The company’s fully owned Kvanefjeld multi-element project hosts heavy rare earth elements, uranium and zinc.
Recently, the parliament demonstrated unanimous support towards Greenland’s uranium policy, wherein all political parties sought to fast-track an independent review on uranium production and associated issues.
This review also laid forth aspects of Greenland’s foreign policy, managed by Denmark.
The Danish foreign minister Villy Søvndal has indicated the country’s support of uranium production in Greenland and plans to set up foreign policy protocols to enable operations.
As uranium is a significant by-product of rare earth production from Kvanefjeld, the policies facilitate by-product revenues to GMEL and represent a major economic advantage over rare earth only operations.
In December, GMEL and the Greenland Government will undertake a Danish Embassy organized visit to South Korea to initiate talks with potential development partners.
