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An announcement from Greenland Minerals Limited ( (AU:ETM) ) is now available.
Energy Transition Minerals Ltd has provided an update on its legal proceedings concerning the Kvanefjeld Rare Earths Project in Greenland. The company is involved in arbitration with the Governments of Greenland and Denmark following the introduction of the Uranium Act, which affected its exploitation license rights. A decision from the Arbitral Tribunal on jurisdiction is expected in Q4 2025, which will determine the future course of the arbitration. Additionally, litigation processes are ongoing in both Greenland and Denmark, with the Greenland High Court expected to manage the case timetable by late 2025. Despite the lack of substantive defense from the governments involved, ETM remains committed to advancing the project and ensuring clarity for its stakeholders.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd (ETM) operates in the minerals industry, focusing on the development of rare earth projects. The company’s primary project is the Kvanefjeld Rare Earths Project in Southern Greenland, which is significant for its potential to supply rare earth elements crucial for various technological and energy applications.
Average Trading Volume: 6,782,727
Technical Sentiment Signal: Buy
Current Market Cap: A$146.5M
See more data about ETM stock on TipRanks’ Stock Analysis page.