GreenX Metals

GreenX Metals Limited is a minerals exploration company focused on copper and other energy transition metals. GreenX has an exploration project located in Greenland targeting copper mineralization with a flagship exploration asset in central West Greenland, the Arctic Rift Copper project.

The Arctic Rift Copper project is a 5,774 sq. km. special exploration license considered prospective for sedimentary-hosted copper deposits analogous to the prolific historical native copper mining district in Michigan's Upper Peninsula. Exploration work at Arctic Rift Copper by GreenX has revealed widespread high-grade copper at surface. GreenX can earn an 80% interest in the project by spending A$10 million on exploration by October 2026.

GreenX had approximately A$2.6 million in cash at the end of 2022 and an undrawn A$6.1 million funding facility provided by litigation funder LCM to cover the costs related to its international arbitration claim. With its exploration project at an early stage, GreenX intends to use recent capital-raising proceeds along with existing cash reserves to fund additional exploration work in Greenland and identify other business opportunities in the resource sector.