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Greenland Minerals in trading halt with Greenland election results pending

The company seeks to become a world-renowned provider of rare earth materials which are crucial to the green energy revolution, forming part of the motors, batteries and generators that power things like electric vehicles, wind turbines, and portable electronics.

Greenland Minerals Ltd - Greenland Minerals in trading halt with election results in Greenland pending
Over 1 billion tonnes of mineral resources have been delineated in Kvanefjeld Project area.

Greenland Minerals Ltd (ASX:GGG) (OTCMKTS:GDLNF) (FRA:G7P) is in a trading halt pending the results of the recent election in Greenland.

The halt will remain in place until the start of regular ASX trading on Monday, April 12, or when an announcement is made to market, whichever occurs first.

Kvanefjeld Project potential

The company has its sights set on the booming magnet metals market, as it seeks to become a world-renowned provider of rare earth materials.

Its 2020 annual report highlights the progress made at the flagship Kvanefjeld Project and the potential it has to be a key plank in the global supply of rare earth materials.

Kvanefjeld is centred on the globally unique Ilimaussaq Alkaline Complex in southern Greenland and more than 1 billion tonnes of mineral resources have been delineated to date in the project area.

Quick facts: Greenland Minerals Ltd

Price: 0.125 AUD

ASX:GGG
Market: ASX
Market Cap: $167.69 m
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