An independent assessment puts GreenRoc's planned Amitsoq graphite anode material at the lower end of industry benchmarks for carbon emissions.
The company reported a wider first-half loss as spending on its Amitsoq graphite project in Greenland accelerated following a 30-year exploitation licence.
GreenRoc Strategic Materials reported progress on three fronts: purification equipment shipping to its Danish pilot plant, further graphite intersections at Amitsoq, and the start of EIB advisory work on its business case.
The Greenland-focused critical minerals developer intersected graphite ore at its first drill hole, matching expected depth and thickness at the Amitsoq deposit.
The AIM-listed critical minerals developer has pulled €2 million from its Danish state-backed loan facility to fund drilling, bulk sample processing and pilot plant work.
GreenRoc Strategic Materials has signed a no-cost advisory agreement with the European Investment Bank and received Greenland government approval for Phase III drilling, while its active anode material pilot plant crosses 700kg of processed spherical graphite.
"Our pilot anode plant is delivering encouraging early processing data and providing a solid foundation for the further optimisation of particle size distribution and grain shape in our flowsheet," CEO Stefan Bernstein said.