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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: GGG
News: Latest news
Web Site: Greenland Minerals and Energy
Other Articles: 12-08-201003-08-201002-08-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Greenland Minerals and Energy

Greenland Minerals and Energy

Greenland Minerals and Energy Ltd, is a mineral exploration and development company, focused on unlocking the mineral riches of Greenland, one of the world’s last natural resource frontiers. Our aim is simple; to identify large mineral deposits with the potential to underpin long term, economically robust mining operations. This is achieved through technically-focused exploration, aggressive resource development programs, and a strong understanding of the fundamentals that drive the business of mineral exploration and development globally.

Our flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Through focused exploration, Kvanefjeld is rapidly growing to become one to the world’s largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride, commodities with long term forecasts for strong demand increases.

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Thursday, July 08, 2010

Greenland Minerals and Energy cracks A$21m in financing for Kvanefjeld development

by Proactive Investors company news image

Greenland Minerals and Energy (ASX: GGG) has managed to secure A$21 million in financing for the Kvanefjeld project, despite the challenging capital markets, via a A$6 million placement of 17,647,060 shares at $0.34 to sophisticated and institutional investors and a A$15 million equity facility with US based YA Global Investments.

The funding will support an ongoing feasibility study and development programs on the Kvanefjeld Multi Element (rare earth elements, zinc, and uranium) Project in Greenland.

The equity facility has been established with YA Global Investments (Yorkville) that provides Greenland with the option to draw down on a $15 million facility at any time over the next five years.

The company's 2010 work program commenced in June, including infill drilling at Kvanefjeld with the goal of converting Inferred Resources to the higher Indicated category, enabling the resources to be included in mine plans.

A new prospective region discovered at Kvanefjeld, 6km to the south, Zone 2 is currently being drilled and the company has hopes that it could unearth a significant discovery based on the area being underlain by naujaite and lujavrite, the host to multi-element ores at Kvanefjeld.

Metallurgical testwork and metallurgical studies will also be undertaken in H2 2010 to progress the flowsheet prior to the commencement of a definitive study.

The company will move out of a voluntary suspension as a result of the capital raising immediately.

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