Greenland Minerals seeks consultation with new Greenland Government on Kvanefjeld Project
The company will initiate a dialogue with the new government over the protection and enforcement of its legal position, including the right to be granted an exploitation licence for the Kvanefjeld Project. Kvanefjeld is well-placed to meet a surge in rare earth demand generated by the transition to electric vehicles along with growth in renewable energy.
Greenland Minerals Ltd (ASX:GGG) (OTCMKTS:GDLNF) (FRA:G7P) is seeking to consult with the new coalition government in regard to its Kvanefjeld Rare Earth Project.
The company has sought legal advice regarding its rights to continue development of the project after the new government, formed by two political parties, Inuit Ataqatigiit (IA) and Naleraq, publicly stated a political intention to cease the development.
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.