Stefan Bernstein of GreenRoc: MoU is important step towards bringing Amitsoq Graphite Project into production
Episode 1237, Mar 07, 2023, 01:32 PM
Stefan Bernstein CEO of GreenRoc Mining #GROC explains how the MoU with LNS represents another important step forward for GreenRoc in bringing the Amitsoq Graphite Project into production.
Highlights
· The MoU provides a framework for LNS and GreenRoc to explore the commercial opportunities relating to Amitsoq, and the potential appointment of LNS as the civil, mining and/or logistics contractor for Amitsoq during the construction and operational phases.
· LNS is a significant civil and mining contractor with decades of experience as a mine operator in Norway and Greenland, as well as in large-scale construction and infrastructure projects encompassing underground mine development and the development of tunnels, ports, roads and airports.
· GreenRoc and LNS have entered phase 1 of the discussions, focused on a detailed review of the construction and operational requirements for Amitsoq. A successful outcome from this phase will lead into work on heads of terms and definitive agreements.
· The MoU also envisages discussions between the parties on other possible commercial outcomes, such as debt/equity financing, joint venture and procurement (of staff, equipment, and services) at Amitsoq or GreenRoc's other projects.
· While the focus of the MoU will be on Amitsoq, discussions may be expanded in due course to encompass the plans for GreenRoc's other projects in Greenland, namely Thule Black Sands and Melville Bay Iron.
To read the full RNS click here
Highlights
· The MoU provides a framework for LNS and GreenRoc to explore the commercial opportunities relating to Amitsoq, and the potential appointment of LNS as the civil, mining and/or logistics contractor for Amitsoq during the construction and operational phases.
· LNS is a significant civil and mining contractor with decades of experience as a mine operator in Norway and Greenland, as well as in large-scale construction and infrastructure projects encompassing underground mine development and the development of tunnels, ports, roads and airports.
· GreenRoc and LNS have entered phase 1 of the discussions, focused on a detailed review of the construction and operational requirements for Amitsoq. A successful outcome from this phase will lead into work on heads of terms and definitive agreements.
· The MoU also envisages discussions between the parties on other possible commercial outcomes, such as debt/equity financing, joint venture and procurement (of staff, equipment, and services) at Amitsoq or GreenRoc's other projects.
· While the focus of the MoU will be on Amitsoq, discussions may be expanded in due course to encompass the plans for GreenRoc's other projects in Greenland, namely Thule Black Sands and Melville Bay Iron.
To read the full RNS click here