Greenland Minerals and Energy able to supply 20%+ REEs

[Sparty]

ASX listed Greenand Energy and Minerals ASX: GGG

"Significantly, the company was able to develop a viable process flow-sheet to produce both an REO and a uranium oxide product, with potential for Kvanefjeld to supply >20% of global Rare Earth demand at low cost, given revenues from sale of other products.

"Greenland Minerals and Energy (ASX: GGG) capped off a busy March quarter gaining a new five year exploration license over northern Ilimaussaq Complex issued under Greenland?s new Mineral Resources Act, and endorsed by Greenland?s parliament.

In addition, GMEL ticked a milestone with the release of an interim report on the Kvanefjeld pre-feasibility study.


The report outlined a scope for a economically robust, large scale mining operation to produce a rare earth concentrate and uranium oxide.
Significantly, the company was able to develop a viable process flow-sheet to produce both an REO and a uranium oxide product, with potential for Kvanefjeld to supply >20% of global Rare Earth demand at low cost, given revenues from sale of other products."

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