Greenland Minerals seeks talks with new gov't over fate of rare earths project

Greenland Minerals seeks talks with new gov’t over fate of rare earths project
Greenland Minerals has sought legal advice regarding its rights to continue developing Kvanefjeld. (
Australia’s
Greenland Minerals (ASX: GGG) said today it is seeking to engage in talks with Greenland’s authorities over its Kvanefjeld rare earth project, as the newly-formed government opposes the development.
The uranium and rare earths-rich Arctic island has gained notoriety in the past two years following former U.S. President Donald Trump’s offer to buy it. The move sought to partly help address Chinese dominance of the rare earths market, as the nation accounts for almost 80% of the global mined supply of the elements used in everything from hi-tech electronics to military equipment.

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