Nothing differentThe government working on Uranium ban with a...

Nothing different

The government working on Uranium ban with a made up 100ppm limit not based on science but just with the intention of stopping the project

GLM continuing with application as they should showing good faith in the process.

The special terms are related to Uranium not REE as per my understanding.


Exploitation licence
The holder of an exploration licence who has discovered and delimited deposits that he or she intends to exploit, and who has otherwise met the terms of the licence, is entitled to be granted an exploitation licence. If an activity is assumed to have significant impact on social conditions and the environment it is a condition for obtaining an exploitation licence that an environmental impact assessment and a social sustainability assessment has been through a public consultation process and approved by the MLSA.

The licence is granted for those parts of the area that contain deposits that the licensee intends to exploit. The licence is granted for a period of 30 years, unless a shorter period has been laid down as a condition for granting the licence. The government may extend the period for exploitation. The total period is subject to a maximum of 50 years.

An exploitation licence may only be granted to public limited liability companies domiciled in Greenland. The company may only perform activities covered by licences granted under the Mineral Resources Act and must not be taxed jointly with other companies, unless joint taxation is compulsory. It is required that these companies may not be more thinly capitalised than the group of which the company forms part, but the company’s loan capital must always exceed the shareholders’ equity up to a ratio of 2:1. The licensee shall, further, have the necessary expert knowledge and adequate financial background with respect to the exploitation activities in question.