Dec. 10, 2025 - Greenland has awarded a 30-year exploitation licence to London-listed GreenRoc Mining Plc (GROC.L) for the Amitsoq graphite deposit. This is the third such permit the Arctic island's government has granted in 2025, as global demand for critical minerals keeps rising.

Located in southern Greenland's Nanortalik region, Amitsoq is one of the world's highest-grade graphite deposits. JORC-compliant estimates show it has 23 million tonnes of resource, with an average 20.41% graphitic carbon—equal to 4.71 million tonnes of total graphite.

The site has a historic open-cut mine that last operated in 1922, when graphite flake separation tech was new. GreenRoc now aims to speed up the mine's development. Once running, it's expected to make around 80,000 tonnes of graphite concentrate each year.

Earlier in 2025, the EU named Amitsoq a “strategic project.” This is because the deposit could become a key graphite supplier, and the EU lists graphite as a critical raw material—part of its plan to cut reliance on external suppliers for renewable energy and EV needs.

Greenland has lots of natural resources but has long struggled to grow its mining sector, due to strict rules and limited funding. However, over the past year, U.S. interest in the Danish territory has picked up, boosting mining activity there—part of global competition to secure critical minerals.

For GreenRoc, the 30-year licence is a big step for its growth, giving certainty for investing in Amitsoq. For Greenland, it's a way to use its mineral wealth for economic growth, while balancing the environment and community needs. As demand for graphite rises, Amitsoq's development will stay important for industry and policymakers.