ETM 2.86% 3.4¢ energy transition minerals ltd

Interesting article

  1. nro
    9,737 Posts.
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    I found tthis article today.
    It mentions that two REE deposits are situated side by side on the same geological formation and only 16km apart.
    One is Kvanefjeld. The other is the mine next door. Both discovered uranium. But one has been given its license?
    Does anyone know why?
    Also ggb you stated many times there were many working mines in Greenland.
    Apparently the article states after six years of operation, not a single significant mineral company is currently in operation in Greenland
    So in other words what you said isnt true and no mine is upset because they arent operating anyway.
    Also the greenies are fine with it but all groups here clearly state they arent?
    You cant keep up with these facts can you?
    ETM mentioned through out. Article questions what is going on!
    Raw materials for transformation: Greenland relies on rare earths - taz.de


    Surprisingly little criticismIn contrast to another mining project, the Kuannersuit deposit, which is also operated by an Australian company, there were no major concerns about the Tanbreez plans either from Greenlandic politicians or among the population. Both mineral deposits are located in one and the same geological formation, only 16 kilometres apartand separated only by a fjord. But in Kuannersuit, not only the mining of rare earths, but also uranium was planned. The Killavaat-Alannguat deposit is considered "uranium-free".But it doesn't seem to be so clear-cut. For one thing, eudialyte itself is slightly radioactive. On the other hand, Tanbreez had announced in 2015 that uranium had also been found in the licensed study area, and had already signaled interest in mining it at the time.Uranium as a sticking point

    For environmental organizations such as the Greenlandic anti-nuclear NGO Urani Naamik and Denmark's Noah – Friends of the Earth, this is reason enough for doubt. Is there really no intention of extracting uranium at some point? And wouldn't the planned open-cast eudialyte mine be associated with possible health hazards due to the release of radioactively contaminated particles? The overall factual basis is inadequate: the hearings on which the approval granted in 2020 is based had already taken place in 2013. New developments and findings are therefore not taken into account.

    There is also a lack of a real impact analysis, even though the planned mining area is close to the Unesco World Heritage Site of Kujataa. And although the Arctic nature is particularly vulnerable, any environmental destruction is permanent and once a development has been initiated, it can no longer be reversed.In Kujalleq, on the other hand, with its 6,300 inhabitants, people are hoping for the promised 80 jobs, which the mayor announced on the municipality's website as "imminent" back in 2020. The real sticking point of the whole Tanbreez project is probably the further processing of the eudialyte, which apparently only wants to be mined, crushed and shipped on site. The rare earths have to be extracted from the eudialyte and separated in a complex process. So far, only plants in Russia and China have been able to do this.

    According to Barnes, a factory is now also planned in the USA.

    The problem with almost all high-flying Greenland mining projects so far has been that the extraction of mineral resources is much more expensive than for deposits in other regions due to the geographical, climatic and logistical conditions on the Arctic island. After the Aappaluttoq ruby mine had to close at the beginning of the year after six years of operation, not a single significant mineral company is currently in operation in Greenland, the newspaper Sermitsiaq took stock last week.Mining operations are therefore only worthwhile when the economy is favourable – or because costs are considered secondary for political reasons or security of supply. This is currently the case with rare earths, which are essential for the transport and energy transitions.At the same time, there is also the political level, and there is growing impatience among many politicians to finally take a decisive step closer to Greenland's desired independence. Therefore, it does not seem out of the question that even the legal ban on the search for and exploitation of uranium deposits, which was passed two years ago, could be softened again.In fact, the Social Democratic ruling party Siumut decided at its party congress at the weekend to change its party program: the extraction of raw materials should also be possible if uranium is extracted as a by-product. Restriction: There should be no health risks for the local population. This contradicts the programme of the governing coalition of the socialist Inuit Ataqatigiit and Siumut.Greenland and Denmark are also threatened with high claims for damages if the mining company Energy Transition Minerals were to succeed in arbitration proceedings in Copenhagen. The uranium ban passed in November 2021 had made it impossible for it to continue the Kuannersuit project. Two weeks ago, the company filed a lawsuit against the governments in Nuuk and Copenhagen. The damage suffered is estimated at "preliminary" 11.5 billion US dollars. What the company presumably wants to achieve with this procedure is to get a mining permit after all.

    get a mining permit after all.
 
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