Currently developing what is believed to be the future cornerstone of rare earths supply - the Kvanefjeld Rare Earth Project, Greenland Minerals Limited (ASX:GGG) released its quarterly activities report for March 2020 demonstrating continued progress on project permitting.
The Environmental Impact Assessment is near completion. During the quarter, GGG was involved in productive meetings with Minister Mr Vittus Qujaukitsoq to discuss project outlook, schedule and timelines. Besides, developments were made in licensing with approval of Kvanefjeld Project documentation post specialist reviews.
Moreover, the Company conducted Technical steering committee meeting with Shenghe Resources to discuss impurity removal strategy in consideration of rare earth separation.
Cash and cash equivalents at end of quarter amounted to $7.7 Million.
GGG traded at $0.115 (12:37 PM AEST).