not a lot of seller replenishment, Velocity Trader has gone...

not a lot of seller replenishment, Velocity Trader has gone quiet since April (after holding stock down and selling from 13/11/2023 to 31/03/2024).

Have a read of the Hancock prospecting version of the their MP purchase reasoning.
https://www.hancockprospecting.com.au/gina-rineharts-hancock-prospecting-takes-212m-stake-in-us-rare-earths-major-mp-materials/

Interesting to see the mentioning of "defence technologies"; which is ESG okay.


Europe has 14 such "Defence Technology Companies".

Europe Defense Company List

• • • Airbus SE

    • BAE Systems plc

    • General Dynamics Corporation

    • Indra Sistemas, S.A.

    • Leonardo S.p.A.

    • Northrop Grumman Corporation

    • Lockheed Martin Corporation

    • United Aircraft Corporation (PJSC UAC)

    • RTX Corporation

    • Rheinmetall AG

    • Rostec State Corporation

    • UkrOboronProm

    • Saab AB

    • THALES

Source: https://www.mordorintelligence.com/industry-reports/europe-defense-market/companies


You would think the above companies would pay attention to the REE mining potential of Greenland.

Checkout the link to the Defence Industry Seminar in Nuuk (Greenland) -- happens every couple of years.
https://www.danskindustri.dk/medlemsforeninger/foreningssites/fos/arrangementer/events/2024/maj/defence-industry-seminar/

The timetable and sessions are listed - with a fair bit of TBC, but it makes you think that Denmark has unmet requirements for raw materials.
(probably worth monitoring)

The EU office in Nuuk, was not opened without reason imo.


Strictly speaking Eclipse Metals - doesn't have a dance partner at the moment. So strange not to see any European entities on the Top 20 or significant holdings.