RE: RNS: 2025 Final Results and Notice of AGM1 May 2026 12:42
The EIFO loan has a five-year maturity, providing a substantial runway for value creation and allowing GreenRoc to build up value in the Amitsoq Project and its share price prior to repayment or conversion into GreenRoc shares. The agreement includes robust protections designed to reduce potential dilutive impacts in the event of conversion, such as a valuation floor and a limit on EIFO's maximum shareholding at the Plc level. As our Chairman, George Frangeskides, stated at the time, this financing agreement is "the most significant moment for GreenRoc since the creation of the Company in late 2021," enabling us to "make a major leap forward in the development of both the Amitsoq Mine and our downstream graphite processing capabilities." Peter Boeskov, CCO at EIFO, further emphasised that "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."