Greenland Minerals Ltd. said Oct. 11 that the Greenland government reaffirmed its support for rare earths and uranium production at the company's Kvanefjeld project.
With substantial research and assessment completed, the government acknowledged the imminent advancement of the project from the licensing process to public consultations, the company said.
The development comes after the Democrat party, which won six parliamentary seats in April's elections, entered into an agreement with the coalition government led by the Siumut party to support mining and other key areas.
Previously an outsider, the Democrat party promised to seek more mining investments during the campaign.
Updated environmental and social impact assessments on the project are currently under review, while a feasibility study and a resource estimate have also been submitted as part of the mining license application process.