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LONDON - GreenRoc Strategic Materials Plc (AIM:GROC), a mining company specializing in critical minerals, has been acknowledged by the European Commission, which granted its Amitsoq Graphite Project in Greenland the status of a "Strategic Project" under the EU’s Critical Raw Materials Act (CRMA). This designation, announced today, recognizes the project’s significance in providing graphite for Advanced Anode Material (AAM) and its potential contribution to the EU’s raw material supply chain resilience.
The CRMA aims to secure a sustainable and diversified supply of critical raw materials crucial for the EU’s green and digital transitions, as well as for defence and space applications. Strategic Projects identified under this legislation are considered vital for the EU’s objectives and can receive support such as expedited permitting processes and potential financial assistance.
Greenland, classified as an Overseas Country and Territory (OCT) associated with the EU, is the location of the Amitsoq Project. The project’s Strategic Project status is a first for a minerals initiative in Greenland and may pave the way for direct European domestic production of graphite.
GreenRoc’s CEO, Stefan Bernstein, expressed satisfaction with the EU’s recognition of Amitsoq’s strategic and commercial value. He noted the project’s importance to European industry and anticipated a visit from Stéphane Séjourné, EU Commissioner for Prosperity and Industrial Strategy, later this year.
The company anticipates that this new status will foster collaboration with the Government of Greenland and EU institutions to advance the project, which aligns with the EU’s strategy to bolster its supply chain resilience.
This news comes as the EU continues to prioritize the development of internal sources for critical raw materials, seeking to reduce reliance on external providers and enhance its industrial strategy.
The information for this article is based on a press release statement from GreenRoc Strategic Materials Plc.
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