GreenX Selected for BHP Xplor's 2025 Accelerator Program
| Stock | Greenx Metals Ltd (GRX.ASX) |
|---|---|
| Release Time | 6 Jan 2025, 8:30 a.m. |
| Price Sensitive | Yes |
GreenX Selected for BHP Xplor's 2025 Accelerator Program
- GreenX selected as one of eight early-stage exploration companies for BHP Xplor 2025 program
- BHP Xplor to provide GreenX with US$500,000 in non-dilutive funding to support exploration at Tannenberg Copper Project
- Selection provides GreenX access to BHP's global expertise, networks and partnerships
GreenX Metals Limited (GreenX) has been selected as one of eight exploration companies to participate in BHP's 2025 Xplor program. The Xplor program was established in 2023 to support promising minerals explorers to accelerate the exploration needed to support the energy transition. Over a six-month program period, BHP Xplor targets development of technical, business and operational excellence within participating companies. As a 2025 BHP Xplor cohort company, GreenX will receive a one-off, non-dilutive grant of up to US$500,000, and in-kind services, mentorship, and networking opportunities with BHP and other industry experts and investors. There are no obligations or commitments on GreenX beyond the conclusion of the BHP Xplor program attached to the grant, other than certain exclusivity, pre-emption and data sharing rights. It is expected GreenX's participation in Xplor will expedite the build-out of geological concepts and the exploration timeframe at the Tannenberg Copper Project (Tannenberg or Project) in Germany. GreenX intends to use the grant to conduct geophysics programs over the Tannenberg licence area. The eight BHP Xplor 2025 cohort explorers were selected from hundreds of applicants.
GreenX's participation in the BHP Xplor program is expected to accelerate the geological concept build-out and exploration timeframe at the Tannenberg Copper Project in Germany.