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Greenland Minerals Limited ( (AU:ETM) ) has issued an announcement.
Energy Transition Minerals Ltd (ETM) is currently facing legal challenges regarding its Kvanefjeld Rare Earths Project in Greenland due to the Greenlandic Government’s refusal to grant an exploitation license, influenced by the Uranium Act. Meanwhile, the company has secured the Penouta Mine in Spain, although the mineral resource estimates for this project are considered ‘foreign estimates’ and not yet compliant with the JORC Code. These developments could impact ETM’s operations and its positioning within the critical metals supply chain in Europe.
More about Greenland Minerals Limited
Energy Transition Minerals Ltd (ETM) operates in the critical metals industry, focusing on projects like the Kvanefjeld Rare Earths Project in Greenland and the Penouta Tin-Tantalum-Niobium Mine in Spain. The company is involved in the exploration and development of mineral resources essential for the transition to sustainable energy solutions.
Average Trading Volume: 3,845,108
Technical Sentiment Signal: Buy
Current Market Cap: A$152.1M
Learn more about ETM stock on TipRanks’ Stock Analysis page.