In today’s contemporary world, rare earth (RE) demand is set to surge extensively owing to advances in technology and the critical role of these bright silvery metals. RE are known for their unique luminescent, magnetic and electrochemical features.
They enable greater efficiency, improved performance, durability, thermal stability, miniaturization and speed. With a clean energy future, RE find indispensable usage in electric and hybrid cars, glass and screen industry, rechargeable batteries, wind turbines and smartphones, to name a few.
As researchers opine, the raw material diplomacy is here to stay and RE will be strategically vital in the future. In this regard, we scan through ASX-listed Greenland Minerals (ASX:GGG), that has been tapping this lucrative market opportunity through its 100% owned Kvanefjeld Rare Earth Project in South West Greenland.
To know more about the Company, PLEASE READ- Greenland Minerals Developing Materials For An Energy Efficient Future
GGG recently released its December 2019 Quarterly Report, positively ending 2019 post a highly productive and successful year in advancing the Kvanefjeld Project towards development.
Before diving into the key developments of the period that has propelled optimism amid GGG’s shareholders and the media alike, let us briefly browse through the world-class Kvanefjeld Project-