ETM 4.35% 2.2¢ energy transition minerals ltd

Company name change has not gone unnoticed in the Greenland...

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    Company name change has not gone unnoticed in the Greenland media.
    Sermitsiaq.AG article 10th November 2022.
    Annoying that the report seems not entirely accurate, or does not tell the full story, as so often happens with printed media, although raw translation of the article may be part of the problem.
    Greenland Minerals is changing its name: The Australian mining company formerly known as Greenland Minerals is now called Energy Transition Minerals.
    On Thursday, Greenland Minerals officially changed its name to Energy Transition Mineral.
    This appears from an announcement on the Australian mining company's website. A decision made by the company's shareholders.
    The company, which was established in 2007, was originally called Greenland Mining and Energy. So it is not the first time that Energy Transition Mineral has changed its name, but it is the first time that Greenland is not included in the name.
    Arbitration proceedings
    In 2021, the company changed its strategy in Greenland after many years of trying to get permission to mine rare earths in Kuannersuit at Narsaq.
    READ ALSO: Refusal for Greenland Minerals is ready
    It happened in the wake of the ban on the extraction and exploration of uranium. The company has since threatened Greenland and the Danish state with an arbitration case - and despite the ban, the company is far from ready to withdraw from their project on Kuannersuit.
    The company demands with the arbitration case to be allowed to continue the work.
    If they receive a blanket rejection, then Energy Transition Mineral demands that the company get back at least the 130 million Australian dollars that they have invested. In addition, the company will have back the amount that the company misses out on in estimated earnings if they are not allowed to continue with the project.
    It is expected that the arbitration proceedings could easily last for several years. A case that the head of department in the Department for Raw Materials and the Justice Area, Jørgen Hammeken Holm, expects is rejected.
 
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