www.ggg.gl
Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.
Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.
Greenland Minerals and Energy managing director increases shareholding
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.
