Greenland Mines Ltd. (NASDAQ: GRML) Management Outlines Pipeline, Path from Exploration to Production
Company president notes access to NA capital and finance experts, key management team and deep operational, logistical and technical expertise. The company's first project is Skaergaard, a deposit dominated by palladium and gold. Greenland Mines’ second project, Sarfartoq, targets neodymium and praseodymium, two rare earth elements used in powerful magnets. China mines more than two-thirds of the world's rare earth elements and processes up to 90% of them. That concentration concerns Western governments and manufacturers alike. Export controls from Beijing have already pushed up prices and disrupted supply chains for the magnets used in cars, wind turbines and defense systems.…
