Greenland Mines Ltd. has applied for a new license to expand its Sarfartoq rare earth district by approximately 262 km². This move coincides with a new security agreement between the US, Denmark, and Greenland, which aims to protect sensitive investments in critical minerals.
Greenland Mines Ltd. has applied for a new license to expand its Sarfartoq rare earth district, potentially doubling its footprint. The company's ST1 project holds a combined Indicated and Inferred resource of 12.2 million tons at 1.32% TREO, supported by a preliminary Initial Assessment showing a high-case pre-tax NPV of $2.05 billion.
Greenland Mines Ltd. is positioned as a strategic player in the rare earth sector following a new security pact between the US, Denmark, and Greenland. The company's ST1 deposit features a combined resource of 12.2 Mt at 1.32% TREO and an Initial Assessment showing a high-case pre-tax NPV of $2.05 billion.
Greenland Mines has received formal government approval to complete the acquisition of the Sarfartoq project. Additionally, the company's Skaergaard field drilling season is currently active.
