GreenRoc Mining has acquired the Greenland-based mining assets of Alba Mineral Resources (LON: AMR) in return for shares that provide the AIM-quoted mining company with a majority stake.
The Amitsoq graphite project will take the eye of many investors. This has graphite suitable for using in the manufacture of lithium-ion batteries and demand will increase as more electric vehicles are produced.
The project that may commence production first, though, is Thule Black Sands, which has ilmenite. This project is near to AIM-quoted Bluejay Mining’s Dundas mineral sands project.
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