http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 24 Nov 2017 03:37:49 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Greenland Minerals and Energy to reveal raising for Kvanefjeld Project ]]> http://www.proactiveinvestors.com.au/companies/news/187611/greenland-minerals-and-energy-to-reveal-raising-for-kvanefjeld-project-187611.html Greenland Minerals and Energy Ltd (ASX:GGG) has been granted a trading halt this morning by the ASX, pending details of a capital raising for the world-class project Kvanefjeld Project.

The company has also been receiving some broker support from Perth-broker RM Research.

READ: Greenland Minerals & Energy receives a Speculative Buy broker rating as key permitting progresses

The halt will remain in place until the opening of trade on Friday 24th November 2017, or earlier if an announcement is made to the market.

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Wed, 22 Nov 2017 10:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187611/greenland-minerals-and-energy-to-reveal-raising-for-kvanefjeld-project-187611.html
<![CDATA[News - Greenland Minerals & Energy receives a Speculative Buy broker rating as key permitting progresses ]]> http://www.proactiveinvestors.com.au/companies/news/186306/greenland-minerals-energy-receives-a-speculative-buy-broker-rating-as-key-permitting-progresses-186306.html Greenland Minerals & Energy Ltd (ASX:GGG) has received a Speculative Buy from Perth-broker RM Research, as key project permitting is progressing well for the Kvanefjeld Project in Greenland.

Shares in the company last traded at $0.105. The following is an extract from the broker report.

The Maritime Safety Study approved for Public Consultation

- On 11 October 2017, GGG announced that the Danish Maritime Authority, acting on behalf of the Government of Greenland, had approved the Maritime Safety Study for public consultation. The study was prepared by the independent Danish consultant Blue Water Shipping and is an extensive document that determines the safest and most environmentally acceptable method to transport cargo to and from the Kvanefjeld Project port location in the Narsaq Illua Bay.

- RM Research believes that approval of the Maritime Safety Study is a significant step forward as it is one of the three major documents - the others being the Environmental Impact Assessment (EIS) and the Social Impact Assessment (SIA) - required to progress through the public consultation process before a Mining Licence can be granted for the Kvanefjeld Project.

- The EIA, which is being prepared by Danish consultants Orbicon, is stated as being 80% complete, whilst the SIA (prepared by Danish consultants Niras) is 90% complete.

- GGG does appear to be on target to achieve its goal of creating an actionable development path forward for 2018, including finalising a revised Feasibility Study with updated capital and operating costs by 2018 year-end.

Strategic cooperation with major shareholder, Shenghe Resources gathering pace

- Shenghe Resources Holding Co., Ltd (Shenghe) took a c.12% interest in GGG in 2016 and continues to work with the Company to optimise the Kvanefjeld Project. Shenghe is an integrated Rare Earth mining, beneficiation, separation and downstream processing business that is listed on the Shanghai Stock Exchange (code: 600392) with a multi billion dollar market capitalisation.

- Shenghe recently changed its nominee director to the Board of GGG from Ms Wenting Chen to Mr Xiaolei Guo. Mr Guo holds a degree in Law and is the manager of the investment and development department of Shenghe, which is responsible for acquiring rare earth projects for the Group.

- RM Research expects that the work programmes conducted by Shenghe and GGG in both Australia and China will deliver cost enhancements to the Project and ensure that output is aligned with downstream processing and market requirements.

Chinese Policy & strong demand driving up Rare Earth Prices

- The intensification of environment compliance investigations by the China central government has driven consolidation in the sector. Meanwhile, demand for rare earth products, such as neodymium-praseodymium (NdPr) oxide, has been very strong due to the combined impact of electrification of commercial motor vehicles and increased use of wind turbines in the power generation mix.

- The price for NdPr oxide FOB China is currently around US$66/kg including VAT, down around 15% from the peak achieved in September 2017, but still up 70% from a year ago and similar to levels of 3 years ago.

Action and Recommendation

- RM Research is maintaining a Speculative Buy. It appears that permitting of the Kvanefjeld Project is nearing finalisation and the commitment of the Governments of Greenland and Denmark remains strong. Rare Earth Oxide (REO) prices have strengthened considerably during 2017 due to increasing demand for REOs (in particular permanent magnets) in clean technology applications, and a crack down in illegal mining activities in South China. Our current A$0.29 risked NAV for GGG remains valid, with upside based on the current strength in REO prices.

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Fri, 27 Oct 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186306/greenland-minerals-energy-receives-a-speculative-buy-broker-rating-as-key-permitting-progresses-186306.html
<![CDATA[News - Greenland Minerals and Energy appoints Xiaolei Guo to the board ]]> http://www.proactiveinvestors.com.au/companies/news/185684/greenland-minerals-and-energy-appoints-xiaolei-guo-to-the-board-185684.html Greenland Minerals and Energy Ltd (ASX:GGG) has appointed Mr Xiaolei Guo, a representative of Shenghe Resources Holding Limited (SHA:600392), to the board as a non-executive director.

Mr Guo holds a degree in Law, and is a member of the Bar, in China.

He is the manager of the investment and development department of Shenghe, focusing on selecting, evaluation and acquisition of rare earth projects.

READ NOW: Greenland Minerals and Energy gets approval for major study

Ms Wenting Chen, the previous nominee director of Shenghe, has stepped down from the role due to her other growing commitments.

Tony Ho, chairman, commented: "On behalf of my fellow directors, I welcome Mr Xiaolei Guo to the board and thank Wenting Chen for her valuable contributions during her time on the board.

"We wish her well in her future endeavours.

"Mr. Guo’s international capital markets and rare earth industry expertise will be of significant value to the board as we move ahead with the future development of the Kvanefjeld Project."

Last year Shenghe entered a strategic cooperation agreement with Greenland Minerals and become their largest shareholder.

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Tue, 17 Oct 2017 14:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185684/greenland-minerals-and-energy-appoints-xiaolei-guo-to-the-board-185684.html
<![CDATA[News - Greenland Minerals and Energy gets approval for major study ]]> http://www.proactiveinvestors.com.au/companies/news/185379/greenland-minerals-and-energy-gets-approval-for-major-study-185379.html Greenland Minerals and Energy (ASX:GGG) has had its Maritime Safety Study related to the 100% owned Kvanefjeld Project in Greenland approved for public consultation.

The aim of the study is to ensure that ship voyages to and from the Kvanefjeld Project site are safe and do not impact the environment.

It is one of three key documents which form part of the public consultation process documentation required for the issuance of a mining licence.

The environmental and social impact assessments (EIA and SIA) are advanced with the majority of recommendations now addressed.

Kvanefjeld is underpinned by the largest code‐compliant resource of rare earth elements that are critical to the clean, green and smart revolution, which is rapidly gaining momentum. 

Dr John Mair, managing director, commented

“Approval of the Maritime Safety Study marks another important step in progressing through the approvals process.

“This has been a key area of focus through 2017 along with technical work conducted with strategic partner Shenghe to optimise and align Kvanefjeld with downstream processing.

“Progress on both fronts has Kvanefjeld well‐positioned at a time when rare earth demand set for strong growth, prices are rising, and the supply outlook is constrained.”

Study update

As part of the process of obtaining a mining licence in Greenland, companies are required to prepare documents which undergo public consultation for 8 weeks.

Prior to public consultation, comprehensive reviews of the EIA, SIA and Maritime Safety Study are undertaken, recommendations addressed, and then approval sought. 

Feedback has been fully incorporated into the Maritime Safety Study with a final version having now been accepted for public consultation.

Feedback has been progressively incorporated into the EIA and SIA for which additional data has been generated through 2017.

Both studies are now in an advanced state, with most recommendations having now been addressed.

Largest producer of key rare earths

Of emerging rare earth operations, the US$1.59 billion Kvanefjeld Project is forecast to be the largest producer of key rare earths including neodymium, praseodymium and dysprosium.

These rare earth elements are essential to high powered permanent magnets, with the longest projected mine life.

READ NOW: Greenland Minerals and Energy holds key asset for electric vehicle future 

Greenland Minerals continues to work closely with strategic partner and major shareholder Shenghe Resources Holding Co Ltd (SHA:600392).

Through 2017, work with Shenghe has focused on ensuring it is aligned with downstream processing, as a precursor to project development.

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Wed, 11 Oct 2017 14:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185379/greenland-minerals-and-energy-gets-approval-for-major-study-185379.html
<![CDATA[News - Greenland Minerals and Energy holds key asset for electric vehicle future ]]> http://www.proactiveinvestors.com.au/companies/news/184257/greenland-minerals-and-energy-holds-key-asset-for-electric-vehicle-future-184257.html Greenland Minerals and Energy (ASX:GGG) is forecast to be the largest producer of key rare earth elements for electric vehicles from its 100% owned Kvanefjeld Project in Greenland.

These include neodymium, praseodymium and dysprosium which are essential to high-powered permanent magnets used in the electric drive motors.

Prices of neodymium and praseodymium are up 80% this year on the back of strong demand and tightening supply.

China recently joined India, France, UK and Norway in moving to set timelines for their respective national transition to electric vehicles.

Kvanefjeld has the largest code‐compliant resource (JORC or CIM) of rare earth elements that are critical to the clean, green and smart revolution.

The US$1.59 billion Kvanefjeld Project

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

Working closely with strategic partner and major shareholder

Greenland Minerals continues to work closely with strategic partner and major shareholder Shenghe Resources Holding Co Ltd (SHA:600392).

Work has been focused on optimising the Kvanefjeld Project and ensuring it is aligned with downstream processing, as a precursor to project development.

A representative from Shenghe, geologist Zhao Mingwu has been onsite through August to early September to gain greater familiarity with the project area and the geology of the region.

Shenghe is a leading Chinese rare earth company with a market cap of over A$5 billion, its downstream processing technology and capacity provide solid foundations for Kvanefjeld’s future.

Finalising impact assessments in the field

Over recent months, field-based activities and stakeholder meetings in the project area have been undertaken to support impact assessments for the Kvanefjeld Project.

Activities have been focused on data generation and stakeholder meetings to support finalising impact assessments for the Kvanefjeld.

Sampling programs that were undertaken by independent environmental consultant Orbicon to generate supplementary environmental data are now complete.

Furthermore, the company’s impact assessment consultant, Shared Resources, has been on the ground in Greenland conducting meetings with a range of stakeholders and regulatory departments.

Global government policy driving prices

Increasing global government policies to transition to electric vehicles and to significantly expand offshore wind power capacity continues to drive prices of rare earth elements.

These policies underwrite continued demand growth for neodymium, praseodymium and dysprosium.

Under 2016 feasibility study parameters, Kvanefjeld would be one of the largest producers globally of these critical materials. 

Furthermore, on the supply side, due to a number of Chinese government initiatives, a general tightening of the supply of rare earths is now occurring.

Under China’s rare earth development plan for 2016-2020, mine production is to be capped at 140,000 tonnes per annum, which will likely see China shift to a net-importer of rare earths.

This provides a valuable window for projects such as Kvanefjeld.

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Wed, 20 Sep 2017 13:24:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184257/greenland-minerals-and-energy-holds-key-asset-for-electric-vehicle-future-184257.html
<![CDATA[News - Greenland Minerals & Energy attracts Speculative Buy as rare earth prices move ]]> http://www.proactiveinvestors.com.au/companies/news/181437/greenland-minerals-energy-attracts-speculative-buy-as-rare-earth-prices-move-181437.html Greenland Minerals & Energy Ltd (ASX:GGG) has received a Speculative Buy from the Perth-based RM Research.

The following is an extract from the report.

Permitting remains on track

- GGG recently met (ASX Announcement 18/7/2017) with the Greenland Environmental Agency for Mineral Resources Activities (EAMRA) and Danish Centre for the Environment (DCE) in Copenhagen regarding the ongoing environmental studies, following the major review phase.

- Agreements were reached in respect to key aspects of the Feasibility Design including the location of tailings facilities, a water management plan and a dust modelling methodology. To date there do not appear to be any adverse flora or fauna impacts with low levels of radiation in the general vicinity of the proposed mining footprint.

- Further work is likely to address the supplementary waste rock stockpile stability, waste rock design and recovery of run off waters, additional base line data for air quality, radiation impacts and water flow. The Company has also engaged Shared Resources to assist with the process, in particular compliance with international standards, in preparation for project finance.

Visit from IAEA Director General

- International Atomic Energy Agency (“IAEA”) Director General Yukiya Amano recently visited (ASX Announcement 15/5/2017) the Kvanefjeld Project on 8th May 2017 as part of a delegation including Greenland’s Premier Kim Kielsen, the Mayor of Southern Greenland, and the Danish Ambassador to Vienna (home of the IAEA). The visit followed Greenland’s accession to IAEA conventions and treaties in 2016, and implementation of legislation to govern the production and export of uranium from Greenland by the Danish and Greenland governments.

