RE: RNS8 Feb 2023 07:04
GreenRoc's CEO, Stefan Bernstein, commented:
"We believe that this declaration of support from ERMA, part of EIT RawMaterials, is important for the development of Amitsoq. Not only does it provide validation from the raw materials consortium of the fundamental qualities of the Project, but it opens the door to new investment and partnership opportunities across all stages of Amitsoq's future development as we progress towards commercial production and meeting the pent-up demand for graphite from European EV battery manufacturers.
"As part of the ERMA application process, we made detailed submissions on all key aspects of Amitsoq, from market conditions and drivers to technical mining and processing aspects. It is greatly encouraging, therefore, that following the completion of such a detailed evaluation process, ERMA has decided to confirm its support for our Project and to state that, in its opinion, Amitsoq is a deposit of "global importance".
"We look forward to close collaboration with the team from ERMA as we seek to accelerate the development of Amitsoq towards commercial production for the benefit of our shareholders."