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An announcement from Greenland Minerals Limited ( (AU:ETM) ) is now available.
Energy Transition Minerals Ltd. has provided an update on the legal proceedings involving its subsidiary, Greenland Minerals A/S, and the governments of Greenland and Denmark concerning the Kvanefjeld Rare Earths Project. The arbitration, initiated due to the Government of Greenland’s refusal to recognize GMAS’s exploitation rights under the new Uranium Act, is set for an oral hearing in June 2025, with a decision expected by September 2025. Concurrently, litigation has been filed in Greenland and Denmark to contest government decisions denying the exploitation license. The outcome of these legal proceedings could significantly impact the company’s ability to advance the Kvanefjeld Project and provide clarity for shareholders.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd (ASX: ETM) is an exploration and development company focused on developing high-quality mineral projects. The company manages exploration projects in Western Europe, North America, and Greenland. It is involved in the Kvanefjeld Rare Earths Project in Greenland, which is subject to ongoing arbitration and litigation, and other projects like the Villasrubias lithium-tantalum project in Spain and lithium projects in Quebec.
Average Trading Volume: 1,684,826
Technical Sentiment Signal: Sell
Current Market Cap: A$71.36M
For a thorough assessment of ETM stock, go to TipRanks’ Stock Analysis page.