Ann: Trading Halt, page-19

I've been using AI a lot more lately. Here is an AI summary of this in case anyone else finds it useful

Based on my search, here's a summary of the Greenmet-Tanbreez deal for Greenland's minerals:

Partnership: US-based GreenMet has partnered with Critical Metals Corp to develop the Tanbreez rare earth project in southern Greenland. ChemAnalyst

Significance: The Tanbreez project is considered one of the largest rare earth deposits globally, holding over 27% heavy rare earth content. MINING.COM

Strategic Importance: This collaboration is crucial for strengthening Western supply chains and reducing reliance on China, which controls a significant portion of rare earth production and processing. MINING.COM

Economic Projections: A preliminary economic assessment (PEA) projects a net present value (NPV) of approximately $3.04 billion, with an internal rate of return (IRR) of 180%. MINING.COM

Production Goals: GreenMet aims for an initial production of around 85,000 tonnes of rare earth oxides per annum, scalable to 425,000 tonnes after expansion. MINING.COM

Timeline: GreenMet's accelerated development approach targets initial production within 24-30 months from project acquisition. https://discoveryalert.com.au/news/greenland-minerals-race-2025-geopolitical-mining/