Greenland Minerals Ltd (ASX:GGG) has received the updated Social Impact Assessment (SIA) report for its Kvanefjeld Project in Greenland.
The Kvanefjeld Project is projected to be one of the largest global producers of key magnet metals including neodymium, praseodymium, dysprosium and terbium, along with by‐production of uranium and zinc.
Following a thorough and constructive review process overseen by the Greenland Government, the updated SIA and Environmental Impact Assessments (EIA) have been finalised by lead consultants.
The revised reports will be reviewed by the Greenland Government, and will be translated in preparation for a public consultation period.
Greenland Minerals managing director Dr John Mair said: “We have looked to take a thorough approach with the impact assessments, drawing on a cross‐section of expert consultants.
“The approach we have taken aims to present a clear understanding of the project to our stakeholders in Greenland.
“We will continue to work positively and cooperatively with the Greenland Government in mapping out the next steps in the permitting process and look forward to providing further updates.”
READ: Greenland Minerals and Energy welcomes new pro-mining government in Greenland
A new Greenland Government was established in May, and senior company personnel visited Greenland in June to discuss the project status.
Positive meetings were held with the minister for mineral resources Vittus Qujaukitsoq, with a focus on establishing project timelines.
Importantly, the coalition government has outlined a strongly supportive position toward mine development, and specifically support for rare earth production and associated uranium by‐production.
Greenland Minerals will continue to communicate closely with the Greenland Government through the coming weeks to establish timing constraints on the remaining steps in the permitting process.