- The purpose of the site visit was to gain a greater understanding of key infrastructure including mine site, processing facilities, tailings storage and port facilities. Kvanefjeld is projected to produce approximate 1.0m pounds of U3O8 per annum as a by-product to rare earth production.

Chinese Policy & strong demand driving up Rare Earth Prices

- Key objectives of the Chinese domestic policy include consolidation into 6 state owned regional entities, removal of export quotas and tariffs and introduction of export licenses and the curbing of production outside of the formal quota system.

- Longer term objectives including liming RE production to less than 140Ktpa, reducing separation plant capacity by 1/3, ensuring environmental compliance of the majority of operations and limiting the export of unprocessed RE ores.

- REE prices have risen strongly in 1H CY 2017 driven by reforms in China, a pending shortage of REE metals and increasing demand from electric vehicles, permanent magnets and other clean technologies such as wind turbines and industrial robots.

- The recent crackdown of illegal mining in China is also driving consolidation in the sector.

- From 1 January 2016, terbium oxide is up over 40%, lanthanum oxide 30% and praseodymium and neodymium approximately 20%.

Action and Recommendation

- RMR is maintaining a Speculative Buy. It appears the stars are aligning with REE supply side pressure driven by Chinese regulatory shifts, projected CAGR of 5% p.a. for REE and the increasing demand for HREE in clean technology applications, in particular magnets. Our next Quarterly update will revisit the current A$0.29 risked NAV for GGG.

- As a footnote Shenghe has emerged as part of the consortium of Chinese financial backers to US companies JHL Capital Group and QVT Financial to purchase the Mountain Pass REE mine in California. Further consolidation/M&A are likely to drive REE valuations higher with Chinese companies taking the lead.

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Wed, 26 Jul 2017 09:13:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181437/greenland-minerals-energy-attracts-speculative-buy-as-rare-earth-prices-move-181437.html
<![CDATA[News - Greenland Minerals and Energy advances environmental studies ]]> http://www.proactiveinvestors.com.au/companies/news/181027/greenland-minerals-and-energy-advances-environmental-studies-181027.html Greenland Minerals and Energy (ASX:GGG) has made substantial progress in closing out environmental studies associated with the Kvanefjeld Project located in Greenland.

Recently, meetings were held in Copenhagen with representatives of Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA), and Danish Centre for the Environment (DCE) to work through outstanding issues.

The additional work programs to expand some datasets are underway and are expected to be concluded over the next couple of months.

The results will then be incorporated into the updated studies. 

As Greenland Minerals advances through the permitting process, active work programs are also underway with strategic partner Shenghe Resources Holding Co. Ltd (SHA:600392).

These work programs aim to improve the project cost structure and ensure that it is effectively aligned with downstream rare earth processing.

The Kvanefjeld Project is well‐positioned to become an integral cornerstone of new global rare earth supply networks. 

Dr John Mair, managing director, commented

“Through 2017 we’ve made a lot of progress toward closing out all environmental studies associated with Kvanefjeld.

“Reviews by expert consultants on behalf of the Greenland Government provided recommendations and guidance to constructively assist in presenting very robust studies.

“Importantly, no major issues have been identified, but our aim is to deliver high‐quality assessments to support stakeholder confidence.

“With input from the EAMRA and DCE we planned some additional work programs, which have been implemented and are progressing well.” 

The US$1.59 billion Kvanefjeld Project

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

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Tue, 18 Jul 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181027/greenland-minerals-and-energy-advances-environmental-studies-181027.html
<![CDATA[News - Greenland Minerals and Energy Limited positioned for price rise ]]> http://www.proactiveinvestors.com.au/companies/news/180268/greenland-minerals-and-energy-limited-positioned-for-price-rise-180268.html Greenland Minerals and Energy Limited (ASX:GGG) is well-positioned to benefit from steadily increasing rare earth prices in response to improving market fundamentals.

The company’s deep exposure to rare earths comes through its flagship 100%-owned Kvanefjeld Project located in Greenland.

Reforms to the rare earth industry in China have been substantive, with positive impacts, the result of industry consolidation and a crackdown on illegal production.

As supply will be increasingly constrained, shortages will develop and there will be a need for new mine developments outside China.

Demand growth is being driven by the electric cars and trains and new and clean technologies, many of which are closely linked to government policies worldwide.


Kvanefjeld Project

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.


Rare earth prices

After a long period of consolidation through 2016 rare earth prices have been on the increase since the start of 2017.

For the magnet metals such as neodymium, praseodymium, terbium and lanthanum the price increases have been significant.

Using January 1, 2016 as a base, the price of terbium oxide is up over 40%, the prices of lanthanum oxide is up nearly 30% and for praseodymium and neodymium oxide up around 20%.


Rare earth supply

China established its dominant position in the RE processing industry on the back of a secure and abundant domestic source of rare earth raw materials.

Over the last decade the Chinese Government has taken a number of strategic steps to protect the dominant position of its domestic rare earth industry.

Due to a number of Chinese Government initiatives, a general tightening of the supply of rare earths is now occurring.


China’s 5 year plan

In October 2016 China issued its Rare Earth Industry Development Plan for the period to 2020.

The key objectives of the plan are to:

- Limit rare earth mine production to no more than 140,000 tonnes per annum;
- Reduce separation plant capacity by a third;
- Ensure that 90% of rare earth operations are in compliance with increasingly stringent environmental regulations; and
- Ensure that the proportion of rare earths exported as raw materials is significantly reduced.

Once implemented the plan will restrict rare earth production from domestic raw materials and will further restrict rare earth raw mineral exports.


Looking ahead

Commentators on the rare earth market are forecasting significant long-term growth with forecasts typically suggesting compound annual growth of around 5% for the long term.

Significantly, it is becoming increasingly the case that global rare earth demand is inextricably linked to government policies and regulations.

The link between forecast demand and government policies adds confidence to expectations for demand growth over time.


Well-positioned

Greenland Minerals is well-positioned given its strategic relationship with leading Chinese rare earth company Shenghe and its rare earth exposure through Kvanefjeld.

Kvanefjeld has a number of key attributes that, when integrated with Shenghe’s downstream processing technology and capacity, can provide the potential to play an important role in new supply networks.

These include:

- Scale – largest core‐compliant rare earth resource;
- By‐product revenue streams to strengthen project economics;
- Composition – ideal production profile across key rare earths;
- Advantageous processing that has been extensively pilot plant tested; and
- Favourable country and project location with direct shipping access.

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Tue, 04 Jul 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180268/greenland-minerals-and-energy-limited-positioned-for-price-rise-180268.html
<![CDATA[News - Greenland Minerals and Energy's chairman lifts stake on market ]]> http://www.proactiveinvestors.com.au/companies/news/178931/greenland-minerals-and-energy-s-chairman-lifts-stake-on-market-178931.html Greenland Minerals and Energy's (ASX:GGG) non-executive chairman, Anthony Ho, has increased his stake in the company through an on-market purchase.

Ho acquired 150,000 shares for a consideration of $14,250, lifting his direct and indirect stake to over 2.6 million shares. He also holds 337,500 listed GGGOB options.

The company's Kvanefjeld Project is a globally unique and significant multi-element project.

Permitting is underway and a regulatory framework has bene established.

The company also has an industrial project partner in the Shenghe Resources Holding, who holds a 12.4% stake.

Shenghe brings experience in downstream rare earth processing and international customer base.

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Thu, 08 Jun 2017 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178931/greenland-minerals-and-energy-s-chairman-lifts-stake-on-market-178931.html
<![CDATA[News - Greenland Minerals and Energy hosts nuclear delegate ]]> http://www.proactiveinvestors.com.au/companies/news/177771/greenland-minerals-and-energy-hosts-nuclear-delegate-177771.html Greenland Minerals and Energy (ASX:GGG) has recently assisted the Greenland government in hosting the director general of the International Atomic Energy Agency (IAEA), Mr Yukiya Amano.

The delegation visit to southern Greenland was headed by Greenland’s premier Kim Kielsen, and included director general Amano, and the Danish ambassador to Austria.

The delegation visited the company’s flagship 100% owned Kvanefjeld Project located in Greenland.

Over the last three years the governments of Greenland and Denmark, in association with IAEA, have worked to establish a legal and regulatory framework for the production and export of uranium from Greenland.

These work programs concluded in 2016, at which point director general Amano was invited to visit Greenland by the respective governments. 


Kvanefjeld Project

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.


Shenghe partnership

Greenland Minerals recently commenced the technical cooperative program with its strategic partner and 12.5% shareholder, Shenghe Resources Holding Co Ltd (SHA:600392).

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

The relationship with A$2+ billion market cap Shenge is significant given its expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing.

This significance has been captured by a re-rating in the share price, now trading up over 45% year to date at $0.102.


Permitting

Greenland Minerals recently made another step forward in progressing its mining licence application for its flagship Kvanefjeld Project in Greenland.

The services of consulting company Shared Resources were engaged to assist in finalising required environmental and social impact assessments.

The next step of this process involves the social impact assessment (SIA) and environmental impact assessment (EIA) being accepted by the Greenland government.

After this is complete, the next phase of the process will be a period of public consultation.

In parallel to project permitting, Greenland Minerals is working with strategic partner Shenghe to optimise Kvanefjeld and improve its cost‐structure.

Following meetings in China in February and the establishment of a joint technical committee, work programs have been planned and implemented.

Results of the technical review together with progress on permitting at Kvanefjeld have the potential to act as short term share price catalysts.

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Mon, 15 May 2017 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177771/greenland-minerals-and-energy-hosts-nuclear-delegate-177771.html
<![CDATA[News - Greenland Minerals and Energy receives a Speculative Buy from RM Research ]]> http://www.proactiveinvestors.com.au/companies/news/177269/greenland-minerals-and-energy-receives-a-speculative-buy-from-rm-research-177269.html Greenland Minerals and Energy (ASX:GGG) has been rated a Speculative Buy with a target of $0.29 per share by Perth-based RM Research.

The target provides for potential strong upside due to being three times above the last traded price.

The following is an extract from the report "Technical review commences...minor metals demand improves."


Shenghe placement, board appointments

Following the placement of A$4.6 million (late 2016), Shenghe Resources Holding Ltd now holds 12.5% of GGG and Ms Wenting Chen has been appointed as a non-executive director.

Ms Chen has degrees in law, economics and business and has considerable international experience covering mining, banking and financial markets.


Technical review in full swing

Further to our early report (29/11/17) Shenghe and the Company are now working on a technical review involving the optimisation of concentrate grade and recovery through their relationship with state owned rare earth specialists Multipurpose Utilisation of Mineral Resources (“IMUMR”).

In addition, the technical committee will examine potential flow-sheet improvements through the refinery. The review will also investigate the recovery of additional products (e.g. lithium, zirconium) from Kvanefjeld.

The technical review will be conducted in parallel with the mining license application and should lead to significant CAPEX+/-OPEX savings and improved project economics.


Kvanefjeld a platform for Shenghe’s vertically integrated rare earth expansion

Shenghe (market capitalisation A$3.0 billion) is based in Chengdu (Sichuan Province, China) and has expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing.

Shenghe has its own downstream processing facilities (including a plant in Vietnam) with access to cheap reagents.

Shenghe established Sheng Kang Ning Mining Investment in 2013 as their rare earth and precious metal investment vehicle and Shenghe Resources (Singapore) Pte Ltd as their trading arm in 2015.

RMR consider this is a clear sign of Shenghe’s desire to use Kvanefjeld as a platform to expand their rare earth business interests.


Permitting

A draft Environmental Impact Assessment (EIA) was submitted (late 2015) and is currently being updated following comments by the Greenland Government.

The Social Impact Assessment (SIA) is also due to be submitted with over 90% of comments/suggestions having been addressed.

The Public Consultation Phase will followed acceptance of the EIA and SIA.

Highly experienced consulting firm Shared Resources (ASX Announcement 20/4/2017) has also been appointed to assist with the SIA and EIA.


Price Catalysts

Results of the technical review together with progress on permitting at Kvanefjeld are near term drivers.

We note the recent Chinese policies relating to tighter controls over rare earth production, processing and supply and “strategic” recognition of rare earths which are likely to put further upside pressure on REE prices with Nd, Pr, Tb, LA and Ce already up 10-15% since January 2017.


Action and Recommendation

RMR is maintaining its speculative buy on the back of our risked mid case NAV of A$0.29 based on conservative CHREO and U prices and assuming a 40% free carried interest.

