For what it's worth, the Head of Greenland's Mineral Resources Department is of the opinion, in a Sermitsiaq piece just now, extract below, that ETM is delaying the arbitration result until the political landscape changes.
Arbitration proceedings are aimed at dragging their feet | Sermitsiaq.AG Arbitration aims to procrastinate The Australian company in Kuannersuit has an interest in arbitration proceedings against the Government of Greenland and the Danish State protracted until there is another political majority in Greenland. This is what the Head of the Department says for Mineral Resources, Jørgen T. Hammeken-Holm. Greenland Minerals, which recently changed its name to Transition Energy Minerals, is still seeking the arbitral tribunal's word that their project in Kuannersuit is not covered by the uranium law adopted in December 2021.This is what the newspaper Sermitsiaq writes. The company is therefore continuing unabated towards an extraction permit. Most recently, they have been on fieldwork in the project area in September, where they, among other things, collected additional material to supplement the existing data. These are bottom samples from the fjord and Narsap Ilua and tissue samples collected from fauna and cattle in the valley. In addition, they have set up a dust meter with associated weather station on the farm in the Narsaq valley. The company is also planning a radon monitoring program, and they have held meetings in Nuuk with stakeholders and companies in September and October.
This might answer a question or two.
ETM Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
