help to show where the potential is for expanding the UK's capability."