Greenland Minerals Reports June 2020 Quarterly Report, Stock up ~15%

  • Jul 30, 2020 AEST
  • Team Kalkine

Releasing remarkable June Quarter report, Greenland Minerals Limited (ASX:GGG) regards itself to be well?positioned to enter supply and target key international markets, particularly Europe, owing to strengthening medium? to long?term outlook for critical rare earth demand and pricing

Currently developing the Kvanefjeld rare earth project, in Q220, the Company advanced the EIA review process that is scheduled to be completed by 26 August, as per EAMRA. Another key development of the quarter was the appointment of Mr Jørn Skov Nielsen as Executive General Manager, who Is likely to drive both in?country activities, and outreach into Europe.

Through Q2, GGG was active in updating the investment community via online meeting forums- MD John Mair participated in the 121 Group’s UK/European investor forum in May. GGG has also been invited to the Rare Earth Industry Association (REIA) in September.

The Company also intimated about recovery of by?products during production of a rare earth intermediate product that have economic and environmental benefits. 

GGG is trading at $0.195, up 14.7% (12:37 PM AEST).

 


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