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Greenland Minerals chairman buys shares on market

The company is developing the globally significant Kvanefjeld Project in Greenland.
board room table surrounded by empty chairs
Tony Ho purchased 250,610 shares for $19,046

Greenland Minerals Ltd (ASX:GGG) has received a vote of confidence from its non-executive chairman Anthony Ho who has purchased shares in the company on-market.

Ho acquired 250,610 shares through on-market trades increasing his overall holding in the company to 3.18 million shares.

READ:  Greenland Minerals signs off-take MoU with strategic partner Shenghe, shares rise

The purchases follow recent news of the company signing a non-binding memorandum of understanding (MoU) related to off-take from its Kvanefjeld Project in Greenland.

The MoU is with major shareholder and strategic partner Shenghe and establishes a framework to enter future binding agreements.

It covers two key areas; (1) product off-take and marketing of rare earth products produced from Kvanefjeld, and (2) strategic development execution.

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