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Greenland Minerals and Energy: Global X Management Co lifts stake again

GGG's share price has been helped recently by a higher uranium price.
Greenland Minerals and Energy: Global X Management Co lifts stake again
Global X has increased its stake once again

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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