Greenroc Strategic Materials: Amitsoq Update

I am very pleased with the outcome of the updated Feasibility Study. The technical improvements made have not only resulted in a significant improvement in the after-tax NPV of some US$76M or ca 14% but some of the modifications made, in particular in respect of the onsite production of key consumables like nitrogen and de-ionised water, will also make our project more robust and self-sufficient...

It is also good to see that a more environmentally friendly alkaline purification method can be used without compromising the existing and very positive business case for our future anode plant. Over the coming time, we will conduct further work in the lab to refine the alkaline purification method.

Stefan Bernstein, CEO, GreenRoc Strategic Materials (GROC)