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Thu, 04 May 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177269/greenland-minerals-and-energy-receives-a-speculative-buy-from-rm-research-177269.html
<![CDATA[News - Greenland Minerals and Energy advances permitting ]]> http://www.proactiveinvestors.com.au/companies/news/176695/greenland-minerals-and-energy-advances-permitting-176695.html Greenland Minerals and Energy (ASX:GGG) has made another step forward in progressing its mining licence application for its flagship Kvanefjeld Project in Greenland.

The services of consulting company Shared Resources, have been engaged to assist in finalising required environmental and social impact assessments.

Shared Resources has extensive experience with regulatory systems in developing countries, which will be of considerable benefit during the mining license application process.

The next step of this process involves the social impact assessment (SIA) and environmental impact assessment (EIA) being accepted by the Greenland government.

After this is complete, the next phase of the process will be a period of public consultation.

In parallel to project permitting, Greenland Minerals is working with strategic partner Shenghe Resources Holding Co Ltd (SHA:600392) to optimise Kvanefjeld and improve its cost‐structure.

Following meetings in China in February and the establishment of a joint technical committee, work programs have been planned and implemented.


Kvanefjeld Project

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.


Shenghe partnership

Greenland Minerals recently commenced the technical cooperative program with its strategic partner and 12.5% shareholder, Shenghe.

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

The relationship with A$2+ billion market cap Shenge is significant given its expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing.

This significance has been captured by a re-rating in the share price, now trading up over 40% year to date at $0.10.

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Fri, 21 Apr 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176695/greenland-minerals-and-energy-advances-permitting-176695.html
<![CDATA[News - Greenland Minerals and Energy begins work with Chinese partner ]]> http://www.proactiveinvestors.com.au/companies/news/174890/greenland-minerals-and-energy-begins-work-with-chinese-partner-174890.html Greenland Minerals and Energy (ASX:GGG) has commenced the technical cooperative program with its strategic partner and 12.5% shareholder, Shenghe Resources Holding Co Ltd (SHA:600392).

A joint technical committee has been established to oversee the programs to further enhance and optimise the company’s flagship Kvanefjeld Project in Greenland. 

The technical committee recently met in China to map out work programs to start immediately with the objective of optimising the current flow-sheet to improve project economics.

Dr John Mair, managing director, commented: “We are genuinely excited to have the technical cooperation with our major shareholder Shenghe underway.

“Shenghe and IMUMR bring vast technical capacity to the Kvanefjeld Project, and their involvement will ensure we can achieve the best possible outcome and consolidate the project strengths.”


Focus of optimisation programs

The optimisation programs will begin as soon as the scope‐of‐work documentation is complete and are scheduled to run through 2017 in parallel with the processing of the mining licence application, which is well advanced in Greenland.

The optimisation programs will address two key elements of the project.


Concentrate grade recovery

Shenghe has a long standing relationship with the prestigious Institute of Multipurpose Utilisation of Mineral Resources (IMUMR), a state‐owned scientific research institution which is based in Chengdu and is a 14.9% shareholder in Shenghe.

The technical committee will commission the IMUMR to apply its demonstrated expertise in the areas of rare earths beneficiation to further improve the grade and recovery of rare earths from Kvanefjeld ore. 


Refinery optimisation

The technical committee, with significant input from Shenghe personnel, has identified several potential flow‐sheet improvements which, if proven to be economically viable, will simplify and optimise the project.

The refinery optimisation work will be undertaken in Australia and the program will also explore the recovery of additional by‐products from the leach stream.

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Thu, 16 Mar 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174890/greenland-minerals-and-energy-begins-work-with-chinese-partner-174890.html
<![CDATA[News - Greenland Minerals and Energy: Global X Management Co lifts stake again ]]> http://www.proactiveinvestors.com.au/companies/news/173965/greenland-minerals-and-energy-global-x-management-co-lifts-stake-again-173965.html Greenland Minerals and Energy's (ASX:GGG) substantial shareholder, Global X Management Co, continues to increase its stake in the company.

A change of interests notice has Global X moving to 9.15% from 8.06%.

Global X is advisor to the exchange traded fund known as Global X Uranium ETF, which provides investors with access to a broad range of uranium mining companies and is one of very few ETFs with a primary focus on the uranium market.

Greenland Minerals shares last traded at $0.16, or around five-times higher than their valuation one year ago.


World-class resource

GGG is focused on Kvanefjeld, one of the world's most advanced rare earth and uranium projects.

The project hosts JORC resources of over 1 billion tonnes containing 11.1 million tonnes of rare earth oxide and 593 million pounds of uranium.

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Wed, 01 Mar 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173965/greenland-minerals-and-energy-global-x-management-co-lifts-stake-again-173965.html
<![CDATA[News - Greenland Minerals and Energy's substantial holder lifts stake as shares rally ]]> http://www.proactiveinvestors.com.au/companies/news/173086/greenland-minerals-and-energy-s-substantial-holder-lifts-stake-as-shares-rally-173086.html Greenland Minerals and Energy's (ASX:GGG) substantial shareholder, Global X Management Co, has once again lifted its stake in the company.

Global X now holds 8.06%, up from 7.04%,

Global X Management Co is advisor to the exchange traded fund known as Global X Uranium ETF.

The ETF provides investors with access to a broad range of uranium mining companies and is one of very few ETFs with a primary focus on the uranium market.

GGG is focused on Kvanefjeld, one of the world's most advanced rare earth and uranium projects.

The project hosts JORC resources of over 1 billion tonnes containing 11.1 million tonnes of rare earth oxide and 593 million pounds of uranium.


Share price re-rating

GGG's shares have been on a tear recently, firstly after forming a strategic relationship with a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

GGG has then been driven higher by the rebounding uranium price, which has climbed circa 40% over the past three months.

The company's shares hit a 12-month high yesterday of $0.17, or about five-times their value from this time last year.

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Tue, 14 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173086/greenland-minerals-and-energy-s-substantial-holder-lifts-stake-as-shares-rally-173086.html
<![CDATA[News - Greenland Minerals and Energy targeted by major uranium ETF ]]> http://www.proactiveinvestors.com.au/companies/news/172319/greenland-minerals-and-energy-targeted-by-major-uranium-etf-172319.html Global X Management Co is advisor to the exchange traded fund known as Global X Uranium ETF.

The ETF provides investors with access to a broad range of uranium mining companies and is one of very few ETFs with a primary focus on the uranium market.

Shares in Greenland Minerals are already up 88% in 2017.

Recently, the company formed a strategic relationship with a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

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.

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

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Mon, 30 Jan 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172319/greenland-minerals-and-energy-targeted-by-major-uranium-etf-172319.html
<![CDATA[News - Greenland Minerals and Energy is a stock on the move ]]> http://www.proactiveinvestors.com.au/companies/news/171437/greenland-minerals-and-energy-is-a-stock-on-the-move-171437.html Today the company is trading still at $0.089, or around three times higher than a year ago.

In a response to the ASX, the company said it is not aware of any reason for the trading activity.

GGG did however reaffirm some recent highlights and noted:

"In December 2016 the company finalised a 12.5% cornerstone investment in the company by Le Shan Shenghe Rare Earth Company Limited, a subsidiary of Shenghe Resources Holding Ltd (Shenghe).

"Shenghe’s proficiency across all aspects of the rare earth industrial chain, combined with an international growth strategy, potentially make it an ideal industrial/strategic partner for the company’s Kvanefjeld Project (rare earths, uranium, zinc).

"As previously announced, both parties will commence technical cooperation that aims to further enhance the project.

"This will be conducted in parallel to project permitting that is currently progressing in Greenland."

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Wed, 11 Jan 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171437/greenland-minerals-and-energy-is-a-stock-on-the-move-171437.html
<![CDATA[News - Greenland Minerals and Energy has a new substantial shareholder ]]> http://www.proactiveinvestors.com.au/companies/news/170704/greenland-minerals-and-energy-has-a-new-substantial-shareholder-170704.html The company recently received final approval from shareholders to place the stock representing 12.5% voting power to Le Shan Shenghe, a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.

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Tue, 20 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170704/greenland-minerals-and-energy-has-a-new-substantial-shareholder-170704.html
<![CDATA[News - Greenland Minerals and Energy appoints Wenting Chen to the board ]]> http://www.proactiveinvestors.com.au/companies/news/170368/greenland-minerals-and-energy-appoints-wenting-chen-to-the-board-170368.html The appointment follows the completion of Shenghe’s acquisition of a 12.5% interest in GMEL.

Chen joined Shenghe in early 2014 to lead the overseas investment department.

Tony Ho, chairman, commented: "On behalf of fellow directors, I welcome Ms Wenting Chen to the board.

"Wenting’s international commercial experience, competence and professionalism will serve to strengthen the board, as we work toward developing the Kvanefjeld rare earth project in Greenland.

"Her strong communication skills will be highly beneficial in assisting our future cooperation with Shenghe."

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.


Broker attention

Greenland Minerals recently received a Speculative Buy recommendation and a A$0.23 per share price target from Perth-broker RM Research.

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Tue, 13 Dec 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170368/greenland-minerals-and-energy-appoints-wenting-chen-to-the-board-170368.html
<![CDATA[News - Greenland Minerals and Energy has a new substantial shareholder from New York ]]> http://www.proactiveinvestors.com.au/companies/news/170080/greenland-minerals-and-energy-has-a-new-substantial-shareholder-from-new-york-170080.html Greenland Minerals also recently received final approval from shareholders to place 125 million shares to a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

The placement was subject to approval from Australia’s Foreign Investment Review Board (FIRB) and shareholders, both which have now been attained.

Greenland Minerals will receive $4.625 million through the issue of 125 million shares.

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.


Broker attention

Greenland Minerals recently received a Speculative Buy recommendation and a A$0.23 per share price target from Perth-broker RM Research, or more than three times the current valuation.

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Wed, 07 Dec 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170080/greenland-minerals-and-energy-has-a-new-substantial-shareholder-from-new-york-170080.html
<![CDATA[News - Greenland Minerals and Energy get final approval for landmark partnership ]]> http://www.proactiveinvestors.com.au/companies/news/169995/greenland-minerals-and-energy-get-final-approval-for-landmark-partnership-169995.html Greenland Minerals and Energy (ASX:GGG) recently received final approval from shareholders to place 125 million shares to a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

The proposed placement was subject to approval from Australia’s Foreign Investment Review Board (FIRB) and shareholders, both which have now been attained.

Greenland Minerals will receive $4.625 million through the issue of 125 million shares priced at $0.037 to Shenghe.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.


Kvanefjeld

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.


Shenghe Resources Holding Co Ltd

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

Shenghe also has an extensive financial investment background and solid capital strength.

The Shenghe group:

- Controls domestic sources of rare earth ores and concentrates;
- Controls significant rare earth separation capacity in China;
- Produces rare earth metals and alloys to the highest purities;
- Produces end-use rare earth products such as polishing powders, catalysts, molecular sieves; and
- Has an established international customer base for its products.

With the permitting process underway, the partnership with Shenghe will help to ensure that the project is optimised to integrate with downstream processing, and that customer networks are established.

Shenghe’s leading technical expertise, processing capacity, and strong international customer base make Shenghe an ideal strategic partner for the project.


Analysis

The relationship with A$2+ billion market cap Shenge is significant given its expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing.

Greenland Minerals recently received a Speculative Buy recommendation and a A$0.23 per share price target from Perth-broker RM Research.

This price target represents 289% upside from the current share price of $0.059.

The valuation is based on based on relatively conservative rare earth and uranium prices and recent announcements regarding limiting supply of rare earths from China could result in significant upside price risk in the short to medium term.

Other short to medium term price catalysts for Greenland Minerals include:

- Further announcements on technical reviews, project optimisation studies together with progress on permitting at Kvanefjeld; and
- Any improvements to the financial metrics from the April 2016 revised feasibility study.

The share price has had a strong past six months trading up over 100% to $0.061.

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Tue, 06 Dec 2016 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169995/greenland-minerals-and-energy-get-final-approval-for-landmark-partnership-169995.html
<![CDATA[News - Greenland Minerals & Energy receives A$0.23 per share target from broker ]]> http://www.proactiveinvestors.com.au/companies/news/169851/greenland-minerals-energy-receives-a023-per-share-target-from-broker-169851.html Greenland Minerals & Energy (ASX:GGG) has received a Speculative Buy recommendation and a A$0.23 per share price target from Perth-broker RM Research.

Greenland Minerals shares last traded at A$0.059. The following is an extract from the report.


Shenghe placement. Kvanefjeld development moves a step closer.


Shenghe a major REE player.

GGG today approved a placement of 125m Shares at 3.7 cents each to Shenghe Resources Holding Ltd for $4.625 million.

Shenghe have the right to appoint a non-executive director to the board of GGG and retain anti dilution rights with respect to future capital raisings.

