GreenRoc Mining PLC Board Change (7022K)
10 May 2022 - 03:10AM
UK Regulatory
TIDMGROC
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 +44 20 3950 0724
Cairn Financial Advisers LLP (Nomad)
James Caithie / Sandy Jamieson +44 20 7213 0880
ETX Capital (Broker)
Tom Curran / Thomas Smith +44 20 7392 1494
St Brides Partners Ltd (Financial
PR & IR)
Susie Geliher / Charlotte Page/ Oonagh
Reidy +44 20 7236 1177
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.
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END
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