All five of yesterday’s annual general meeting (AGM) resolutions were passed, which also included the re-election of two directors, adoption of the remuneration report and ratification of placement shares.
Greenland Minerals owns 100% of the large-scale Kvanefjeld Project in Greenland.
It is projected to be one of the largest producers globally of key magnet metals along with by‐production of uranium and zinc.
Kvanefjeld is one of the world's most advanced rare earth and uranium projects with defined JORC compliant resources of over 1 billion tonnes containing 11.1 million tonnes of rare earth oxide and 593 million pounds of uranium.
As per the April 2016 updated feasibility study, the net present value of the project is US$1.59 billion and the internal rate of return is 43.4%.
Project permitting continues with a focus on the social impact assessment (SIA) the environmental impact assessment (EIA) and the maritime safety study.