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Monday, May 03, 2021 10:01:01 AM
Thanks for the Post. This is critical information for NAK and the REE miners.
I'm still wondering what is happening in Greenland's big uranium and REE project, GDLNF/GGG. Very little news which is new or positive.
China slipped in and now owns 50% of the stock and I guess holds key positions on the Board of directors.
The people of Greenland did not want foreigners from China in Greenland, also didn't want development to impact their culture.
Other politics involving the extraction of REEs and then sending them to China to be processed. Denmark and Greenland wanted processing to take place in Greenland to produce local jobs.
Large uranium deposit poses some environmental issues for the local residents. The entire deposit is covered with uranium, so to mine the area, great care needs to be taken to protect the miners, the local population, and the environment.
Denmark, who controls Greenland, does not want China to be extracting uranium and then using it for nuclear weapons, because once the uranium leaves Greenland, who knows if China will only allow it to be used for nuclear power plants. China says it would only sell the uranium for use in nuclear power plants.
I have a bunch of stock, so I plan to use the LT Cap loss to offset NAK LT Cap gains.
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