Sign up Australia
Proactive Investors - Run By Investors For Investors

Greenland Minerals & Energy enlists London investment bank’s aid

Greenland Minerals & Energy enlists London investment bank’s aid

Greenland Minerals & Energy (ASX: GGG) has appointed London-based investment bank Evolution Securities as its broker and corporate adviser as the company prepares for its next stage of growth.

The Perth-based Greenland explorer, which is advancing the Kvanefjeld rare earths, uranium and zinc project in Greenland, hopes with the assistance of Evolution to access northern hemisphere capital markets to help in the future financing of what the company believes will become a mining operation of strategic importance for western high tech industries as well as the world’s energy needs.

In addition, Greenland may pursue a stock exchange listing in London down the track and has enlisted the bank to advise on this process.

Its flagship Kvanefjeld asset is the first of a series of prospective areas to be drilled within the group’s exploration license over the northern Ilimaussaq Complex in southern Greenland.

“Now we have a strong resource base and a better feel for the resource potential of the overall license area, we are focused on building the foundations of a world class mining project,” said Greenland managing director Roderick McIllree.
Kvanefjeld is now the subject of a pre-feasibility study that is scheduled for completion late in 2009.

Register here to be notified of future GGG Company articles
View full GGG profile

Greenland Minerals and Energy Timeline

Related Articles

oil workers
January 24 2017
The Irish oil company has told investors that it is on track to kick off the Druid exploration well in June.
One of Iofina's plants in Oklahoma where it produces iodine from brine water taken as by product from oil fields
December 12 2016
A new debt deal and the prospect of improving markets bode well for the AIM group's continuing recovery.
Prime Minister David Cameron supports fracking in the UK, he is pictured at a IGas Energy shale well site.
March 09 2017
A US$35mln injection of fresh funds from strategic investor Kerogen Capital and a debt-for-equity swap with its lenders is underway

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.