Business
Amitsoq Update: ERMA Declares Official Support
Amitsoq Update: ERMA Declares Official Support.
About this update from Greenroc Strategic Materials Plc
[{"type":"text","content":"\n \n \n GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining\n \n \n \n \n \n \n \n 08 February 2023\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 support follows an almost three times increase in the Project's Mineral Resource Estimate to 23.05 million tonnes (Mt) at an average grade of 20.41% Graphitic Carbon (\"C(g)\"), giving a total graphite content of 4.71 Mt, cementing its position as one of the very highest-grade graphite deposits globally.\n \n \n \n \n \n \n \n \n GreenRoc's CEO, Stefan Bernstein, commented:\n \n \n \n \n \n \n \n \n \n \"We believe that this declaration of support from ERMA, part of EIT RawMaterials, is important for the development of Amitsoq. Not only does it provide validation from the raw materials consortium of the fundamental qualities of the P...