Sign up Australia
Proactive Investors - Run By Investors For Investors

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.

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

Greenland Minerals and Energy Ltd Timeline

Related Articles

Tendrara, onshore Morocco well
September 13 2017
Sound has completed its acquisition and it is now advancing its portfolio of assets in western Morocco.
picture of oil facilities
August 14 2017
Echo has ‘two fantastic opportunities’ in Huayco and Rio Salado in Bolivia
Offshore oil operations, North Sea
August 14 2017
Drilling is now underway on the Statoil-led Verbier exploration well, which has the potential to be a game changer for AIM-quoted Jersey Oil & Gas.

© Proactive Investors 2017

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

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use