There is an absence of depth at in current set of results, not for much longer though. 1.18M x Depth (hyperspectral drill cores) x (additional surface area).
It's clear to me the EU are all talk at the moment; I am anticipating 80% of the Strategic Project Applications (Raw Materials + Technology) to fail, or receive public opposition. You will then be left with needing to re-apply for the 2025 FY application processes.
We have favourable factors with Gronnedal and Ivigtut; isolated from any population, has existing infrastructure and on the cusp of clearing off requirements for Mining Licence (this field season; de-watering the pit, public consultation period for EIA/SIA); below the Greenland 100ppm uranium law requirements (and substantial averaging out buffer).
If only say 10 out of 50 raw material applications clear of then the SWFs won't have much choice but to back the Strategic Projects. but there is no indication of their timeframe. In reality though it will be 50 raw material applications, and 450 IT related projects. If the EU Global Gateway (EU's belt and road initiative) is anything to go by there could be a lot of negotiations before anything committed becomes reality.
Outside of this though EPM needs to ignore the noise and focus on genuine interested investors for it critical raw materials. Get the Strategic Project Application done, and do not wait for the outcome - otherwise it is, and has been an endless waiting lounge (the EU private investors seems too hesitate with the lack of subsidy and incentives).
Agreed a commitment from US investors, would likely attract the hesitant EU private investors.
EPM Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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