Greenland Mines applies for exploration license for Sarfartoq area
Greenland Mines (NASDAQ: GRML) applied to the Government of Greenland for a new exploration license covering about 262 square kilometres east of its existing Sarfartoq license.
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Greenland Mines applies for 262 km² license near Sarfartoq district
Greenland Mines applied for a new 262 km² exploration license east of Sarfartoq in West Greenland, expanding its contiguous district footprint to about 454 km² from about 192 km². The move targets faster development of the ST1 rare earth deposit, which has a high-case pre-tax NPV of about USD 2.05 billion. The added ar