Greenland Minerals and Energy (ASX: GGG) managing director Roderick McIllree acquired 1,052,343 shares at $0.723 on 16 May in on market purchases.
McIllree purchased the shares for a consideration of $761,544 and now holds a direct stake of 6,242,663 shares.
He also holds 4,543,793 quoted options and 2.2 million unvested unlisted director options.
On May 18 Greenland Minerals and Energy consolidated its ground position around the Ilimaussaq Complex in south Greenland that hosts the world‐class Kvanefjeld multi‐element resource.
GMEL's application for the available exploration licenses was approved by the Greenland Government and no consideration was paid outside of normal license application fees.
The Ilimaussaq Complex contains the world’s largest JORC rare earth Resource, uranium, zinc, as well as the three recently discovered deposits at Steenstrupfjeld, Zone 2, and Zone 3.