ETM 4.76% 2.2¢ energy transition minerals ltd

From Sermitsiaq.ag just now. Looks like things are moving in the...

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    From Sermitsiaq.ag just now. Looks like things are moving in the right direction, at last.

    Arbitration: Committees want to dig into the basis for decisions on uranium bans. The Audit Committee wants an investigation to be opened into whether Inatsisartut had all the relevant information regarding the consequences of the uranium law and the risk of a gigantic claim for damages when the law was passed. The arbitration case between the mining company Energy Transition Minerals (ETM) and Greenland/Denmark is now taking a new turn politically.In connection with the audit of the National Treasury's accounts for 2022, the Audit Committee has requested an investigation of the actual decision to reintroduce the uranium ban in the autumn of 2021.The uranium ban plays a key role in ETM initiating arbitration proceedings and settling a gigantic claim for damages of DKK 76 billion. In connection with the examination of the accounts of the National Treasury, the Audit Committee consulted Naalakkersuisoq for Business, Trade, Mineral Resources, Justice and Gender Equality on the arbitration case - the consultation took place last week. Did Inatsisartut have all the relevant information? During the consultation, the Audit Committee wanted answers to whether Inatsisartut made legislation without knowing all the information regarding uranium legislation and possible consequences. Following the consultation, the Audit Committee wrote a report on 11 November in which the committee wants further clarification of the matter: READ ALSO:Kuannersuit: ETM has calculated claims for damages at DKK 76 billion- The Audit Committee wishes to uncover the uranium policy pursued from the first applications for exploration of critical minerals until 2022, when the arbitration case was brought. The hedging must deal with relevant decisions and materials for use in the decisions. Special focus is requested on whether Inatsisartut has been in possession of all relevant information regarding the consequences of the Uranium Act and the risk that the PA could be tried to incur liability before Inatsisartut considered and adopted the Uranium Act at the autumn session of 2021.The report by the Audit Committee calling for an investigation is to be discussed today in Inatsisartut. Naalakkersuisut states in a reply note that it will prepare a report as requested by the committee.
 
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