Board Change

RNS Number : 7022K

GreenRoc Mining PLC

09 May 2022

 

GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining

9 May 2022

GreenRoc Mining Plc

("GreenRoc" or the "Company")

Board Change

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, announces that Kirk Adams, CEO, has tendered his resignation from the Board. Mr Adams is stepping down for personal reasons. The Board of GreenRoc has accepted his resignation, with 6 May 2022 being his last day with the Company. Lars Brünner , Non-Executive Director, has taken over the role of CEO while the Company seeks to appoint a long-term successor to the post.

Chairman George Frangeskides said:

"I would like to thank Kirk for his stewardship of the Company since the IPO and to wish him every success in his future endeavours. 

"The Company is in excellent hands with Lars Br ü nner stepping up as interim CEO while we complete the process for appointing a permanent CEO.  Lars has a tremendous knowledge of and affinity to Greenland, allied to strong connections with key Greenlandic stakeholders.  He has also been heavily involved in the preparations for this summer's field programmes, including the planned EIA and SIA work activities.

"We will be announcing further details in respect of our forthcoming field work programmes in the coming days."

**ENDS**

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

GreenRoc Mining Plc Lars Brünner , Interim CEO	[phone]
Cairn Financial Advisers LLP (Nomad)  James Caithie / Sandy Jamieson	[phone]
ETX Capital (Broker) Tom Curran / Thomas Smith	[phone]
St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Charlotte Page/ Oonagh Reidy	[phone]

About GreenRoc

GreenRoc Mining Plc is an AIM-quoted company, which is developing mining projects in Greenland in high-demand and high-value critical minerals.

Led by a group of highly experienced mining industry professionals, GreenRoc has a portfolio of 100% owned projects:

·   Amitsoq Graphite, one of the highest-grade graphite deposits in the world with a combined Indicated and Inferred JORC Resource of 8.28 million tonnes (Mt) at an average grade of 19.75% giving a total graphite content of 1.63 Mt.

·   Thule Black Sands Ilmenite ('TBS'), which has an initial Mineral Resource of 19Mt@ 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%.

· Melville Bay Iron, which has a Mineral Resource Estimate of 67Mt at 31.4% iron and has been proven to be processable to a high-grade, 70% concentrate with low impurities.

· Inglefield Multi-Element , which has the potential to host a range of mineralisation styles, including iron oxide-copper-gold.

 

END

 

 

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