GreenX Metals (GRX) H2 2025 earnings summary

Executive summary

• Acquired Tannenberg Copper Project in Germany, expanding the exploration licence area seven-fold to 1,900 km² and initiated modern exploration programs.

• Fully acquired Eleonore North project in Greenland, with high-grade antimony and gold mineralisation confirmed; antimony prices surged due to Chinese export controls.

• Awarded up to £252 million in compensation from international arbitration against Poland, with interest accruing; Poland is contesting the award in courts.

• Selected for BHP's 2025 Xplor program, receiving US$500,000 non-dilutive funding for Tannenberg exploration.

Financial highlights

• Net loss for the year ended 30 June 2025 was $6,022,365, compared to $4,553,934 in 2024.

• Cash reserves at 30 June 2025 were $6,826,337, down from $7,170,793 the previous year.

• Net assets decreased 6% to $14,322,747 from $15,149,710 year-over-year.

• Total assets increased to $18,285,943 from $17,206,255 year-over-year.

• No dividends declared or paid for the year.

Outlook and guidance

• Focus remains on defending the arbitration award, enforcing compensation from Poland, and advancing exploration at Tannenberg and Greenland projects.

• Ongoing exploration at Tannenberg includes analysis of historical geophysical data and core sampling, with results expected in December 2025 quarter.

• Continued assessment of new business opportunities in the resources sector.