[SMM Rare Earth News Flash] Australian company Energy Transition Minerals (ETM) recently stated that its application to renew the exploration license for the Kvanefjeld rare earth project in Greenland had received a draft decision of rejection from the Greenland government, on the grounds that further exploration activities could not lead to the granting of a mining license.
The Kvanefjeld project holds 1.14 million mt of rare earth oxide resources, containing high-value elements such as praseodymium, neodymium, dysprosium, and terbium. The Greenland government's decision was primarily based on the 2021 Uranium Act, which prohibits the development of mineral projects with uranium content exceeding 100 ppm, while the Kvanefjeld ore body has a uranium content of 360 ppm.
