Greenland Minerals and Energy readies to raise| MENAFN.COM

Monday, 08 August 2022 03:32 GMT

Greenland Minerals and Energy readies to raise


(MENAFN- ProactiveInvestors)

Greenland Minerals and Energy (ASX:GGG) is focussed on its Kvanefjeld rare earth-uranium project in Greenland.

Kvanefjeld is one of the most advanced undeveloped rare earth and uranium projects globally with a maiden Ore Reserve of 108 million tonnes at 362ppm U3O8 2600ppm zinc and 14300ppm total rare earth oxides.

This is sufficient to underpin an initial 37 year mine-life.

The project is poised to be a globally significant producer of high-value critical rare earth concentrates in the lowest cost quartile.

The company has now been granted an ASX trading halt pending details of a capital raising.

The halt will last until the opening of trade on Tuesday 25th August 2015 or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.