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Energy Transition Minerals Issues Retraction on Kvanefjeld Project Valuation

Story Highlights
  • Energy Transition Minerals focuses on mineral projects in Europe, North America, and Greenland.
  • The company retracts Kvanefjeld valuation, with potential arbitration damages up to USD 7.5 billion.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Energy Transition Minerals Issues Retraction on Kvanefjeld Project Valuation

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An update from Greenland Minerals Limited ( (AU:ETM) ) is now available.

Energy Transition Minerals Ltd has issued a retraction regarding the valuation of its Kvanefjeld Project, clarifying that the previously mentioned valuation should not be considered an in situ value. The company is currently engaged in arbitration with the governments of Greenland and Denmark, with potential damages ranging from USD 292 million to USD 7.5 billion, depending on the outcome of the proceedings.

More about Greenland Minerals Limited

Energy Transition Minerals Ltd (ASX: ETM) is an exploration and development company focused on high-quality mineral projects across Western Europe, North America, and Greenland. The company is involved in the Kvanefjeld Rare Earths Project, which is undergoing arbitration and legal proceedings, as well as lithium-tantalum exploration projects in Spain and Canada.

YTD Price Performance: 41.03%

Average Trading Volume: 1,764,395

Technical Sentiment Signal: Hold

Current Market Cap: A$85.33M

Find detailed analytics on ETM stock on TipRanks’ Stock Analysis page.

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