GreenX Metals (GRX) Q2 2025 TU earnings summary

Executive summary

• Selected for BHP's 2025 Xplor program, securing US$500,000 non-dilutive funding for Tannenberg Copper Project in Germany.

• Awarded up to £252 million in compensation from successful arbitration against Poland, with interest accruing at ~£14 million per annum.

• Enhanced technical team and exploration focus in Greenland, targeting critical minerals at Eleonore North and Arctic Rift Copper projects.

Financial highlights

• Cash balance at 31 December 2024 was A$5 million, plus US$0.5 million dedicated to Tannenberg exploration.

• Net cash used in operating activities for the quarter was A$948,000; net cash used in investing activities was A$120,000.

• No mining or production revenue; primary cash outflows were for exploration, staff, and corporate costs.

• Estimated seven quarters of funding available based on current cash and unused finance facilities.

Outlook and guidance

• Intends to return majority of arbitration award cash to shareholders upon satisfaction of the award.

• Ongoing review and re-design of Greenland exploration programs, with focus on antimony-gold systems at Eleonore North.

• Further updates expected as new historical and regional geological data are released for Greenland projects.