Alba has a 42.97% shareholding in GreenRoc Mining Plc, which owns three critical minerals projects in Greenland. All of GreenRoc’s assets were acquired from Alba on GreenRoc’s IPO in September 2021.
GreenRoc owns and operates a portfolio of high-grade mining projects in the mining-supportive jurisdiction of Greenland, which includes: Thule Black Sands Ilmenite Project, Amitsoq Graphite Project and Melville Bay Iron Project.
GreenRoc’s portfolio has a particular focus on graphite and titanium, which have been designated as critical minerals by the EU and USA. The demand for graphite is forecasted to increase by 2,500%, driven by its use in the fast-growing EV sector.
GreenRoc’s strategy is focused on fast-tracking exploration to significantly add to the inherent value of its assets and move towards development, with a particular focus on its two priority assets: the Amitsoq Graphite Project and the Thule Black Sands Ilmenite Project.