The Company’s current focus is on the exploration of the Arctic Rift Copper (ARC) Project in Greenland with its Joint Venture partner and private exploration company Greenfields Exploration Limited (GEX). In October 2021, GreenX Metals entered into an Earn-In Agreement with GEX which will see the Company acquire an 80% interest in the Project through spending A$10.0 million over five years.
ARC is GreenX Metals’ first entry into the clean-tech metals arena at a time when global focus is on lowering emissions and decarbonisation. Simply, there is no decarbonisation without copper – vital to numerous solutions for controlling climate change.
Formerly Prairie Mining, GreenX Metals offers high potential for asymmetric returns at no cost to shareholders – a unique and uncorrelated asset class. Prairie’s A$1.5bn claim for damages against Poland, which formally commenced in September 2020, is well advanced. Prairie is represented by LALIVE, one of the world’s most renowned investment arbitration specialist law firms. The claim is proceeding at pace.
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