The medium term objective is to jointly develop Kvanefjeld (terms and conditions to be agreed) and integrate the project with Shenghe’s existing downstream processing facilities.

The key takeaway in our view is the likely significant CAPEX saving as GGG taps into existing downstream processing infrastructure backed by the Shenghe balance sheet and REE market presence.


Metallurgical Improvements

Recent technical reviews by Shenghe and GGG have also highlighted the potential to recover additional products (e.g. lithium, zirconium) from Kvanefjeld that could further enhance project economics.


Shenghe Resources: A major REE Participant

Shenghe (market capitalisation A$3.0 billion) is based in Chengdu (Sichuan Province, China) and has significant expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing.

Shenghe also has its own downstream processing facilities (including a recent purchase of a plant in Vietnam) with access to cheap reagents.

Shenghe already controls domestic sources of REE ores and concentrates, has in country rare earth separation capacity, produces high purity rare earth metals and “end use” rare earth products such as polishing powders, catalysts and molecular sieves.

In addition, Shenghe has an established international customer base for its products.

A clear pathway to market is therefore critical for non-LME traded metals.


Price Catalysts

Further announcements on technical reviews, project optimisation studies together with progress on permitting at Kvanefjeld are likely to be the short to medium term share price drivers.

Improvements to the financial metrics from the April 2016 revised feasibility study are possible once RMR gain greater understanding of the synergies with Shenghe and potential CAPEX and OPEX reductions.

We note the recent announcements limiting supply of CHREO from China and consider this could result in significant upside price risk in the short to medium term.


Action and Recommendation

RMR is maintaining its speculative buy on the back of our risked mid case NAV of A$0.23 based on a relatively conservative CHREO and U prices and assuming a 40% free carried interest through production.

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Fri, 02 Dec 2016 08:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169851/greenland-minerals-energy-receives-a023-per-share-target-from-broker-169851.html
<![CDATA[News - Greenland Minerals and Energy Ltd receives tax rebate ]]> http://www.proactiveinvestors.com.au/companies/news/169047/greenland-minerals-and-energy-ltd-receives-tax-rebate-169047.html The rebate relates to expenditure incurred developing the metallurgical flowsheet for processing ore from the company’s flagship 100%-owned Kvanefjeld rare earth and uranium project in Greenland.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

Greenland Minerals most recently received approval from Australia’s Foreign Investment Review Board (FIRB) regarding a strategic investment from a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

Shenghe is a Chinese leading rare earth company with a market cap of over A$2.5 billion.

Under the subscription agreement Greenland Minerals will receive $4.625 million through the issue of 125 million shares priced at $0.037 to Shenghe.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

The proposed placement is subject to shareholder approval, which is to be sought on November 29, 2016.

The strategic relationship with Shenghe represents a major opportunity for Greenland Minerals and the development of Kvanefjeld.

The company’s shares have more than doubled year to date, currently trading at $0.064.

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Wed, 16 Nov 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169047/greenland-minerals-and-energy-ltd-receives-tax-rebate-169047.html
<![CDATA[News - Greenland Minerals and Energy Ltd receives FIRB approval for Chinese investor ]]> http://www.proactiveinvestors.com.au/companies/news/168842/greenland-minerals-and-energy-ltd-receives-firb-approval-for-chinese-investor-168842.html Greenland Minerals and Energy Ltd (ASX:GGG) has received approval from Australia’s Foreign Investment Review Board (FIRB) regarding a strategic investment from a subsidiary of Shenghe Resources Holding Co Ltd (SHA:600392).

Shenghe is a Chinese leading rare earth company with a market cap of over A$2.5 billion.

Under the subscription agreement Greenland Minerals will receive $4.625 million through the issue of 125 million shares priced at $0.037 to Shenghe.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

The proposed placement is subject to shareholder approval, which is to be sought on November 29, 2016.


Background

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.


Shenghe Resources Holding Co Ltd

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

Shenghe also has an extensive financial investment background and solid capital strength.

The Shenghe group:

- Controls domestic sources of rare earth ores and concentrates;
- Controls significant rare earth separation capacity in China;
- Produces rare earth metals and alloys to the highest purities;
- Produces end-use rare earth products such as polishing powders, catalysts, molecular sieves; and
- Has an established international customer base for its products.


Next steps

On the completion of the proposed placement transaction, the parties will jointly commence:

- Technical work programs to further improve the cost-structure of the Kvanefjeld Project;
- Ensure the project is optimised with respect to downstream rare earth processing; and
- Identify further value add opportunities, including the recovery of additional products.

This will be conducted in parallel to Greenland Minerals working through the permitting steps for Kvanefjeld that are currently underway in Greenland.

Shenghe’s leading technical expertise, processing capacity, and strong international customer base make Shenghe an ideal strategic partner for the Kvanefjeld Project.


Analysis

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.

With the permitting process underway, the partnership with Shenghe will help to ensure that the project is optimised to integrate with downstream processing, and that customer networks are established.

Shenghe’s leading technical expertise, processing capacity, and strong international customer base make Shenghe an ideal strategic partner for the project.

Greenland Minerals remains well-positioned as one of the most advanced, and significant, rare earth and uranium projects globally.

Both rare earth metals and uranium are strongly leveraged to the growth in clean energy generation and efficient energy use.

This has been a strong year for the share price, trading up 130% year to date, currently priced at $0.065.

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Fri, 11 Nov 2016 11:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168842/greenland-minerals-and-energy-ltd-receives-firb-approval-for-chinese-investor-168842.html
<![CDATA[News - Greenland Minerals and Energy Ltd's shares leap higher ]]> http://www.proactiveinvestors.com.au/companies/news/167952/greenland-minerals-and-energy-ltd-s-shares-leap-higher-167952.html Greenland Minerals and Energy Ltd (ASX:GGG) has received an ASX Price Query after the company's shares hit $0.085 intra-day yesterday, which is 18% higher than Monday's close.

GGG responded that it was not aware of any reason for the trading.

The company did note:

"On the 23th September, the company announced to the ASX details of a proposed share placement and development of a strategic relationship with Shenghe Resources Holding Ltd (Shenghe).

"Shenghe is listed on the Shanghai Stock Exchange and is a leading rare earth company with experience in all parts of the rare earth industrial chain.

"The rare earth sector, by virtue of the extended industrial chain, almost necessitates that the mining end requires integration with strong downstream processing proficiency to create a strong business.

"Shenghe’s proficiency across all aspects of the rare earth industrial chain, combined with an international growth strategy, potentially make it an ideal industrial/strategic partner for the company’s Kvanefjeld Project (rare earths, uranium, zinc).

"Given that the Kvanefjeld Project is currently progressing through the permitting phase, from a timing perspective it has been important to identify an industrial partner with the ability to potentially assist in establishing a path to market, and ultimately to facilitate project development.

"Since making the announcement on September 23, the company has received increased interest and coverage from brokers."


Background

GGG's vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

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Wed, 26 Oct 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167952/greenland-minerals-and-energy-ltd-s-shares-leap-higher-167952.html
<![CDATA[News - Greenland Minerals and Energy Ltd gets boost from international treaty formalisation ]]> http://www.proactiveinvestors.com.au/companies/news/166720/greenland-minerals-and-energy-ltd-gets-boost-from-international-treaty-formalisation-71286.html Greenland Minerals and Energy Ltd (ASX:GGG) moves another step closer to the development of its Kvanefjeld rare earths and uranium project located in the Danish territory of Greenland.

Greenland, the territory, has now formalised its status as a signatory to international nuclear conventions allowing for its participation in the uranium industry.

During June, the Greenland and Danish parliaments passed legislation allowing uranium export from Greenland.

This confirms that a regulatory framework will be in place to permit the production and export of uranium as the company developments its flagship Kvanefjeld Project.

A mining license application for Kvanefjeld was submitted in late 2015 and the major reviews of key components are now advanced.


Background

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

Greenland Minerals is exploring the use of hydro‐electric power for Kvanefjeld having signed an agreement with a European multi-national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

Third party financing, construction, and operation of a port of sufficient scale, accommodation for employees, power supply and supplies of key reagents would enhance strategic partner, offtake and financing imperatives.

Build Own Operate (BOO) arrangements would prove a significant value driver.


Recent strategic partnership

Greenland Minerals recently agreed to issue a 12.5% equity stake to a subsidiary of leading rare earth company Shenghe Resources Holding Co Ltd (SHA:600392), which has a market cap of over A$2.5 billion.

The agreement aligns one of the world’s premier emerging rare earth projects, with one of the most technically-proficient, internationally focussed, and front-footed Chinese rare earth groups.

The combination makes for a very powerful proposition.

Under the subscription agreement Greenland Minerals will receive $4.625 million through the issue of 125 million shares priced at $0.037 to Shenghe.

This will be subject to approval from both shareholders and the Foreign Investment Review Board (FIRB) before November 30, 2016.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.


Shenghe Resources Holding Co Ltd

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

Shenghe also has an extensive financial investment background and solid capital strength.

The Shenghe group:

- Controls domestic sources of rare earth ores and concentrates;
- Controls significant rare earth separation capacity in China;
- Produces rare earth metals and alloys to the highest purities;
- Produces end-use rare earth products such as polishing powders, catalysts, molecular sieves; and
- Has an established international customer base for its products.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Sep 2016 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166720/greenland-minerals-and-energy-ltd-gets-boost-from-international-treaty-formalisation-71286.html
<![CDATA[News - Greenland Minerals and Energy Ltd receives Speculative Buy from broker ]]> http://www.proactiveinvestors.com.au/companies/news/166580/greenland-minerals-and-energy-ltd-receives-speculative-buy-from-broker-71263.html Greenland Minerals & Energy Ltd (ASX:GGG) has received a Speculative Buy from Perth-broker RM Capital.

The following is an extract from the report.


Leading REE company Shenghe to invest in GGG...Shenghe balance sheet should resolve funding through to development


Strategic Placement + Development Pathway

- The Company has placed (subject to FIRB approval prior to 30/11/2016) 125 million Shares at 3.7 cents for A$4.6 million to vertically integrated and Shanghai listed REE company Shenghe Resources Holding Ltd (Shenghe). Shenghe has a market capitalisation of approximately A$3.0 billion.

- Shenghe retains anti-dilution rights with respect to future capital raisings with the right to nominate a non-executive director to the GGG board.

- The medium term objective is to jointly develop the project (terms and conditions to be agreed) and integrate Kvanefjeld with Shenghe’s existing downstream processing facilities. The key takeaway in our view is the likely significant CAPEX saving as GGG taps into existing downstream processing infrastructure backed by the Shenghe balance sheet and REE market presence.


Metallurgical Improvements

- Recent technical reviews by Shenghe and GGG have also highlighted the potential to recover further products (e.g. lithium, zirconium) from Kvanefjeld.


Shenghe Resources...a major REE Participant

- Shenghe is based in Chengdu (Sichuan Province) and has significant expertise in mining, beneficiation, metallurgy, separation and downstream processing and marketing. Shenghe also has its own downstream processing facilities (including a recent purchase of a plant in Vietnam) with access to cheap reagents. The development of Kvanefjeld therefore has the potential to further cement its place as a dominant REE player.

- Shenghe controls domestic sources of REE ores and concentrates, has in country rare earth separation capacity, produces high purity rare earth metals and “end use” rare earth products such as polishing powders, catalysts and molecular sieves. In addition, Shenghe has an established international customer base for its products.


Price Catalyst

- Further announcements on technical reviews, project optimisation studies together with progress on permitting at Kvanefjeld are likely to be the short to medium term share price drivers and will provide much needed insight in respect to capital and operating requirements.


Action and Recommendation

- RMR is maintaining its speculative buy on the back of further positive news as GGG moves into the development phase with a realistic pathway to production. Until the arrival of Shenghe, this pathway was not clear. Our upcoming research update (November 2016) will examine a few production/funding scenarios that RMR believes are likely to demonstrate significant GGG share price upside in the short to medium term.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 28 Sep 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166580/greenland-minerals-and-energy-ltd-receives-speculative-buy-from-broker-71263.html
<![CDATA[News - Greenland Minerals and Energy Ltd agrees to landmark strategic investment ]]> http://www.proactiveinvestors.com.au/companies/news/166349/greenland-minerals-and-energy-ltd-agrees-to-landmark-strategic-investment-71183.html Greenland Minerals and Energy Ltd (ASX:GGG) will issue a 12.5% equity stake to a subsidiary of leading rare earth company Shenghe Resources Holding Co Ltd (SHA:600392), which has a market cap of over A$2.5 billion.

Under the subscription agreement Greenland Minerals will receive $4.625 million through the issue of 125 million shares priced at $0.037 to Shenghe.

