Member Info for Mullins58

Alastair Clayton, Chairman, commented:

"We are exceptionally pleased to report that the conditions precedent have been met to trigger the payment of A$2,250,000 to Thor.

"For Thor shareholders, the monetisation of Molyhil has already led to a significant inflow of cash to the Company, and there will be three further annual payments of A$1,312,500 commencing from this September. This means more resources to advance Hy-Range and less dilution to achieve this.

"Furthermore, following the significant new external investment into our 20%-owned EnviroCopper Limited 2, a leading ISL Copper company, we now turn our attention to our 80% interest in the nearby Alford East Copper Portfolio, which we have chosen to retain. We look forward to updating shareholders on our 2026 plan for these assets soon."

Https://www.londonstockexchange.com/news-article/THR/molyhil-update-a-2-250-000-payment-received/17418846

US to push for quicker action in reducing reliance on China for rare earths

https://www.mining.com/web/us-to-push-for-quicker-action-in-reducing-reliance-on-china-for-rare-earths/

US to push for quicker action in reducing reliance on China for rare earths

https://www.mining.com/web/us-to-push-for-quicker-action-in-reducing-reliance-on-china-for-rare-earths/

Https://www.msn.com/en-gb/news/world/greenland-could-cost-the-us-700bn/ar-AA1UhgYb?ocid=msedgdhp&pc=U531&cvid=6969e6ca60dc4e53bedb3d70b7dc135f&ei=15

Https://www.msn.com/en-gb/news/world/greenland-could-cost-the-us-700bn/ar-AA1UhgYb?ocid=msedgdhp&pc=U531&cvid=6969e6ca60dc4e53bedb3d70b7dc135f&ei=15

Just watched it. Very impressive , looking forward to the rest of the year. ATB

Posted by oce on the GROC Board

FUNDING, SOME QUOTATIONS:

From 14:42.

"Importantly, EIFO have signalled they are very interested in supporting the project further ...

At the stage where we go into construction, ... they can provide a substantial part of the several hundreds of millions of euros that we need to build the mine and build the processing plant".

From 42:10

"Today we have access to almost all the funds we need from the Danish EIFO ... we can supplement the loan from EIFO next year and the year after and so forth ...

So, we are well-funded to go forward, we can see a clear path towards completion of the work towards the FID and also at the final construction stage".

From 44:48

"And actually investing or financing projects at our stage is very unusual for them (EIFO). Usually where they come in is at the stage of construction and there, they can easily put a couple of hundred million euros on the table.

So it's a fantastic situation already now to be able to say that that part is already covered ..."

Also mentions expressions of interest at the construction stage from the EIB and they are talking to a couple of private funds, one Japanese, one European.

Starting at 11.00am

https://greenrocplc.com/webinars/lyaK7r-2025-recap-2026-outlook

Https://www.visualcapitalist.com/visualizing-the-worlds-rare-earth-reserves/

Trump says no critical minerals tariffs for now, will seek overseas supplies

https://www.mining.com/web/trump-says-no-critical-minerals-tariffs-for-now-will-seek-overseas-supplies/

Me too.atb

Oce , I agree , perhaps the next update ?

Following the same gold seam.

A "gold seam" refers to a geological formation where gold is concentrated in rock, often within cracks or fissures, formed by mineral-rich fluids under immense pressure, with some seams being large and economically significant.

Some great pictures

Oce , you beat me too it !

Released

Rationale: Near-Term Cash Flow, Disciplined Entry

The Company believes that selective exposure to resources complementary to its core strategy can provide multiple new value-creation and cash-flow inflection points during the period in which gasification projects progress from development to full operational scale. For example, critical metals assets typically offer shorter development timelines, defined operational milestones and earlier revenue generation than large-scale infrastructure projects. For EQTEC, this vertically-integrated strategy creates the potential for multiple cash-flow inflection points during the period in which gasification projects progress toward full commercial operation with recurring revenues.

EQTEC will prioritise sustainable opportunities that are:

· Cash generative or near-term production

· Capital-light at entry with limited upfront commitment

· Situated in established, lower-risk mining jurisdictions

· Positioned for value uplift through operational discipline

The Company already has an active pipeline under evaluation.

Progressive Strategy: Supply Chain Exposure

EQTEC is expanding into the acquisition and development of capital-light resource assets, targeting exposure to critical and precious metals central to global electrification-including copper, gold, rare earth elements and specialty resources essential to grid infrastructure and the energy transition - while progressing with its core strategy, gasification technology. Recent leadership appointments with extractive industry backgrounds have enabled the acceleration of this strategic broadening.

The strategic rationale includes:

· Shared end markets: Critical metals and EQTEC's gasification technology serve the same structural demand drivers-renewable power, electrification and energy storage. The Company's waste-to-value solutions support distributed, low-carbon generation; critical metals supply the infrastructure those systems require.

· Circular economy coherence: Both business lines align with circular economy principles. Gasification diverts waste and displaces fossil fuels; responsibly developed metals enable the hardware underpinning decarbonisation. Together, they position EQTEC across complementary segments of the energy transition value chain.

Lender support

The Company confirms that its lenders are supportive of the strategic broadening outlined above and that it is in advanced discussions with them regarding a comprehensive restructuring of the Company's existing debt facilities with the objective of materially deleveraging the balance sheet, improving liquidity and aligning the capital structure with the Company's focus on developing a complementary near-term cash-flow profile alongside its longer-term growth objectives.

These discussions are ongoing and there can be no certainty as to final terms or achievement of a definitive restructuring; however, the Board believes that the alignment between lenders and the Company on its broadened strategy is constructive and supportive.