Greenland Minerals hopes for meeting with new government

ASX-listed Greenland Minerals on Wednesday said that it was seeking consultation with the new Greenland government following the national election in April.

The new coalition government, which consists of the Inuit Ataqatigiit and Naleraq parties, has publicly stated a political intention to cease the development of Greenland Minerals’ Kvanefjeld rare earths project, due to the presence of uranium as a by-product.

While Kvanefjeld’s development strategy is focused on the production of rare earths, it also incorporates the by-production of zinc, uranium and fluorspar, with the uranium occurring at relatively low grades compared to most primary uranium mines.