This will be subject to approval from both shareholders and the Foreign Investment Review Board (FIRB) before November 30, 2016.

The fundamental objective of both parties is to develop the Kvanefjeld rare earth and uranium project in Greenland as a cornerstone to new supply networks.

Dr John Mair, managing director, commented: “It is widely known that Shenghe has been assessing rare earth projects globally for a number of years, so their participation is a very strong endorsement of the Kvanefjeld Project and our company strategy”.


Background

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

Greenland Minerals is exploring the use of hydro‐electric power for Kvanefjeld having signed an agreement with a European multi-national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

Third party financing, construction, and operation of a port of sufficient scale, accommodation for employees, power supply and supplies of key reagents would enhance strategic partner, offtake and financing imperatives. Build Own Operate (BOO) arrangements would prove a significant value driver.


Shenghe Resources Holding Co Ltd

Shenghe is a leading rare earth company with experience in all parts of the rare earth industrial chain including mining, beneficiation, metallurgy, separation, downstream processing and marketing.

Shenghe also has an extensive financial investment background and solid capital strength.

The Shenghe group:

- Controls domestic sources of rare earth ores and concentrates;
- Controls significant rare earth separation capacity in China;
- Produces rare earth metals and alloys to the highest purities;
- Produces end-use rare earth products such as polishing powders, catalysts, molecular sieves; and
- Has an established international customer base for its products.


Subscription agreement details

The agreement was signed with Leshan Shenghe Rare Earth Co., Ltd, a 99.99%-owned subsidiary of Shenghe.

The two parties commenced a dialogue in late-2015, and recognised a strong alignment of strategy, and complementary strengths at different ends of the rare earth value chain.

The agreement provides for the investment of Leshan Shenghe of A$4.625 million for 125 million shares in Greenland Minerals at $0.037, subject to shareholder and FIRB approvals, which are to be sought prior to November 30, 2016.

Shenghe unconditionally and irrevocably guarantees the obligations of Leshan Shenghe under the agreement.

Once the agreement becomes unconditional Shenghe will have the right to nominate a non-executive director to the board and will have anti-dilution rights to maintain a 12.5% position in Greenland Minerals.


Analysis

This strategic relationship with Shenghe represents a major landmark for Greenland Minerals and the development of its flagship Kvanefjeld rare earths and uranium project.

With the permitting process underway, the partnership with Shenghe will help to ensure that the project is optimised to integrate with downstream processing, and that customer networks are established.

Shenghe’s leading technical expertise, processing capacity, and strong international customer base make Shenghe an ideal strategic partner for the project.

Shenghe’s experience and skills provide the means to maximise the core strengths of the Kvanefjeld Project, which include scale, processing advantage, and direct shipping access.

The partnership will aim to integrate Kvanefjeld’s rare earth output with existing and new downstream rare earth processing capacity, to generate a cost-competitive and highly scalable rare earth business.

Greenland Minerals remains well-positioned as one of the most advanced, and significant, rare earth and uranium projects globally.

Both rare earth metals and uranium are strongly leveraged to the growth in clean energy generation and efficient energy use.

This has been a strong year for the share price, trading up 70% year to date, currently priced at $0.048.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 23 Sep 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166349/greenland-minerals-and-energy-ltd-agrees-to-landmark-strategic-investment-71183.html
<![CDATA[News - Greenland Minerals and Energy Ltd in agreement with strategic partner ]]> http://www.proactiveinvestors.com.au/companies/news/166193/greenland-minerals-and-energy-ltd-in-agreement-with-strategic-partner-71123.html Greenland Minerals and Energy Ltd (ASX:GGG) has been granted a trading halt by the ASX, pending details of an agreement with a strategic partner.

The company is focused on the wholly-owned Kvanefjeld Project in Greenland.

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.

The halt will remain in place until the opening of trade on Friday 23rd September 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 21 Sep 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166193/greenland-minerals-and-energy-ltd-in-agreement-with-strategic-partner-71123.html
<![CDATA[News - Greenland Minerals and Energy Ltd responds to ASX Price and Volume Query ]]> http://www.proactiveinvestors.com.au/companies/news/165549/greenland-minerals-and-energy-ltd-responds-to-asx-price-and-volume-query-70664.html Greenland Minerals and Energy Ltd (ASX:GGG) has exited an ASX trading halt this morning after replying to a Price and Volume Query.

In a reply to the ASX, GGG noted: "the company is relying on Listing Rule 3.1A, as the information concerns incomplete negotiations and the information is insufficiently definite to warrant disclosure.

"The company has non-binding agreements in place with third parties concerning the company’s 100% owned Kvanefjeld Project, and potential commercial involvement.

"Due diligence in relation to the non-binding agreements is ongoing, and of considerable breadth owing the jurisdictions to which the project is associated (Greenland, Denmark, Australia).

"At this point in time, the outcome of the due diligence processes, associated timelines, or the nature of any formal agreements remains uncertain.

"As a result, there is no level of certainty that any binding agreements will be reached.

"The company outlined in the December 2015 Quarterly Report, and 2015 Annual Report that with the permitting process for Kvanefjeld underway, an increased focus would be placed on commercial development, and progressing strategic partner relationships.

"Non-binding agreements and associated due diligence are in-line with this stated objective."

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 updated feasibility study, the net present value of the project is US$1.59 billion and the internal rate of return is 43.4%.

 

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Thu, 25 Aug 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165549/greenland-minerals-and-energy-ltd-responds-to-asx-price-and-volume-query-70664.html
<![CDATA[News - Greenland Minerals and Energy Ltd granted an ASX trading halt ]]> http://www.proactiveinvestors.com.au/companies/news/165548/greenland-minerals-and-energy-ltd-granted-an-asx-trading-halt-70620.html Greenland Minerals and Energy Ltd (ASX:GGG) has been granted a trading halt today, with its shares placed in pre-open.

GGG requested the halt pending an announcement in relation to the increase in the company’s share price and trading volume.

Prior to the halt being called, the stock today was up 25% to $0.044 with 18.5 million shares traded.

The halt will remain in place until the opening of trade on Thursday 25th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 23 Aug 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165548/greenland-minerals-and-energy-ltd-granted-an-asx-trading-halt-70620.html
<![CDATA[News - Greenland Minerals and Energy Ltd to benefit from uranium legislation ]]> http://www.proactiveinvestors.com.au/companies/news/155406/greenland-minerals-and-energy-ltd-to-benefit-from-uranium-legislation-69112.html Greenland Minerals and Energy Ltd (ASX:GGG) is set to benefit from Greenland and Danish parliaments passing legislation which will allow uranium export from Greenland.

The passed legislation has sent the intra-day share price running.

This confirms that a regulatory framework will be in place to permit the production and export of uranium as the company developments its flagship Kvanefjeld Project in Greenland.

The Kvanefjeld rare earths and uranium project is the only advanced minerals project in Greenland that is projected to produce uranium.

A mining license application for Kvanefjeld was submitted in late 2015 and the major reviews of key components are now advanced.

Greenland Mineral's focus in 2016 is on advancing Kvanefjeld through the permitting process.


Background

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

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 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 financing costs are US$831.9 million and the project has a payback period of 5 years.

Greenland Minerals is exploring the use of hydro‐electric power for Kvanefjeld having signed an agreement with a European multi-national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

Third party financing, construction, and operation of a port of sufficient scale, accommodation for employees, power supply and supplies of key reagents would enhance strategic partner, offtake and financing imperatives. Build Own Operate (BOO) arrangements would prove a significant value driver.


Government support

These latest political developments were the final steps in an extensive program to create the framework and regulations which would allow exports of uranium from Greenland.

Recently, Greenland Minerals participated in the Arctic Circle Greenland Forum at the invitation of the Premier of Greenland and the President of Iceland.

Dr John Mair, managing director of Greenland Minerals, participated as both a presenter and panellist in the session that addressed natural resource development in the Arctic.

Greenland has placed a major focus on moving toward a greater emphasis on natural resource development to diversify, grow, and strengthen its economy.


Analysis

The passing of this legislation is historic for Greenland to approve the export of uranium and it represents a significant milestone for the Kvanefjeld project and provides a path toward development.

Greenland Mineral’s Kvanefjeld Project is the only advanced minerals project in Greenland that is projected to produce uranium and the legislation is highly value accretive for Greenland Minerals, notwithstanding the strength in today's share price.

The legislation sends a clear message of Greenland’s efforts to support the resources industry and attract foreign investment.

Government support will be integral to the development of Kvanefjeld and this is further evidence that the Greenland government is highly supportive of the project.

Greenland Minerals is well-positioned as one of the most advanced, and significant, rare earth and uranium projects globally.

Both rare earth metals and uranium are strongly leveraged to the growth in clean energy generation and efficient energy use.

The company recently announced it will raise $2 million through a rights issue to fund the permitting process of the Kvanefjeld rare earth and uranium project in Greenland. The rights issue is priced at $0.03 with a free attaching listed option exercisable at $0.08.

Upcoming news flow is strong as are these price catalysts:

- Further updates on the permitting schedule;
- Further improvements to project economics through work programs;
- Updates regarding third party financing, construction, and operation; and
- Updates regarding the signed letter of intent to develop a hydropower concept.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 08 Jun 2016 20:44:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155406/greenland-minerals-and-energy-ltd-to-benefit-from-uranium-legislation-69112.html
<![CDATA[News - Greenland Minerals and Energy Ltd raises $2M for Kvanefjeld project permitting ]]> http://www.proactiveinvestors.com.au/companies/news/155405/greenland-minerals-and-energy-ltd-raises-2m-for-kvanefjeld-project-permitting-68966.html Greenland Minerals and Energy Ltd (ASX:GGG) will raise $2 million to fund the permitting process of the Kvanefjeld rare earth and uranium project in Greenland.

The capital raising is priced at $0.03 with a free attaching listed option.

A mining license application for Kvanefjeld was submitted in late 2015 and the major reviews of key components are now advanced.

Greenland Mineral's focus in 2016 is on advancing Kvanefjeld through the permitting process.

Kvanefjeld is globally unique, the rare earth and uranium resources are conducive to simple, pilot-plant proven metallurgy and the project has direct shipping access.


Government support

Recently, Greenland Minerals participated in the Arctic Circle Greenland Forum at the invitation of the Premier of Greenland and the President of Iceland.

Government support for the company's development of the Kvanefjeld rare earth and uranium project in Greenland will be integral to its development.

Dr John Mair, managing director of Greenland Minerals, participated as both a presenter and panellist in the session that addressed natural resource development in the Arctic.

Greenland has placed a major focus on moving toward a greater emphasis on natural resource development to diversify, grow, and strengthen its economy.

In recent months, Greenland has made significant advances to its regulatory framework in order to effectively manage the production and export of uranium.

These important developments represent the culmination of work programs conducted by the Greenland and Danish governments over recent years.


Background

Greenland Minerals' vision is to develop a stable, long-term source of materials for clean energy generation and energy efficient technologies.

Kvanefjeld is one of the world's most advanced rare earth and uranium projects.

The net present value of the project is US$1.59 billion and the internal rate of return is 43.4%.

Project financing costs are US$831.9 million and the project has a payback period of 5 years.

Greenland Minerals is exploring the use of hydro‐electric power for Kvanefjeld having signed an agreement with a European multi-national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

Third party financing, construction, and operation of a port of sufficient scale, accommodation for employees, power supply and supplies of key reagents would enhance strategic partner, offtake and financing imperatives. Build Own Operate (BOO) arrangements would prove a significant value driver.


Analysis

Greenland Minerals is well-positioned as one of the most advanced, and significant, rare earth and uranium projects globally.

Both rare earth metals and uranium are strongly leveraged to the growth in clean energy generation and efficient energy use.

News flow is expected with regard to:

- Further updates on the permitting schedule;
- Further improvements to project economics through work programs;
- Updates regarding third party financing, construction, and operation; and
- Updates regarding the signed letter of intent to develop a hydropower concept.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 01 Jun 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155405/greenland-minerals-and-energy-ltd-raises-2m-for-kvanefjeld-project-permitting-68966.html
<![CDATA[News - Greenland Minerals and Energy Ltd to update on raising ]]> http://www.proactiveinvestors.com.au/companies/news/155404/greenland-minerals-and-energy-ltd-to-update-on-raising-68872.html Greenland Minerals and Energy Ltd (ASX:GGG) is currently preparing details of a capital raising.

The ASX has granted a voluntary suspension following a trading halt to allow the company to finalise.

