Greenland Minerals Ltd (‘GML’ or ‘the Company’) would like to provide an update on the status of
the reviews of the Environmental Impact Assessment (EIA) for the Kvanefjeld rare earth project. The
Company has received notification from Greenland’s Environmental Agency for Mineral Resources
Activities (EAMRA) to advise the review process is near completion. EAMRA has advised that there will
be minor delay to their scheduled completion date of August 26th but has clarified that this is not a
result of any unexpected issues with the EIA.
The review processis being undertaken by EAMRA’s main advisors, the Danish Centre for Environment
(DCE), who have advised EAMRA that they aim to complete the reviews as soon possible, in
accordance with their quality assurance framework. EAMRA has emphasized that there has been very
positive collaboration during the review-revision process and reiterated that GML has supplied all
necessary material for the finalization of the review. The Company has been advised that the reviewrevision process is expected to be concluded in mid-September.
Greenlandic and Danish translations of the EIA report are progressing well. The Company looks
forward to updating on the timing of a public consultation period following completion of the EIA
review process and translations.
About the Kvanefjeld Project
The Kvanefjeld Rare Earth Project is one of the most significant and advanced emerging rare earth
projects globally. The Project is unique with respect to its favourable metallurgy and forecast
production profile across all commercially important rare earths. Kvanefjeld is located near existing
infrastructure in southern Greenland with year-round direct shipping access to the project area.
Rare earth elements are critical to the electric vehicle revolution, as well as many other energy
efficient applications. The Kvanefjeld Project is forecast to be a globally significant producer of all
commercially important rare earth elements including neodymium, praseodymium, terbium and
dysprosium, over an initial 37-year mine life. These rare earths are used to make high powered
permanent magnets that are utilised in electric vehicles, along with many other applications.
Kvanefjeld is well-placed to meet the major surge in rare earth demand that will be generated by the
transition to electric vehicles, along with growth in renewable energy.
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