How GreenX Metals Is Unlocking Hidden Copper and Winning £252M Arbitration

Strategic Expansion in Germany’s Copper Heartland

GreenX Metals Limited has significantly broadened its footprint at the Tannenberg Copper Project in Germany, expanding the exploration licence area from 272 to 1,900 square kilometres. This seven-fold increase situates the project at the core of Europe’s industrial zone, enhancing its strategic importance amid rising copper demand driven by the energy transition.

The company has initiated a comprehensive historical core logging and sampling program, revisiting 47 drill holes with modern analytical tools including hyperspectral scanning. This approach aims to unlock previously under-sampled strata and identify new mineralisation zones in hanging wall limestone and footwall sandstones, potentially expanding the known high-grade copper and silver deposits.

Greenland Projects Poised to Capitalise on Critical Mineral Demand

In Greenland, GreenX is advancing two key projects – the Eleonore North and Arctic Rift Copper projects. Eleonore North has yielded outstanding antimony results, with historical samples showing grades up to 23% antimony and notable gold content. The antimony market has surged, with prices climbing to US$60,000 per tonne following China’s export restrictions, underscoring the project's growing strategic value.

The Arctic Rift Copper Project, covering 5,774 square kilometres, targets large-scale copper mineralisation in a historically underexplored region. GreenX is employing remote sensing to refine exploration plans, aiming to delineate new copper sulphide zones and native copper occurrences.

Arbitration Victory Against Poland Bolsters Financial Position

GreenX’s successful international arbitration claim against the Republic of Poland has resulted in an award of approximately £252 million (A$517 million), including interest accruing at a rate above the Sterling Overnight Index Average. This compensation relates to disputes under bilateral investment and energy treaties, reflecting the company’s resilience in navigating complex geopolitical and legal landscapes.

Despite Poland’s attempts to set aside the award through courts in England, Wales, and Singapore, GreenX is vigorously defending its position. The outcome of these legal challenges remains uncertain but is critical to the timing and certainty of the compensation payment.

Financial Health and Forward Momentum

During the quarter, GreenX raised $4.6 million through a share placement and received a non-dilutive grant of US$500,000 from BHP’s Xplor program, supporting accelerated exploration at Tannenberg. Exploration expenditure totaled $470,000, focused on both German and Greenland projects. The company maintains a strong cash position with approximately five quarters of funding available, providing a solid runway for ongoing activities.

GreenX’s strategic focus on critical minerals aligns with global supply chain shifts and increasing demand for battery and defence materials. The combination of advanced exploration techniques, geopolitical arbitration success, and financial backing positions the company as a notable player in the evolving minerals sector.