GGG is focused on Kvanefjeld, one of the worlds most advanced rare earth and uranium projects.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 27 May 2016 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155404/greenland-minerals-and-energy-ltd-to-update-on-raising-68872.html
<![CDATA[News - Greenland Minerals and Energy Ltd heads to market ]]> http://www.proactiveinvestors.com.au/companies/news/155403/greenland-minerals-and-energy-ltd-heads-to-market-68807.html Greenland Minerals and Energy Ltd (ASX:GGG) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The company is focused on the Kvanefjeld, one of the worlds most advanced rare earth and uranium projects.

The halt will remain in place until the opening of trade on Friday 27th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 May 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155403/greenland-minerals-and-energy-ltd-heads-to-market-68807.html
<![CDATA[News - Greenland Minerals and Energy Ltd meets with Premier of Greenland, President of Iceland ]]> http://www.proactiveinvestors.com.au/companies/news/155402/greenland-minerals-and-energy-ltd-meets-with-premier-of-greenland-president-of-iceland-68748.html Greenland Minerals and Energy Ltd (ASX:GGG) has participated in the Arctic Circle Greenland Forum at the invitation of the Premier of Greenland and the President of Iceland.

Government support for the company's development of the Kvanefjeld rare earth and uranium project in Greenland will be integral to its development.

Dr John Mair, managing director of Greenland Minerals, participated as both a presenter and panellist in the session that addressed natural resource development in the Arctic.

The Arctic Circle Forum aims to strengthen the international focus on the future of the Arctic.

Greenland has placed a major focus on moving toward a greater emphasis on natural resource development to diversify, grow, and strengthen its economy.

Kvanefjeld is amongst the higher profile mineral resource projects in the Arctic region.


Government support

In recent months, Greenland has made significant advances to its regulatory framework in order to effectively manage the production and export of uranium.

Uranium stands to be a by-product of specialty metal production from Kvanefjeld.

These important developments represent the culmination of work programs conducted by the Greenland and Danish governments over recent years.


Recent feasibility study upgrade

Greenland Minerals recently updated the feasibility study on Kvanefjeld.

The net present value of the project increased from US$1.40 billion to US$1.59 billion and the internal rate of return increased from 21.8% to 43.4%.

Project financing was lowered significantly to US$831.9 million, initially forecast at US$1.36 billion.

The payback period is now 5 years instead of 6.


Next steps

A mining license application for Kvanefjeld was submitted in late 2015 and the major reviews of key components are now advanced.

The company will provide further updates on the permitting schedule. 

Greenland Minerals continues to progress with the support infrastructure strategy for the
Kvanefjeld Project.

In early March, the company signed a letter of intent to develop a power concept for the Kvanefjeld Project, based on hydropower.

Other third party infrastructure concepts to reduce capital costs are being sought for a port, accommodation for employees, power supply and supplies of key reagents.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 20 May 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155402/greenland-minerals-and-energy-ltd-meets-with-premier-of-greenland-president-of-iceland-68748.html
<![CDATA[News - Greenland Minerals and Energy Ltd new study lifts Kvanefjeld valuation ]]> http://www.proactiveinvestors.com.au/companies/news/155401/greenland-minerals-and-energy-ltd-new-study-lifts-kvanefjeld-valuation-67906.html Greenland Minerals and Energy Ltd (ASX:GGG) has updated the feasibility study on its Greenland rare earth and uranium project, Kvanefjeld, from enhancements that would result in reduced capital costs and increased project returns from development.

Kvanefjeld is one of the world's most advanced rare earth and uranium projects.

The Kvanefjeld feasibility study was released in 2015 and recast project metrics as a result of technical improvements, revised costings and third party financing options has lifted projected average annual free cash flows to US$376 million.

In turn, net present value of the project gains a lift from US$1.40 billion to US$1.59 billion and the internal rate of return has increased by 99% from 21.8% to 43.4%.

Project financing was initially forecast at US$1.36 billion, which has been lowered significantly to US$831.9 million.

Payback period is now 5 years instead of 6.

Conservative pricing assumptions demonstrate the viability of the project, even in a low-price environment. This included the use of the current long term contract price and the price for the majority of the rare earth basket has been reduced to current spot prices.

On the plus side, forecast prices for the 4 “magnet metal” rare earths: Neodymium, Praseodymium, Terbium and Dysprosium that were used in the earlier Study have been retained - based on their favourable long term outlook.

Recently conducted pilot plant operations demonstrated results that led to increases in recoveries and production.

These measures all contribute to significant capital and operating cost reductions from those reported in the Feasibility Study.

The project stands to be a stable, long‐term, low‐cost supplier of materials essential to clean energy generation, and energy efficient technologies.

The uranium output will provide a stable revenue stream to significantly strengthen project economics of the Kvanefjeld multi‐element deposit (rare earth elements, uranium, zinc).


Third Party Infrastructure Financing

Third party financing, construction, and operation of a port of sufficient scale, accommodation for employees, power supply and supplies of key reagents would enhance strategic partner, offtake and financing imperatives. Build Own Operate (BOO) arrangements would prove a significant value driver.


Hydropower for Kvanefjeld

Greenland Minerals is eyeing the use of hydro‐electric power for Kvanefjeld having signed an agreement with a European multi‐national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

Apart from reducing the carbon footprint, third party infrastructure concepts could reduce capital costs and enhance the projects economic metrics. The agreement to advance third party power solution is a significant step in that direction.

Greenland Minerals has actively been investigating third‐party infrastructure concepts that would benefit the Kvanefjeld Project.


Government support

Steps continue to be made between Greenland Minerals and the governments of Denmark and Greenland.

In February, the governments of Denmark and Greenland signed a uranium export agreement addressing the regulation of future mining and export of the commodity from Greenland.

The agreements reaffirm Greenland’s full authority over its natural resources including environmental, health and safety at any uranium (or thorium) production facility in Greenland.

This followed the establishment of legal framework between Denmark and Greenland regarding the special foreign, defence and security policy issues of the commodity.


Background

During 2015, the key focus for Greenland Minerals was the completion of a mining license application for the Kvanefjeld Project. In Greenland, a mining lease application must include a comprehensive feasibility study and environmental and social impact assessments.

The scope of both the impact assessments are only settled once the scope of the feasibility study has been determined.

Greenland Minerals settled the scope of its feasibility study in 2014 and completed the study in May, 2015, which allowed for the environmental and social impact assessments to be successfully completed in Q4 2015. The application was then lodged with the Greenland Government for formal review.

Having finalised the scope for the feasibility study, Greenland Minerals continued to investigate opportunities to enhance the project and also conducted pilot plant operations to evaluate continuous metallurgical performance at large scale.

A number of fundamental enhancements to the project were identified through these steps and these have now been incorporated into the company’s project valuation.


Analysis

Technical improvements by GGG have been the biggest driver behind the increase in net present valuation of the Kvanefjeld project by US$193m and big lift in IRR to 43.4%. The result is all the more positive particularly because many assumptions that have been used in the updated FS are even more conservative.

Inputs that would affect project valuation such as discount rate, project operating costs and uranium recoveries have all been adjusted. This shows Greenland Minerals have taken a measured approach with their revaluation.

Future valuation drivers for GGG include: arrangement for power supply with the Government of Greenland and a major European multinational conglomerate that specialises in power provision; BOO (Build Own Operate) advancement and commercial discussions with strategic partners and off‐take agreements.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Apr 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155401/greenland-minerals-and-energy-ltd-new-study-lifts-kvanefjeld-valuation-67906.html
<![CDATA[News - Greenland Minerals and Energy Ltd to appoint new directors to advance Kvanefjeld ]]> http://www.proactiveinvestors.com.au/companies/news/155400/greenland-minerals-and-energy-ltd-to-appoint-new-directors-to-advance-kvanefjeld-67891.html Greenland Minerals and Energy Ltd (ASX:GGG) has advised that Michael Hutchinson has resigned as a director of the company.

Hutchinson joined the company in November 2008 as chairman, a role he held until September 2014, when he moved to the position of non-executive director.

Tony Ho, chairman, stated: “I thank Michael Hutchinson for his efforts as both chairman and director.

"He has been an important contributor to see the Company positioned with 100% project ownership, and advancing into the current permitting phase.

"Following recent board changes, the company is looking to appoint new directors as we continue to work closely with Greenland and potential strategic partners to position the Kvanefjeld Project for development.”

The Kvanefjeld deposit is positioned to be developed as a long-life, low cost producer of critical rare earths and uranium.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 06 Apr 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/155400/greenland-minerals-and-energy-ltd-to-appoint-new-directors-to-advance-kvanefjeld-67891.html
<![CDATA[News - Greenland Minerals and Energy Limited eyes hydropower for Kvanefjeld ]]> http://www.proactiveinvestors.com.au/companies/news/155399/greenland-minerals-and-energy-limited-eyes-hydropower-for-kvanefjeld-67392.html Greenland Minerals and Energy Limited (ASX:GGG) is eyeing the use of hydro‐electric power for the large Kvanefjeld rare earth and uranium project, signing an agreement with a European multi‐national conglomerate to develop a "power concept" based on renewable energy to power Kvanefjeld.

The agreement comes after an ongoing dialogue driven by the provider with the Government of Greenland and the company.

Apart from reducing the carbon footprint, third party infrastructure concepts could reduce capital costs and enhance the projects economic metrics. The agreement to advance third party power solution is a significant step in that direction.

The power solution will investigate the potential to link in to the existing public network, providing broader benefits for South Greenland. The set‐up for the power solution would consider a Private Public Partnership (PPP) model, in which GMEL would be an end‐user.

The provider will map out the entire concept and aim to bring in a partner for the main EPC contractor, civil work and financing.

Managing director of Greenland Minerals, Dr John Mair said: "GMEL has actively been investigating third‐party infrastructure concepts that would benefit the Kvanefjeld Project.

"Greenland has excellent potential to increase the hydro‐electric power capacity, which would provide major benefit for new industry, as well as nearby communities.

"Utilising hydroelectricity to power operations will reduce the carbon footprint and strengthen the brand of raw materials produced in Greenland, which is of increasing importance to end users."

The power solution will investigate the potential to link in to the existing public network, providing broader benefits for South Greenland.

The set‐up for the power solution would consider a Private Public Partnership (PPP) model, in which Greenland Minerals would be an end‐user. The provider will map out the entire concept and aim to bring in a partner for the main EPC contractor, civil work and financing.

The use of hydropower to produce raw materials that are critical to clean energy generation and new energy efficient technologies would provide an optimal outcome for the Kvanefjeld project and would reduce the carbon footprint of the project and be advantageous to end product branding.

Kvanefjeld is one of the world’s largest resources of rare earth elements, as well as containing substantial resources of uranium and zinc.



Upcoming Work Programs

The provider has mapped out a three stage work program.

- The first stage is the delivery of a ‘power concept’ which will be completed within a couple of months and will be incorporated into the mining license application before the public hearing period. The power concept will draw off the information in the Kvanefjeld Feasibility Study, and the provider’s in‐depth experience and expertise in power provision solutions.
- The second phase would commence upon receipt of mining permits, and aim to take the power concept to bankable status.
- The third stage will involve the supply of electromechanical equipment for the hydro‐power plant and the substation and grid control for the network.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 08 Mar 2016 15:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155399/greenland-minerals-and-energy-limited-eyes-hydropower-for-kvanefjeld-67392.html
<![CDATA[News - Greenland Minerals uranium plans strengthened by regulatory regime ]]> http://www.proactiveinvestors.com.au/companies/news/155398/greenland-minerals-uranium-plans-strengthened-by-regulatory-regime-66847.html New government uranium agreements have helped Greenland Minerals and Energy's (ASX:GGG) Kvanefjeld rare earths-uranium project outlook improve further as a supplier of the nuclear fuel.

The governments of Denmark and Greenland have signed uranium export agreements that address the regulation of future mining and export of the commodity from Greenland.

The agreements reaffirm Greenland’s full authority over its natural resources including environmental, health and safety at any uranium (or thorium) production facility in Greenland.

They also establish a framework under which Denmark will assume responsibility for nuclear non-proliferation and safeguards matters.

The system will ensure that only states which are a party to the nuclear non-proliferation treaty and which enter appropriate nuclear cooperation agreements with Denmark can receive uranium exported from Greenland.

The development is a positive step in the international standardisation of Greenland's uranium materials industry and has supported Greenland Minerals' valuation since the company flagged progress on this front in late December.

The Danish government is expected to introduce a bill on nuclear safeguards by mid-2016, with related legislative proposals set to coincide with this progress in Greenland.


Project support

The agreements between Greenland and Denmark regarding radioactive materials regulation add confidence to the local support Kvanefjeld has already enjoyed in its development process to date.

Late last year, the Greenland government approved Kvanefjeld’s public pre-hearing white paper and terms of reference, making the proposed mine the first project in the country to go through this public input and awareness process.

The milestone bodes well for the pending mining licence application since the clearance implies both government support and company meticulousness in project design.

