LONDON, UK: GreenRoc Mining plc, a company developing critical mineral projects in Greenland, has received a grant of about £250,000 from the UK’s Automotive Transformation Fund (ATF) to study the feasibility of setting up a graphite spheronisation processing plant in the UK.
The plant would produce active anode material for electric vehicle (EV) batteries and fuel cells from graphite concentrate sourced from GreenRoc’s Amitsoq Graphite Project in southern Greenland.
The ATF is a government-funded programme that aims to accelerate the transition to a net-zero automotive industry in the UK. The ATF believes that GreenRoc’s project could have significant strategic benefits for the UK in terms of security of supply and resilience in the EV battery sector.
GreenRoc’s CEO, Stefan Bernstein, said that the grant funding represents a step forward in establishing a robust supply chain of anode material and will also help bolster the British car industry’s competitiveness in the race to supply EVs to the European market. He added that he hopes to make a strong business case for potential joint venture partners and investors to join forces with GreenRoc to make the production of anode material in the UK a reality.
The feasibility study will start in Autumn 2023 and is expected to be completed by May 2024. GreenRoc will act as project manager, with input from four expert consultants.