MiningNewsBreaks – Greenland Mines Ltd (NASDAQ: GRML) Receives Greenland Government Approval for Sarfartoq License Transfer
Greenland Mines (NASDAQ: GRML) announced that the Government of Greenland, through the Ministry of Business and Mineral Resources, has formally approved the indirect transfer of Mineral Exploration License MEL 2020-32 covering the Sarfartoq Carbonatite Complex from Neo Performance Materials Inc. to Greenland Mines. The approval satisfies a key regulatory closing condition for the company’s previously announced acquisition of the Sarfartoq Neodymium-Praseodymium (“Nd-Pr”) Rare Earths Project. Sarfartoq has a historic NI 43-101 Mineral Resource Estimate and Preliminary Economic Assessment and is supported by more than 15 years of exploration work, over 23,000 meters of drilling, extensive metallurgical test work and environmental…