The process route has been rigorously developed, and both concentrator and refinery circuits have been successfully operated at pilot plant scale.


Analysis

The decision of the Greenland and Denmark governments are a welcome development for Greenland Minerals since it strengthens the country’s authority over its natural resources while providing a modern framework for the export and sale of uranium for the growing international fleet of nuclear electricity plants.

These developments constitute major progress on Greenland’s capacity to produce and export uranium, and as such, firm confidence in Kvanefjeld.

International standardisation of Greenland’s regulation agreements between Greenland and Denmark concerning uranium production and export will underpin Kvanefjeld’s business model as operations get underway.

Also, the Greenland government’s recent sense of urgency to modernise its country’s uranium policy suggests a growing understanding that this macro market is set for increased investment and growth opportunities.

In this context, pending permits for the project (including a mining licence application) represent significant potential price catalysts for Greenland Minerals, which has seen its stock rise 43% since mid-December.

Kvanefjeld is likely to be amongst the industry’s lowest-cost producers of critical rare earths (after by-product revenue streams).





Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents. 

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Wed, 03 Feb 2016 15:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155398/greenland-minerals-uranium-plans-strengthened-by-regulatory-regime-66847.html
<![CDATA[News - Greenland Minerals sees firming support in new uranium policy ]]> http://www.proactiveinvestors.com.au/companies/news/155397/greenland-minerals-sees-firming-support-in-new-uranium-policy-66686.html Greenland Minerals and Energy (ASX:GGG) is set to benefit from another enhancement of Greenland's uranium regulatory system as the autonomous Danish territory moves to safeguard its export industry for the nuclear fuel.

The country - which administrates the uranium sector jointly with Denmark - has established a legal framework regarding the special foreign, defence and security policy issues of the commodity.

This is seen as a key step in aligning the local industry with international standards and best practice for uranium and radioactive materials.

Shares in Greenland Minerals jumped as much as 21% this morning on the news and were last trading 13.8% stronger at A$0.033.

It follows the Greenland government ratifying its accession to a series of international safety conventions relating to uranium in late 2015.

These items come as the end result of ongoing cooperative work by Greenland and Denmark, which follow the recommendations of a report into uranium mining and export, commissioned in 2013.


Project momentum

The regulatory progress for the uranium industry in Greenland has coincided with Greenland Minerals' work to finalise an mining license application for the company's Kvanefjeld project.

This development puts the company in a position to leverage the project's massive inventory as nuclear and niche metal markets take off in the medium term.

Importantly, it follows a Greenland government approval for Kvanefjeld’s public pre-hearing white paper and terms of reference.

The milestone bodes well for the pending mining licence application since the clearance implies both government support and company meticulousness in project design.

Feasibility work for Kvanefjeld has outlined a 37-year mine life for an operation with a low strip ratio and a maiden ore reserve of 108 million tonnes at 362 parts per million uranium, 2,600 parts per million zinc and 14,300 parts per million total rare earth oxides.

The process route has been rigorously developed, and both concentrator and refinery circuits have been successfully operated at pilot plant scale.

Collectively, these achievements have Kvanefjeld positioned as one of the most advanced rare earth and uranium projects globally.


Analysis

Alignment of the Greenland uranium and rare earths industries with international standards is a good sign for Greenland Minerals as it sets up Kvanefjeld to benefit from more approvals milestones as a mining licence application goes under government review.

Encouragingly, the legislation is expected to go through in the near term, with media reports indicating that laws regarding safeguards and export controls on dual use goods (uranium) for Greenland are tabled for ratification in the upcoming sitting of Danish Parliament in March.

Pending permits for the project in this context represent significant potential price catalysts for Greenland Minerals.

Also, the Greenland government’s recent sense of urgency to modernise its country’s uranium policy suggests a growing understanding that this macro market is set for increased investment and growth opportunities.

Kvanefjeld is expected to meet these evolving markets with potential to be amongst the industry’s lowest-cost producers (after by-product costs) and a current life-of-mine plan based on only 10% of a massive overall resource base.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 22 Jan 2016 13:28:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155397/greenland-minerals-sees-firming-support-in-new-uranium-policy-66686.html
<![CDATA[News - Greenland Minerals and Energy in a halt, regulatory developments in Greenland and Denmark ]]> http://www.proactiveinvestors.com.au/companies/news/155396/greenland-minerals-and-energy-in-a-halt-regulatory-developments-in-greenland-and-denmark-66651.html Greenland Minerals and Energy's (ASX:GGG) shares are in a trading halt after the company said it was finalising an announcement on significant regulatory developments in Greenland and Denmark.

Greenland Minerals' three defined mineral resources (Kvanefjeld, Sørensen, and Zone 3) have a combined global resource base of greater than 1 billion tonnes, one of the largest and most advanced undeveloped resources of rare earth metals and uranium globally.

The development strategy has been through a public pre-hearing phase, and the resulting white paper and terms-of-reference were approved by the Greenland government in 2015.

The process route has been rigorously developed, and both concentrator and refinery circuits have been successfully operated at pilot plant scale.

The company has requested the halt be in place until commencement of trading on Friday 22 January 2016.

 

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

 

 

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Wed, 20 Jan 2016 14:41:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155396/greenland-minerals-and-energy-in-a-halt-regulatory-developments-in-greenland-and-denmark-66651.html
<![CDATA[News - Greenland ratifies participation in international regulatory conventions ]]> http://www.proactiveinvestors.com.au/companies/news/155395/greenland-ratifies-participation-in-international-regulatory-conventions-66340.html Greenland Minerals and Energy (ASX:GGG) said that it is pleased to advise that the Greenland Government has ratified its accession to a series of international conventions that relate to safety and handling of radioactive materials.

The conventions had been identified through ongoing work by Greenland and Danish government departments over the last two to three years.

These work programs aimed to identify and implement advances to Greenland’s regulatory system, such that mining activities involving radioactive materials (uranium) can be conducted in accordance with best international practice.

Denmark has been a signatory to the conventions for a number of years; however, Greenland’s offshore territory status under the Kingdom of Denmark required that it independently ratifies accession, which has now taken place.

The six conventions and explanatory terms went through a public hearing process in Greenland through the middle of 2015, prior to being tabled for parliament.


The Kvanefjeld Project

Greenland Minerals and Energy said that its Kvanefjeld Project is inclusive of three defined mineral resources (Kvanefjeld, Sørensen, and Zone 3), with a combined global resource base of greater than 1 billion tonnes.

It stands as one of the largest undeveloped resources of rare earth metals and uranium globally.

In 2015, a comprehensive feasibility study has been completed for the initial development strategy, and an ore reserve estimate established to sustain a 37 year mine-life.

Environmental and social impact assessments have also be completed, which together with the feasibility study, constitute an exploitation (mining) license application.

The development strategy has been through a public pre-hearing phase, and the resulting white paper and terms-of-reference were approved by the Greenland government in 2015.

The Kvanefjeld project is designed to deliver a stable, low cost producer of critical rare earth products, uranium oxide, zinc concentrate and fluorspar.

The polymetallic production profile, and unique non-refractory ore provide key advantages.

The process route has been rigorously developed, and both concentrator and refinery circuits have been successfully operated at pilot plant scale.

Collectively, these achievements have Kvanefjeld positioned as one of the most advanced rare earth and uranium projects globally.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 23 Dec 2015 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155395/greenland-ratifies-participation-in-international-regulatory-conventions-66340.html
<![CDATA[News - Greenland Minerals and Energy’s John Mair in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/155394/greenland-minerals-and-energys-john-mair-in-proactive-qa-sessions-65956.html Greenland Minerals and Energy (ASX:GGG) managing director, John Mair, has joined Proactive Q&A Sessions™ exclusively to discuss the growing development potential of the company’s Kvanefjeld rare earths-uranium project as it transitions into a permitting phase.

The company has just scheduled an early-2016 start for the project’s mining licence application process after compiling all the necessary documentation via an exhaustive research and development phase spanning several years.

These application documents have now been made available to Greenland regulatory bodies in order to begin a guidance phase to ensure compliance ahead of the mining licence process.

This development puts Greenland Minerals in a position to leverage Kvanefjeld’s massive inventory as nuclear and niche metal markets take off in the medium term.

Importantly, it follows a Greenland government approval for Kvanefjeld’s public pre-hearing white paper and terms of reference.

This milestone bodes well for the pending mining licence application since the clearance implies both government support and company meticulousness in project design.

Feasibility work for Kvanefjeld has outlined a 37-year mine life for an operation with a low strip ratio and a maiden ore reserve of 108 million tonnes at 362 parts per million uranium, 2,600 parts per million zinc and 14,300 parts per million total rare earth oxides.


PROACTIVE INVESTORS: Welcome John.


Are there precedents in Greenland’s mining industry which investors can use as a guide when considering the timeframes that will be involved in Kvanefjeld’s mining licence application process?

The Greenland government outlines a twelve month program for the processing of a mining license application, and this consists of several phases.

We have seen some applications move through the system in considerably shorter time.

We anticipate that by conducting the pre-hearing phase (approvals all complete) we will streamline the processing of the mining license application.


How do you envision the state of rare earths and uranium markets at the time when the mining licence process will be completed?

The consolidation of the rare earth industry in China continues to have a strong influence on the rare earth market.

This is progressing, and should ultimately lead to restrictions on illegal supply channels and price strengthening.

There is concern in China as to where future sources of high-quality rare earth feedstocks will come from, and this has Chinese groups increasingly looking elsewhere.

The uranium market is set for a rebound.

There’s no doubt, it is just a matter of when, and in 2016 we expect to see increasing market attention focused on the sector.


Do you have any anecdotal information that may help investors understand Kvanefjeld’s prospects for completing an efficient and successful mining licence application process?

We have been working with stakeholders in Greenland for a number of years to ensure the project is best aligned with the expectations and requirements.

There are a number of steps to the process, so we’ll be updating the market as we progress.

It’s a good time to be progressing the permitting, which is set to have the project well positioned for improving market conditions for the rare earth and uranium sectors.

There are very few advanced projects globally, and we are certainly one of them.


PROACTIVE INVESTORS: Thank-you John.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 04 Dec 2015 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155394/greenland-minerals-and-energys-john-mair-in-proactive-qa-sessions-65956.html
<![CDATA[News - Greenland Minerals readies near-term rare earths mining licence application ]]> http://www.proactiveinvestors.com.au/companies/news/155393/greenland-minerals-readies-near-term-rare-earths-mining-licence-application-65946.html With all necessary documentation now complete, Greenland Minerals and Energy (ASX:GGG) has scheduled an early-2016 start for the mining licence application process at its Kvanefjeld rare earths-uranium project.

Materials for the application have now been made available to Greenland regulatory bodies to begin a guidance phase designed to ensure compliance and determine which components are to be translated into Danish and Greenlandic as part of a public hearing process.
 
This process is expected to run smoothly as Greenland Minerals has specifically designed Kvanefjeld to meet the requirements of the government of Greenland.

Treatment and abatement have been applied to all emissions to meet Greenland and European standards.

The design of tailings dams has carefully considered what is best for the local environment while preserving opportunities to extract further value from the tailings.

Indeed, an Environmental and Social Impact Assessment has been completed and incorporated into the mining licence application materials, offering the culmination of several years’ worth of studying the natural environment around the project area, technical studies and public consultation.

Other materials readied to advance the project into a mine permitting phase next year include the outcomes of the Feasibility Study, which outlined a 37-year mine life for an operation with a low strip ratio and a maiden ore reserve of 108 million tonnes at 362 parts per million uranium, 2,600 parts per million zinc and 14,300 parts per million total rare earth oxides.


Permitting and potential

Greenland Minerals’ graduation to the permitting phase was symbolically achieved with government approval last week for Kvanefjeld’s public pre-hearing white paper and terms of reference.

This milestone made the proposed mine the first project in the country to go through this public input and awareness process.

The terms of reference set the agreed initial development strategy for Kvanefjeld, which includes in-country processing to produce a critical rare earth product, uranium oxide, zinc concentrate, lanthanum, fluorspar and cerium by-products.

Recent testwork at the site has confirmed a 95% production rate of rare earth extraction, comfortably exceeding feasibility study design assumptions of 77%.

Uranium extraction results have been in line with feasibility assumptions at a solid 85%.

Kvanefjeld is believed to have potential to be amongst the industry’s lowest-cost producers (after by-product costs) with the current life-of-mine plan based on only 10% of the overall resource base.

The overall resource inventory totals 1.01 billion tonnes containing 593 million pounds U3O8, 11.14 million tonnes TREO and 2.25 million tonnes zinc.

This TREO content includes 370,000 tonnes heavy REO and 840,000 tonnes yttrium oxide.


