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EIFO Drawdown
GreenRoc Strategic Materials Plc has drawn down a further €2,000,000, approximately £1.7 million, from the Export and Investment Fund of Denmark (EIFO) to fund operational costs for the Amitsoq Graphite Deposit and Active Anode Materials pilot plant. This latest tranche, following previous drawdowns of €848,175 and €1,050,000, will support pre-test work, bulk sample processing, Phase III drilling, and AAM pilot plant purification optimisation. The EIFO loan is not repayable or convertible until December 2030, and €1,301,825 remains available to cover the full 2026 work programme and corporate costs. Disclaimer*
About this update from Greenroc Strategic Materials Plc
GreenRoc Strategic Materials Plc / EPIC: GROC / Market: AIM / Sector: Mining 26 June 2026 GreenRoc Strategic Materials Plc ("GreenRoc" or the "Company") Drawdown of EUR 2,000,000 of EIFO Loan Funds GreenRoc 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 a third tranche of loan funding amounting to €2,000,000 (circa £1.7m) from the Export and Investment Fund of Denmark ("EIFO") to cover operational costs related to the development of the Amitsoq Graphite Deposit and Active Anode Materials ("AAM") pilot plant. EIFO Draw-down; Use of Funds The funds have been drawn down pursuant to the convertible loan agreement between EIFO and GreenRoc (the "Agreement") announced by the Company on 22 October 2025 and will be utilised for the following items of the work programme: Amitsoq Graphite Deposit - Completion of pre-test work at SGS Lakefield, Canada on a 300kg subsample from the 18t bulk sample collected underground at Amitsoq in fall 2025 - Initial 50% payment for processing of full 18t bulk sample - Phase III drilling programme and associated logistics and contractors - Geotechnical consultancy by SLR - On-site visit by SLR consultants and Competent Person/Chartered Geologist Dr. John Arthur - Near-coast bathymetry survey - Surveying of drill collars and underground historic mine workings AAM Pilot Plant - Hydrofluoric acid ("HF")-free purification optimisation test work - Installation of vents for fume scrubber and ovens - Payment for purification line EIFO Loan Facility Details of the Agreement were set out in the Company's announcement on 22 October 2025. This drawdown follows the first drawdown in December 2025 of €848,175, and the second drawdown of €1,050,000 in March 2026. Following this, €1,301,825 remains to be drawn and is anticipated to cover the full 2026 work programme including corporate costs for the period. The entirety of the 2026 work programme will include Phase III drilling, processing of the full 18t bulk graphite ore sample, and construction and initial operation of the AAM ...
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