Greenland to block ETM Kvanefjeld rare earth project
Market Trends · Mining.com ·
Greenland has decided not to renew Energy Transition Minerals' exploration license for the Kvanefjeld rare earth project, citing the country's 2021 Uranium Act that bans uranium prospecting. The decision raises concerns about regulatory stability for foreign investors in Greenland's critical minerals sector and impacts one of the world's largest undeveloped rare earth deposits.