Greenland Mines (NASDAQ: GRML) announced that the Government of Greenland, through the Ministry of Business and Mineral Resources, has formally approved the indirect transfer of Mineral Exploration License MEL 2020-32 covering the Sarfartoq Carbonatite Complex from Neo Performance Materials Inc. to Greenland Mines. The approval satisfies a key regulatory closing condition for the company’s previously announced acquisition of the Sarfartoq Neodymium-Praseodymium (“Nd-Pr”) Rare Earths Project. Sarfartoq has a historic NI 43-101 Mineral Resource Estimate and Preliminary Economic Assessment and is supported by more than 15 years of exploration work, over 23,000 meters of drilling, extensive metallurgical test work and environmental baseline studies. The project, together with Greenland Mines’ flagship Skaergaard palladium-gold-platinum project, forms the foundation of the company’s North Atlantic Critical Metals Corridor strategy.
To view the full press release, visit: https://ibn.fm/xv5M8
About Greenland Mines
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) Biotech, including Klotho’s KLTO‑202 primary indication for ALS. The Company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
NOTE TO INVESTORS: The latest news and updates relating to GRML are available in the company’s newsroom at https:/ibn.fm/GRML
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