GreenRoc Mining makes London debut
Greenland-focused GreenRoc Mining on Tuesday started trading on London’s Aim, offering investors exposure to a diversified mix of commodities designated as critical minerals by the EU and US.
The company has raised gross proceeds of £5.12-million through the issue of 51.2-million new ordinary shares at £0.1 each, implying a market capitalisation of £11.1-million on admission.
Supported the fundraising, GreenRoc would fast-track exploration, CEO Kirk Adams said on Tuesday.
“We have carefully planned 12-month work programmes spanning our two priority assets, the Amitsoq graphite and the Thule Black Sands ilmenite projects,” he said.
It is the company’s objective to have at least one, if not both Amitsoq and Thule Black Sands established as development projects within a year of admission.
Besides these assets, GreenRock also owns the Melville Bay iron project and the Inglefield multi-element project.
GreenRoc was established following Alba’s divestment of its Greenlandic mining assets. Alba is the majority shareholder of GreenRoc with a 54% stake.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation