GreenRoc reports progress with Denmark graphite pilot plant

(Sharecast News) - GreenRoc Strategic Materials said in an update on Thursday that it had taken major steps toward establishing its graphite pilot processing plant in Denmark, with the signing of a purchase agreement for a line of graphite mills from China and a rental agreement for a site near Copenhagen. The AIM-traded company, focused on developing critical mineral projects in Greenland, said it had placed an order with a leading Chinese manufacturer specialising in graphite processing equipment for the delivery of a complete set of mills and associated systems.

It said the plant would be used to produce spheronised graphite from flake graphite feedstock for use in active anode material (AAM) applications.

The equipment, including micronising and spheronisation mills with internal classifiers, cyclones and dust filters, was expected to be shipped in November and delivered to Denmark in the first quarter of 2026.

GreenRoc said the manufacturer had delivered more than 100 full-scale graphite processing lines and was known for its "high performance and robustness".

The company also confirmed it has signed a rental agreement for a 300-square-metre warehouse in Kokkedal Industrial Park, around 20 kilometres north of central Copenhagen, which would host the pilot plant.

It said the site was undergoing restoration, and was scheduled to be ready by January.

Local authorities had approved the plant's operation, including its milling and chemical purification processes.

"I am very happy that we have agreed with the equipment manufacturing company to provide the mills for our pilot plant," said chief executive Stefan Bernstein.

"The manufacturing company is specialised in this business and makes some of the best mills on the market.

"At our recent visit we inspected the production facilities and some of the full-scale production lines and were impressed by the level of skills and ingenuity."

He added that it was "perfect timing" that the company had also now secured the site for the pilot plant.

"We have been planning this for some time and navigating the process of obtaining the necessary permits for establishing and running the plant.

"With those and the rental agreement in place we are ready to receive the equipment in January 2026 and start building the plant - a very exciting year is ahead for GreenRoc."

GreenRoc said it had already received all necessary permits for establishing and operating the AAM pilot plant and was finalising the design for the purification division, with an order expected before year-end.

At 1218 GMT, shares in GreenRoc Strategic Minerals were up 6.54% at 2.77p.

Reporting by Josh White for Sharecast.com.