Greenland Minerals and Energy's (ASX: GGG) flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Kvanefjeld is rapidly growing into one of the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride.
Greenland Minerals and Energy (ASX: GGG) has appointed MZ Global to assist in increasing the company’s exposure in international markets, particularly in North American markets.
The company is looking at a potential OTC-QX listing in the U.S., among other activities.
The OTC-QX is the United States’ third most traded market after the NYSE and NASDAQ, and is one of three OTC Markets Group platforms which in total trade over 10,000 securities with an aggregate market capitalisation exceeding US$10 trillion.
It is the world's largest electronic marketplace for broker-dealers to trade over-the-counter stocks. More than US$144 billion in total volume of securities were traded on the OTC platform in 2010.
Greenland Minerals and Energy trades in the U.S. on the OTC-PK, however increasing investor interest from Northern America has highlighted the potential benefits of increasing exposure and accessibility in these, as well as other international markets.
The strategic move to grow the company’s international profile has been prompted by the ongoing success at the company’s Kvanefjeld multi-element project, where Greenland Minerals and Energy has established a solid technical foundation for development of the project.
A recent Pre-Feasibility Study identified the clear potential for Kvanefjeld to be developed as a long-life, cost effective producer of heavy, light and mixed rare earth concentrates, uranium oxide and zinc.
Further, the production profile is of global significance in terms of output capacity, and low production costs.
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