Business
Drawdown of EUR 848k of EIFO Loan Funds
GreenRoc Strategic Materials Plc has drawn down €848,175 from the Export and Investment Fund of Denmark to fund critical next steps for its Amitsoq Graphite Deposit and Active Anode Materials pilot plant, including bulk sample collection, prefeasibility study gap analysis, Phase III drilling preparations, and pilot plant purification test work. This drawdown is part of a larger €5.2 million loan facility, which matures in five years or upon commissioning of a commercial AAM plant, with EIFO having the option to convert the loan into shares at a 20% discount to market price, subject to certain protections including a £30 million market capitalization floor and a 10% shareholding limit. Disclaimer*
About this update from Greenroc Strategic Materials Plc
[{"type":"text","content":"\n\nGreenRoc Strategic Materials Plc / EPIC: GROC / Market: AIM / Sector: Mining\n \n8 December 2025\nGreenRoc Strategic Materials Plc\n(\"GreenRoc\" or the \"Company\")\n \nDrawdown of EUR 848k of EIFO Loan Funds\n \nGreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that it has drawn down €848,175 (circa £740k) of loan funding from the Export and Investment Fund of Denmark (\"EIFO\") to cover key costs in the next phase of work related to the development of the Amitsoq Graphite Deposit and Active Anode Materials (\"AAM\") pilot plant.\n \nUse of Funds\nThe funds have been drawn down pursuant to the convertible loan agreement between EIFO and GreenRoc announced by the Company on 22 October 2025 and will be utilised for the following processes:\n \nAmitsoq Graphite Deposit\n- Collection of bulk sample from Amitsoq (complete)\n- Gap analysis (list of required data) towards Prefeasibility Study (\"PFS\")\n- Preparations for Phase III drilling in 2026\n- EIA field work 2025, activities reporting\nAAM Pilot Plant\n- Hydrofluoric acid (\"HF\")-free purification optimisation test work\n- Purchase of graphite mills\n- Warehouse for pilot plant, reconstruction and preparations for installation\nEIFO Loan Facility\n \nAs stated in the Company's RNS of 22 October 2025:\n \n- The EUR 5.2m loan facility from EIFO may be drawn down during the first two years of the term at GreenRoc's sole election, and has a maturity of 5 years or, if sooner, on the date of commissioning by GreenRoc of a commercial AAM plant.\n \n- On maturity, or sooner if GreenRoc raises £15m or more over 18 months from other sources of debt or equity capital, or a defined exit event occurs for GreenRoc, EIFO may elect either to be repaid in cash or to convert the loan into ordinary shares in the Company (\"Ordinary Shares\"), with conversion at an effective 20% discount to the Ordinary Shares' market price at that date.\n \n- Key protections have been agreed with EIFO to reduce the dilutive impact to the Company of any conversion, notably:\n \n...