Energy Transition Minerals (ASX: ETM) said on Tuesday that Greenland does not intend to renew the exploration licence for its Kvanefjeld rare earths project
The draft decision represents another setback for one of the territory’s largest undeveloped critical minerals projects, which would include a mine, concentrator and refinery
The move stems from Greenland’s 2021 Uranium Act, which effectively prohibits uranium prospecting, exploration and extraction, and is currently the subject of ongoing legal proceedings over its application to Kvanefjeld