Business
GROC Update
GROC Update.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining\n \n \n \n \n \n 8 February 2023\n \n \n Alba Mineral Resources Plc\n \n \n (\"Alba\" or the \"Company\") \n \n \n \n \n \n GROC Update\n \n \n European Raw Materials Alliance Declares Official Support\n \n \n for Amitsoq Graphite Project\n \n \n Alba Mineral Resources Plc (AIM: ALBA) is pleased to note the announcement today by its portfolio company, GreenRoc Mining Plc (\"GreenRoc\") (AIM: GROC), that the European Raw Materials Alliance has declared its official support for the Amitsoq Graphite Project in southern Greenland. Alba holds a 50.6% majority interest in GreenRoc.\n \n \n The GreenRoc announcement is set out below without material changes.\n \n \n \n \n \n \n GreenRoc Mining plc\n \n \n \n (\"GreenRoc\" or the \"Company\")\n \n \n \n \n \n \n \n \n Amitsoq Graphite Update\n \n \n \n \n European Raw Materials Alliance Declares Official Support for Amitsoq\n \n \n \n \n \n \n \n \n GreenRoc Mining plc (AIM: GROC),\n a company focused on the development of critical mineral projects in Greenland,\n is delighted to announce that, following a detailed evaluation process, the European Raw Materials Alliance (\"ERMA\"), managed by the EIT RawMaterials, a world- leading raw materials consortium, has declared its official support for the Company's Amitsoq Graphite Project in southern Greenland (\"Amitsoq\" or the \"Project\").\n \n \n \n \n \n \n Key Points\n \n \n \n \n \n \n ·\n It is the primary role of ERMA to secure raw materials and raw material supply chains for Europe to support industrial ecosystems within the European Union.\n \n \n ·\n ERMA and EIT RawMaterials have issued a formal letter of support for the Amitsoq Graphite Project, stating it to be a resource of \"global importance\".\n \n \n ·\n ERMA and EIT RawMaterials have established a dedicated investment channel for raw materials projects and have indicated their support for GreenRoc Mining to secure the financing needed for the development of Amitsoq.\n \n \n ·\n GreenRoc is focussed on fast-tracking the Project to production to meet burgeoning graphite demand from electric vehicle manufacturers.\n \n \n ·\n The letter of support follows a detailed evaluation process by ERMA and industry technical experts.\n \n \n ·\n The letter of...