Business
Amitsoq update and exercise of warrants
GreenRoc Strategic Materials Plc has initiated a Request for Tender for a Phase III drilling programme at its Amitsoq graphite deposit in Greenland, aiming to gather geotechnical and structural data for a Prefeasibility Study commencing in Q4 2026. The company also announced the exercise of warrants, raising £65,384.62 through the issuance of 3,269,231 new ordinary shares. Preparations are underway for the arrival of graphite mills for the anode materials pilot plant in Denmark, a project supported by a £1.2 million EUDP grant. GreenRoc has also submitted updated data for its ongoing independent ESG assessment by Digbee. Disclaimer*
About this update from Greenroc Strategic Materials Plc
[{"type":"text","content":"\n\nGreenRoc Strategic Materials Plc / EPIC: GROC / Market: AIM / Sector: Mining\n\n \n29 January 2026\nGreenRoc Strategic Materials Plc\n(\"GreenRoc\" or the \"Company\")\n \nAmitsoq Operations Update\n \nExercise of Warrants\n \nGreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that a Request for Tender for the planned Phase III drilling programme at the Company's Amitsoq graphite deposit in south Greenland (\"Amitsoq\") has been sent to a selection of drilling companies. The Company also announces receipt of notices to exercise warrants over a total of 3,269,231 new ordinary shares of 0.1 pence each in the Company (\"Warrant Shares\") at an exercise price of 2p per Warrant Share, raising £65,384.62 for the Company.\n \nPhase III Drilling at Amitsoq\n \nThe current mineral resource at Amitsoq of 23.05 million tonnes (\"Mt\") at 20.41% graphitic carbon (JORC measured, indicated and inferred), estimated on the basis of the successful drilling programmes in 2021 and 2022, was announced on 23 January 2023. The estimated resource of 1.26Mt at 22.05% in the measured category and 6.12Mt at 21.04% in the indicated category can sustain significant mining operations at a nominal mining rate of 400,000t per year for more than 18 years. As such, the planned supplementary Phase III drilling programme will serve mainly to provide important geotechnical and structural information related to the Prefeasibility Study (\"PFS\") which is planned to start in Q4 2026. The results of the Phase III drilling will also assist in refining the mine design and provide information about the extension of the graphite orebodies which are indicated at surface to stretch for another 500m in a northeast-ward direction from the Phase I and II drill holes.\n \nThe Request for Tender has been sent to a total of ten drilling companies with experience of Arctic and sub-Arctic drilling programmes. The drilling programme is planned for this summer and will comprise 10-15 drill holes for 2,000-2,500m of drilling. The Phase III programme is based on the outcome of a Gap Analysis commissioned by GreenRoc from technical consultants SLR Consulting in December 2025 to confirm the full geological and geotechnical dataset ...