GreenX Metals (GRX) Q4 2026 TU earnings summary

Executive summary

• Announced a significant Exploration Target at the Tannenberg Copper Project in Germany, indicating potential for a globally significant copper-silver endowment, with modern geological modeling and validation from historical and recent data.

• Early-stage mineralogy and processing studies confirm Tannenberg's mineralisation is consistent with major Polish Kupferschiefer mines, supporting a conventional flotation-based processing route.

• Fieldwork commenced at Eleonore North in Greenland, targeting gold, tungsten, and antimony, with new high-priority targets identified through hyperspectral analysis.

• Singapore Court dismissed Poland's application to set aside a major arbitration award, upholding the company's right to compensation.

Financial highlights

• Cash and cash equivalents at quarter end were A$13.4 million.

• Net cash used in operating activities for the quarter was A$2.0 million.

• Net cash used in investing activities was A$6,000 for the quarter.

• Proceeds from equity issues during the year totaled A$14.1 million.

• Payments to related parties during the quarter were A$262,000.

Outlook and guidance

• Ongoing exploration at Tannenberg includes metallurgical test work, seismic surveys, and an initial drill program planned for late 2026.

• Eleonore North fieldwork aims to confirm drill-ready targets and collect bulk samples for metallurgical testing.

• The company expects to continue defending its arbitration awards and updating the market as proceedings progress.