London Stock Exchange welcomes GreenRoc Mining plc to AIM
GreenRoc Mining plc (GROC), the Greenland-focused mining explorer, began trading on Tuesday 28 September on London Stock Exchange’s AIM. The IPO raised £5.1 million with a total market capitalisation of £11.1 million on Admission.
The Company is working to become a key supplier of critical, high-demand, high-value minerals to fast-growing end markets, benefitting from long-term structural drivers such as the energy transition. It has four diverse mineral projects within its portfolio including its flagship Amitsoq Graphite Project – a high grade flake graphite project in Southern Greenland. A drilling programme was completed in the summer of 2021 targeting a maiden Mineral Resource, with the results due to be announced in Q4 2021.
GreenRoc’s other assets located in north-west Greenland include: the Thule Black Sands Project – a high-grade ilmenite project where extensive drilling and an MRE has already been completed; the Melville Bay Iron project; and the Inglefield Multi-Element Project, which is prospecting for copper, gold, cobalt and nickel mineralisation.
The members of the Company's Board have deep expertise in mining and mine development, considerable knowledge of Greenland and the Greenlandic mining sector, as well as expertise in corporate finance, legal and regulatory issues, ecology and the environment. Led by CEO Kirk Adams who is a graduate of Camborne School of Mines, the board also includes George Frangeskides (Non-Executive Chairman), who has over 25 years in the mining, legal and corporate advisory sectors in Australia and the United Kingdom and was highly instrumental in assembling GreenRoc's portfolio of assets. The board also comprises Jim Wynn (Finance Director), an experienced finance professional and ex-CFO of Rainbow Rare Earths; Mark Austin (Non-Executive Director) who has significant management and operational experience in a career spanning four decades across a range of commodities and is Alba's Chief Operating Officer and Senior Geologist; Lars Brünner (Non-Executive Director) an Environmental Consultant for more than 30 years, and previous Arctic Mining and Environment, Business Development Leader for Golder Associates A/S; and Mark Rachovides (Non-Executive Director) who is President of the European Association of Mining Industries, Metal Ores & Industrial Minerals, the recognised representative of the European Metals and Minerals Industry.
GreenRoc’s core aim is to leverage its deep management experience in Greenland and emerge as a key supplier of high demand critical minerals to dynamic European, North American and international markets.