Member Info for Mullins58

Graphite demand is projected to grow significantly, driven primarily by the clean technology sector, especially electric vehicle (EV) batteries and energy storage. Projections show demand rising from around 3.9 million tonnes in 2021 to over 11 million tonnes by 2034, with total demand reaching approximately 16 million tonnes by 2040. This growth is leading to increased efforts to diversify the supply chain beyond China, with new projects emerging in regions like North America, Europe, and Africa.

Graphite demand is projected to grow significantly, driven primarily by the clean technology sector, especially electric vehicle (EV) batteries and energy storage. Projections show demand rising from around 3.9 million tonnes in 2021 to over 11 million tonnes by 2034, with total demand reaching approximately 16 million tonnes by 2040. This growth is leading to increased efforts to diversify the supply chain beyond China, with new projects emerging in regions like North America, Europe, and Africa.

This will be fast tracked by the EU.

Https://www.msn.com/en-gb/news/other/expanding-us-rare-earths-supply-chain/vi-AA1OV6ZW?ocid=msedgdhp&pc=U531&cvid=68f8782b8a5f4cf6b618bcfd3f937701&ei=19

Smkr , REM funding next !

· being able to fund the completion of Phase 3 infill and geotechnical drilling will enable the Company to proceed the Mine to the PFS/DFS stage; and

· being able to fund the completion of Phase 3 infill and geotechnical drilling will enable the Company to proceed the Mine to the PFS/DFS stage; and

Very Positive

EIFO is interested in continued support of GreenRoc in collaboration with other financial partners and investors."

Excellent News. ATB

Alba's Executive Chairman, George Frangeskides, commented:

"This financing agreement reached with the Danish Export and Investment Fund is the most important milestone for GreenRoc since its IPO in late 2021. Access to this funding will enable the company to make a major leap forward in the development of both the Amitsoq Mine and its downstream graphite processing capabilities and thereby create significantly enhanced shareholder value for Alba and all other GreenRoc shareholders."

Https://www.londonstockexchange.com/news-article/ALBA/investee-company-update/17289660

GreenRoc's Chairman, George Frangeskides, commented:

"This financing agreement reached with EIFO is the most significant moment for GreenRoc since the creation of the Company in late 2021. Access to this funding will enable us to make a major leap forward in the development of both the Amitsoq Mine and our downstream graphite processing capabilities.

"This funding also has one other key advantage for GreenRoc and its shareholders, which is that in the ordinary course it will not be repayable for a full five years, which gives us a substantial runway to utilise the funds and build greater value in the Amitsoq Project and the Company's share price before the funds become due for repayment.

"This agreement is the culmination of a great deal of thought and hard work by the GreenRoc and EIFO teams to arrive at a financing package which makes sense for both of us. I would like to thank the EIFO team for their unwavering efforts in helping to make this financing a reality and for their confidence in our ambition to position the Amitsoq Project as a cornerstone of Europe's electric vehicle raw material supply chain."

GreenRoc's CEO, Stefan Bernstein, commented:

"We are delighted to have signed this loan agreement with EIFO. It will provide us with vital funds to advance our graphite business with regard to the Amitsoq Mine and the graphite Active Anode Materials plant. The funds will finance some of the more costly parts of our work programme, such as acquiring a pilot plant to process graphite flakes into spherical purified graphite, the essential part of graphite anode material for Li Batteries, as well as having our bulk sample from Amitsoq treated to extract graphite concentrate for use at our pilot plant. I am eager to get on with all those activities over the coming months.

"The loan facility from EIFO is a very welcome financing opportunity, provides flexibility and a degree of certainty for the future. With the Project having been reviewed by EIFO's financing team, which has seen literally hundreds of mining projects over the years, I also regard the loan facility as a quality stamp and a strong endorsement of the Amitsoq Project."

Peter Boeskov, CCO at EIFO, commented:

"EIFO is pleased to support GreenRoc as the company takes its next crucial steps towards contributing to the supply of indispensable raw materials for Europe's green transition and defence industry. The project aligns very closely with EIFO's strategic ambitions to support viable and impactful projects in Greenland, while also reinforcing business activities that contribute to the security of supply of critical minerals in Europe, and to wider geopolitical priorities. Developing mining projects requires capital and if everything goes according to plan, EIFO is interested in continued support of GreenRoc in collaboration with other financial partners and investors."

Peter Boeskov, CCO at EIFO, commented:

"EIFO is pleased to support GreenRoc as the company takes its next crucial steps towards contributing to the supply of indispensable raw materials for Europe's green transition and defence industry. The project aligns very closely with EIFO's strategic ambitions to support viable and impactful projects in Greenland, while also reinforcing business activities that contribute to the security of supply of critical minerals in Europe, and to wider geopolitical priorities. Developing mining projects requires capital and if everything goes according to plan, EIFO is interested in continued support of GreenRoc in collaboration with other financial partners and investors."

GreenRoc's CEO, Stefan Bernstein, commented:

"We are delighted to have signed this loan agreement with EIFO. It will provide us with vital funds to advance our graphite business with regard to the Amitsoq Mine and the graphite Active Anode Materials plant. The funds will finance some of the more costly parts of our work programme, such as acquiring a pilot plant to process graphite flakes into spherical purified graphite, the essential part of graphite anode material for Li Batteries, as well as having our bulk sample from Amitsoq treated to extract graphite concentrate for use at our pilot plant. I am eager to get on with all those activities over the coming months.

"The loan facility from EIFO is a very welcome financing opportunity, provides flexibility and a degree of certainty for the future. With the Project having been reviewed by EIFO's financing team, which has seen literally hundreds of mining projects over the years, I also regard the loan facility as a quality stamp and a strong endorsement of the Amitsoq Project."

GreenRoc's Chairman, George Frangeskides, commented:

"This financing agreement reached with EIFO is the most significant moment for GreenRoc since the creation of the Company in late 2021. Access to this funding will enable us to make a major leap forward in the development of both the Amitsoq Mine and our downstream graphite processing capabilities.

"This funding also has one other key advantage for GreenRoc and its shareholders, which is that in the ordinary course it will not be repayable for a full five years, which gives us a substantial runway to utilise the funds and build greater value in the Amitsoq Project and the Company's share price before the funds become due for repayment.

"This agreement is the culmination of a great deal of thought and hard work by the GreenRoc and EIFO teams to arrive at a financing package which makes sense for both of us. I would like to thank the EIFO team for their unwavering efforts in helping to make this financing a reality and for their confidence in our ambition to position the Amitsoq Project as a cornerstone of Europe's electric vehicle raw material supply chain."

Https://www.londonstockexchange.com/news-article/GROC/eur-5m-secured-loan-facility/17289510

Https://www.londonstockexchange.com/news-article/GROC/eur-5m-secured-loan-facility/17289510

Lovely !