Analysis

Scheduling for Kvanefjeld’s mining licence application early next year sets up a highly prospective, near-term price catalyst for Greenland Minerals stock, especially considering the exhaustive detail considered in the preparatory documentation.

The recent government approval for Kvanefjeld’s public pre-hearing white paper and terms of reference bodes well for the pending mining licence application since this clearance implies both government support and company meticulousness in project design.

Importantly, traction on this front highlights Greenland Minerals’ progress in earning a critical “social licence”, which represents local community approval and will be a major consideration in the mining licence process.

Recent improvements achieved on feasibility assumptions, meanwhile, have demonstrated that conservative metrics have been applied to Kvanefjeld, suggesting further project upside may result as more advanced developments take shape.

Future upside in this regard may be provided by upcoming analysis of a 25-kilogram sample of mixed rare earth carbonate produced as part of the latest testwork.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 02 Dec 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155393/greenland-minerals-readies-near-term-rare-earths-mining-licence-application-65946.html
<![CDATA[News - Greenland Minerals transitions rare earths project into permitting phase ]]> http://www.proactiveinvestors.com.au/companies/news/155392/greenland-minerals-transitions-rare-earths-project-into-permitting-phase-65804.html Greenland Minerals and Energy (ASX:GGG) is marking an important milestone in advancing its Kvanefjeld rare earths-uranium operation as pre-hearing approvals clear a path for a mining licence application.

The Greenland government has approved Kvanefjeld’s public pre-hearing white paper and terms of reference, making the proposed mine the first project in the country to go through this public input and awareness process.

The terms of reference set the agreed initial development strategy for Kvanefjeld, which includes in-country processing to produce a critical rare earth product, uranium oxide, zinc concentrate, lanthanum, fluorspar and cerium by-products.

Recent testwork at the site has confirmed a 95% production rate of rare earth extraction, comfortably exceeding feasibility study design assumptions of 77%.

Uranium extraction results have been in line with feasibility assumptions at a solid 85%.

Kvanefjeld is believed to have potential to be amongst the industry’s lowest-cost producers (after by-product costs) with a 37-year mine life based on only 10% of the overall resource base.

The overall resource inventory totals 1.01 billion tonnes containing 593 million pounds U3O8, 11.14 million tonnes TREO and 2.25 million tonnes zinc.

This TREO content includes 370,000 tonnes heavy REO and 840,000 tonnes yttrium oxide.

With pre-hearing approvals complete, Greenland Minerals will look to make mining license application documents available to regulatory bodies in order to begin the guidance phase.

The guidance phase involves initial high-level reviews of the exploitation license application reports for content adequacy and compliance, and identifies components for translation into Danish and Greenlandic.


Financial progress

The latest support from the Greenland government follows additional validation in the form of an innovation award for Kvanefjeld’s engineering consultant and significant interest from investors.

Greenland Minerals generated A$3 million in funds last month from the underwriting of an earlier announced rights issue priced at $0.035 per share.

The funding will be used to develop Kvanefjeld into permitting phase as well as shift into gear the commercialisation of the massive project.

Proceeds could also be used to drive further development of the project, including optimisations to reduce civil earthwork and mining costs, recovery enhancements and commercial development.

The company had A$2 million cash in hand at the end of September.


Analysis

Pre-hearing approval from the local government is a significant achievement for Greenland Minerals’ plans to progress Kvanefjeld through the Greenland permitting process.

This milestone also highlights the company’s progress in earning a critical “social licence”, which represents local community approval.

The achievement is even more significant as the Terms of Reference effectively set the agreed initial development strategy for Kvanefjeld including in-country processing to produce a critical rare earth product, uranium oxide, zinc concentrate, lanthanum and cerium by-products and fluorspar.

This would then clear the path for mining license application to be made available to local regulatory bodies.

Advancement of Kvanefjeld to this stage sets up Greenland Minerals for a number of potential price catalysts ahead.

Recent improvements achieved on feasibility assumptions, meanwhile, highlight that conservative metrics have been applied to Kvanefjeld, suggesting further project upside may result as more advanced developments take shape.

Future upside in this regard may be provided by upcoming analysis of a 25-kilogram sample of mixed rare earth carbonate produced as part of the latest testwork.

The high recovery rates and better-than-expected processing character of Kvanefjeld material underline the project’s potential as an efficient supplier of niche raw materials for high-tech European markets.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 Nov 2015 12:28:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155392/greenland-minerals-transitions-rare-earths-project-into-permitting-phase-65804.html
<![CDATA[News - Greenland Minerals and Energy benefits from world-class engineering ]]> http://www.proactiveinvestors.com.au/companies/news/155391/greenland-minerals-and-energy-benefits-from-world-class-engineering-65496.html Engineering work at Greenland Minerals and Energy’s (ASX:GGG) Kvanefjeld rare earths-uranium project has further enhanced the developer’s investment profile by attracting an international innovation award.

The main contributing independent consultant for Kvanefjeld’s feasibility work, Tetra Tech Proteus, took home the ‘Bentley Be Inspired’ award for Innovation in Mining 2015 for three-dimensional modelling carried out on the project.

The engineering services company – which has extensive experience in developing mining and infrastructure projects in cold climate environments – was recognised in London at the Bentley Awards ceremony.

The Kvanefjeld Feasibility Study, completed in Q2 2015, forms a key part of the mining license application for the project.

Funding for this permitting work, as well as for efforts related to transitioning into a commercialisation phase, has been generated by a recent A$3 million capital raising.


Sharpening project

The award-winning feasibility work by Tetra Tech Proteus has helped define Kvanefjeld as having potential to be amongst the lowest-cost producers (after by-product costs) with more than 1 billion tonnes of resources supporting a mine life of 37 years.

However, more recent developments are indicating the project has further scope for expansion and operational improvements.

Last month, a refinery pilot plant trial served to further de-risk the operation’s atmospheric leach circuit and confirmed the non-refractory nature of Kvanefjeld material with high extraction levels.

Thanks to the use of simple mechanical equipment, the availability of the pilot plant was very high with no significant stoppages experienced. All materials of construction performed well with no corrosion observed due to process conditions.

The impurity removal circuit demonstrated improved rare earth recoveries to those assumed for the feasibility study.

These pilot plant activities were performed as part of the European rare earths promotional program, EURARE, for which Greenland Minerals and Energy is a work package leader.

Also, testwork last month which demonstrated a 95% production rate of rare earth extraction, comfortably exceeding feasibility study design assumptions of 77%.

Uranium extractions were in line with feasibility assumptions at a solid 85%.


Analysis

The award for Kvanefjeld’s engineering contractor reflects positively on the project because it confirms the quality of the feasibility work conducted to date and illustrates that practical project fundamentals are being managed by an experienced Arctic operator.

Tetra Tech Proteus has worked in Arctic engineering since 1968. This level of experience is a critical advantage for Greenland Minerals and Energy since operating in this region involves unique challenges related to climatic extremes and environmental sensitivities.

The flowsheet progress demonstrated in recent weeks, meanwhile, represents a firming up of design parameters for crucial processing steps in Kvanefjeld’s planned operations.

It also offers additional support for ongoing optimisation study efforts to further improve project economics.

Success in streamlining processing flowsheets is particularly important to the viability of rare earths projects. As such, the latest developments at Kvanefjeld reflect well on the project’s potential to achieve competitive production efficiencies.

The improvement achieved on feasibility assumptions also highlights that conservative metrics have been applied to Kvanefjeld, suggesting further project upside may result as more advanced developments take shape.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 09 Nov 2015 15:42:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155391/greenland-minerals-and-energy-benefits-from-world-class-engineering-65496.html
<![CDATA[News - Greenland Minerals and Energy sharpens rare earths production efficiencies ]]> http://www.proactiveinvestors.com.au/companies/news/155390/greenland-minerals-and-energy-sharpens-rare-earths-production-efficiencies-65285.html Greenland Minerals and Energy (ASX:GGG) has completed refinery pilot plant activities at its Kvanefjeld rare earths-uranium project, with outcomes either consistent with or exceeding feasibility design criteria.

The trial for the refining process – which converts mineral concentrate produced by the concentrator circuit into a rare earth intermediate product – served to further de-risk the Greenland operation’s atmospheric leach circuit and confirmed the non-refractory nature of Kvanefjeld material with high extraction levels.

The pilot plant-scale operations produced valuable information which would not be available at small or batch scale. In particular, this includes information on the performance of solid liquid separation units such as thickeners and filters.

Due to the use of simple mechanical equipment, the availability of the pilot plant was very high with no significant stoppages experienced. All materials of construction performed well with no corrosion observed due to process conditions.

The impurity removal circuit demonstrated improved rare earth recoveries to those assumed for the feasibility study.

These pilot plant activities were performed as part of the European rare earths promotional program, EURARE, for which Greenland Minerals is a work package leader.

About 25 kilograms of mixed rare earth carbonate produced as part the exercise will be used to test further refining of the rare earths to produce final rare earth products.

Upcoming separation testwork will involve the use of solvent extraction to produce individual rare earth oxides.


Processing strengths

The latest results from the refinery pilot work followed related testwork last month which demonstrated a 95% production rate of rare earth extraction, comfortably exceeding feasibility study design assumptions of 77%.

Uranium extractions were in line with feasibility assumptions at a solid 85%.

The overall progress represents a firming up of design parameters for crucial processing steps in Kvanefjeld’s planned operations and offers additional support for ongoing optimisation study efforts to further improve project economics.

Recent work in this regard has also achieved continuous pilot plant operation for 250 hours, treating 250 kilograms of rare earth and uranium mineral concentrate, which was generated by the concentrator pilot plant in May.


Growing project

Processing milestones at Kvanefjeld have been paralleled by significant fundraising efforts, with Greenland Minerals generating A$3 million earlier this month from the underwriting of an earlier announced rights issue priced at $0.035 per share.

The funding will be used to develop Kvanefjeld into permitting phase as well as shift into gear the commercialisation of the massive project.

Permitting is based on just the Kvanefjeld deposit, which features an initial mine life of 37 years, drawing on a 108 million tonne defined ore reserve.

If the two other JORC mineral resources are included at the project, Sørensen and Zone 3 which remain open, the broader project takes on herculean scale.

The combined JORC mineral resources represent one of the world’s largest undeveloped rare earth and uranium deposits, handily located with direct, year-round shipping access in southern Greenland.

Resource totals have been estimated at 10.3 million tonnes for total rare earth oxides, 370,000 tonnes for heavy rare earth oxides, 575 million pounds for uranium oxide and 2.25 million tonnes for contained zinc.


Analysis

Completion of the refining pilot work is a significant milestone in operations where processing particulars weigh heavily on operational economics – as is the case in rare earths and uranium projects. 

As such, positive results from the latest refining testwork on Kvanefjeld material are significant. The economic success of rare earth operations is highly reliant on efficient processing flowsheets.

The improvement achieved on feasibility assumptions, meanwhile, highlights that conservative metrics have been applied to Kvanefjeld, suggesting further project upside may result as more advanced developments take shape.

Future upside in this regard may be provided by upcoming analysis of a 25-kilogram sample of mixed rare earth carbonate produced as part of the latest testwork.

The high recovery rates and better-than-expected processing character of Kvanefjeld material bode well for efficient exploitation of a massive resource with access to high-tech European markets.

The involvement of EURARE in Kvanefjeld’s development hints at the appetite in Europe for regional sources of the strategic minerals the project will provide.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 26 Oct 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155390/greenland-minerals-and-energy-sharpens-rare-earths-production-efficiencies-65285.html
<![CDATA[News - Greenland Minerals and Energy's directors up stake in rights issue ]]> http://www.proactiveinvestors.com.au/companies/news/155389/greenland-minerals-and-energys-directors-up-stake-in-rights-issue-65171.html Greenland Minerals and Energy (ASX:GGG) recently raised funds for the further development of its Kvanefjeld rare earth – uranium project in Greenland.

Directors of the company provided strong support in the raising.

Dr John Mair, managing director, spent close to $56,000, increasing his stake to just shy of 8 million shares, with several lines of options.

Simon Cato, non-executive director, invested over $34,000, increasing his stake to circa 5.8 million shares, with several lines of options.

Anthony Ho, chairman, purchased around $11,800 in rights, increasing his stake to 2.24 million shares, with several lines of options.

Kvanefjeld is one of the most advanced, undeveloped rare earth and uranium projects globally with a maiden Ore Reserve of 108 million tonnes at 362ppm U3O8, 2,600ppm zinc and 14,300ppm total rare earth oxides.

This is sufficient to underpin an initial 37 year mine-life.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 19 Oct 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/155389/greenland-minerals-and-energys-directors-up-stake-in-rights-issue-65171.html