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Greenland Minerals chairman buys more shares on-market

The company is developing its globally significant Kvanefjeld Rare Earth Project in southern Greenland.

Greenland Minerals Ltd - Greenland Minerals chairman buys more shares on-market
Shares in the company last traded at 10 cents, which was the average purchase price

Greenland Minerals Ltd (ASX:GGG) non-executive chairman Anthony Ho has purchased $10,000 worth of shares through on-market trades.

The 100,000-share purchase increases his overall holding in the company to 3.87 million shares.

Permitting a key focus

Project permitting at Kvanefjeld remains a key point of focus for Greenland Minerals.

Good progress has been made in 2019 on finalising the Kvanefjeld mining license application for public consultation.

The social impact assessments (SIA) and maritime safety study (MSS) have been accepted for public consultation.

The latest feedback on the environmental impact assessment (EIA), received in mid‐October, has been presented in a considerably more structured approach with feedback focussed on isolating a small number of priority areas (Type 1 issues) where further information has been requested prior to public consultation.

Importantly, this presents a much clearer and more structured path forward.

Company to stay busy in December quarter

The December quarter will see a productive close to 2019.

Additional work programs that will address Type 1 EIA issues areas will soon be underway, and a number of calls and meetings with Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA) are being scheduled. 

Greenland Minerals also continues to engage with European industry to explore off‐take and other mutually beneficial agreements.

Quick facts: Greenland Minerals Ltd

Price: 0.11 AUD

ASX:GGG
Market: ASX
Market Cap: $131.01 m
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