Drawdown of EUR 848k of EIFO Loan Funds

GreenRoc Strategic Materials Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that it has drawn down €848,175 (circa £740k) of loan funding from the Export and Investment Fund of Denmark ("EIFO") to cover key costs in the next phase of work related to the development of the Amitsoq Graphite Deposit and Active Anode Materials ("AAM") pilot plant.

Use of Funds

The funds have been drawn down pursuant to the convertible loan agreement between EIFO and GreenRoc announced by the Company on 22 October 2025 and will be utilised for the following processes:

Amitsoq Graphite Deposit

• Collection of bulk sample from Amitsoq (complete)
• Gap analysis (list of required data) towards Prefeasibility Study ("PFS")
• Preparations for Phase III drilling in 2026
• EIA field work 2025, activities reporting

AAM Pilot Plant

• Hydrofluoric acid ("HF")-free purification optimisation test work
• Purchase of graphite mills
• Warehouse for pilot plant, reconstruction and preparations for installation

EIFO Loan Facility

As stated in the Company's RNS of 22 October 2025:

• The EUR 5.2m loan facility from EIFO may be drawn down during the first two years of the term at GreenRoc's sole election, and has a maturity of 5 years or, if sooner, on the date of commissioning by GreenRoc of a commercial AAM plant.
• On maturity, or sooner if GreenRoc raises £15m or more over 18 months from other sources of debt or equity capital, or a defined exit event occurs for GreenRoc, EIFO may elect either to be repaid in cash or to convert the loan into ordinary shares in the Company ("Ordinary Shares"), with conversion at an effective 20% discount to the Ordinary Shares' market price at that date.
• Key protections have been agreed with EIFO to reduce the dilutive impact to the Company of any conversion, notably:
• the inclusion of a valuation floor - if GreenRoc's market capitalisation is less than £30m on conversion, it will be treated for the purposes of conversion as if it has a market capitalisation of £30m;
• EIFO may not, as a result of conversion, hold more than 10% of the issued share capital of GreenRoc, with any balance being repaid in cash or otherwise by conversion into shares in GreenRoc's graphite-related subsidiaries, subject to an independent valuation; and
• if EIFO elects to convert the loan into Ordinary Shares, the Company may instead elect to repay the loan in cash and to issue share options to EIFO in an aggregate value corresponding to 20% of the amount repaid in cash.

Other Developments

Greenroc is presently reviewing proposals from leading mineral processing consultancies for the production of graphite concentrate from the collected bulk sample. This concentrate will then be used as the feedstock for the AAM Pilot Plant, once operational.

GreenRoc's CEO, Stefan Bernstein, commented:

"The receipt of these first funds from EIFO marks a significant milestone in advancing our Amitsoq graphite project and the development of our AAM plant. These funds will enable us to start building our pilot AAM plant as well as undertaking drilling preparations and environmental studies at the Amitsoq deposit. It will also cover some costs that have already been incurred, such as the collection of a bulk sample completed in autumn 2025. We are grateful for EIFO's continued support and look forward to updating the market as we achieve further milestones."