rareearth developer GreenlandMining will object the Greenland government's decision to not grant a mining license to the Kvanefjeld project, as Uranium mining gets banned resources court legislation
Greenland Minerals said on Tuesday it will object to the Greenland government's draft decision to not grant it a license for the Kvanefjeld rare-earths project citing a legislation that effectively bans uranium exploration.
The Australia-listed miner said it will lodge an objection against the draft decision as it relies on a rule, which bans mining of ore bodies with uranium content of 100 parts per million or greater, that is being contested separately in the court.
The development comes amid rising interest for rights to exploit rare earth deposits in Greenland, which as per the US Geological Survey has the world's biggest undeveloped deposits of the metals needed in electric-vehicle batteries. The Greenland government will make a final decision after a consultation process on the draft decision, the miner said on Tuesday. However, it expects relief from the arbitration process to obtain the exploration license.
"Despite the current situation, we hope the legal process will allow for a fully informed assessment of the project," Mamadou said.Edited by: Reuters
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