ETM - Energy Transition Minerals

[PrKalkyl]

Look at this could be the reason, Thorium is the future for NuclearPower, AREVA has pumped in a lot of money in Thorium Power, Ticker THPW.OB
Greenland hasn ´t even put a value on this!
Kvanefjeld is a GIANT in all ways

(sermitsiaq.gl/indland/article93851.ece)

 

[PrKalkyl]

Look at this article under title 3,
Hope they change there minds, Kvanefjeld is huge, perhaps we have a new miniggiant soon.



(http://sermitsiaq.gl/rss/en_newsletter.jsp)

GLTA

 

[pops11]

Good spotting and agree GGG could be huge by the look of this article.

.......................................

A bedrock in southern Greenland contains has one of the vast deposits of radioactive material.
By Erik Holmsgaard

Kvanefjeldet by Narsaq in southern Greenland is an energy bomb. Not only does the bedrock contain vast amounts of uranium, it has been discovered that it holds one of the world's largest deposits of the radioactive material thorium

Geology professor Henning Sørensen said the material contained a huge amount of energy.

‘In the thorium deposits alone, there is more energy than in the remaining oil reserves in the world,’ Sørensen said.

He described the amount of energy deposits in area surrounding Kvanefjeldet as ‘astronomical’.

Converting thorium into energy still hasn’t been done, but according to Sørensen, only ‘technical issues’ were preventing that from happening.

Kvanefjeldet’s wealth has long been a contentious political issue. So far, the dispute has centred on whether utilizing the uranium should be permitted.

At the forthcoming autumn session of parliament, opposition party Siumut will try to create a majority for a proposal to create border values, allowing the uranium to be mined and used as a by-product.

Already, an agreement has been made in principle to accept uranium as a by-product of mining, when the ore contains more than 0.1 percent uranium oxide.

Party leader Aleqa Hammond said Siumut now wanted a concrete agreement to set the border values, otherwise the development of natural resources could not in progress.

‘Until we have determined the border values, resource development will not reach the level we want.’

Hammond said natural resources were crucial to Greenland's economic independence.

‘Independence can be achieved by using the raw material extraction. With the self-rule, it is now up to us to achieve complete autonomy,’ she said

 

[antzlovinit]

Whats with the huge upswing! surely theres something going on! not everyone reads (http://sermitsiaq.gl/rss/en_newsletter.jsp) that article. Maybe the climate change meeting might have some positive results for us or something. Anyone know anything.

 

[pops11]

Well i posted the news yesterday so hope you got on i did good luck to holders this is going to be an interesting stock for here on in.

 

[quarky]

Greenlands Minerals and Energy: UraniumLetter places $1.20 share price target

Uraniumletter International Update and Comment:

Greenland Minerals and Energy Ltd.
Share Price: A$ 0.50
ASX : GGG
H+L prices (12 months) : A$ 0.55 – 0.15
Net issued shares : 218.5 million
Fully diluted : 387.1 million
Market capitalization : A$ 109.2 million
Fully diluted : A$ 193.5 million
(at an exercise price of A$ 0.20)
Next price target: A$ 1.20

"Greenland Minerals & Energy (ASX: GGG) has secured to acquire 61%, with options to acquire up to 100% of the Kvanefjeld Project on the southwest tip of Greenland and is recognised as the second largest undeveloped multi-element occurrences of rare earth oxides (beryllium and lithium), sodium fluoride and uranium in the world.

Particularly since having further increased and upgraded in size, the Kvanefjeld Project, with an estimated JORC compliant resource of 120,000 tonnes U3O8 grading 283 ppm, containing 223 million pounds of U3O8 (192 million pounds at 350 ppm), can be compared with Rio Tinto’s producing Rossing Uranium Mine in Namibia containing a current 174,000 tonnes Mine resource grading 300 ppm for 470 million pounds of U3O8.

Actually, apart from the Kvanefjeld Project being the world’s second largest REO project, Greenland Minerals owns one of the world’s top-5 uranium deposits. The present U3O8 resource represents a value of less than US$ 1.00 per pound (fully diluted), compared with average resource valuations in the uranium sector between US$ 3 to US$ 5 per pound U3O8.

While Greenland Minerals under an improving geopolitical climate has the potential to emerge to a multibillion dollar uranium company alone, the financial world has not recognised the Company having emerged in just two years to one of the world’s leading rare earth companies yet.

Early indications are that uranium represents approximately a quarter of the total in the ground value of the Kvanefjeld Project, to be estimated at more than US$ 40 billion.

The Company’s focus in 2009 shifts from resource development to metallurgical test work and other aspects of a pre-feasibility study scheduled to be completed in the fourth quarter of 2009, for which a budget of A$5 million has been allocated.

In addition, a budget of A$ 3-4 million is slated for ongoing exploration.

With the recent positive political developments in Greenland, having activated self-rule in June and getting 100% control of its mineral rights, the future is looking very positive for Greenland Minerals.

A national debate is planned to decide the future of uranium production. A positive decision could multiply the Company’s market valuation right away.

Based on the huge economic value of the Kvanefjeld Project, we view Greenland Minerals as one of the most attractive investment opportunities in the global rare earth and uranium industry.

Our next price objective is: A$ 1.20."

 

[pops11]

GGG Rod McIllree

Rod McIllree has joined HotCopper to give correct info for releases so to stop speculation which will br fantastic for us holders and the Company alike.

 

[pops11]

GGG

New York times business page of today September 1, top article China's grip on REE's make for some great reading and good for GGG

 

[quarky]

Re: GGG

New York times business page of today September 1, top article China's grip on REE's make for some great reading and good for GGG

good find, pops11.

it _is_ a good read


but i'm just worried about a pullback in the share-price, due to Greenland government's zero-tolerance with uranium mining but a lot more about GGG depends on the pre-feasibility study due out later this year.

(currently holding GGG)​

 

[kgee]

I'm not a chartist but does this look like a head and shoulders formation? if so would 28c be the buy back in?
sorry not sure how to post chart

 

[kgee]

Sifting thru the news…the god the bad the curious


In review of the Narsaq town meeting on 3/9/09

Source:
http://www.knr.gl/index.php?id=297&...48098&tx_ttnews[backPid]=844&cHash=5dea9b85ac

(Naalakkersuisut = new coalition government)

Naalakkersuisut considers it important that people be consulted on such an important a topic as exploration and exploitation of uranium-containing minerals. It struck Naalakkersuisoq (cabinet member, Ed.) For the Mining Area, Karl Ove Berthelsen solid during his speech during the public meeting yesterday Wednesday in Narsaq hall.

Although today is not permitted to exploit minerals that have higher uranium content than normal background radiation, he sees an opportunity for policy change in the future. In this case the local population to ensure participation, when we talk about potential mining projects involving uranium, he said.

During the public meeting on uranium in Narsaq yesterday there were many listeners, who spoke for and against the opening of uranium mines in Greenland. One of the speakers was Naalakkersuisoq of Mining Area Karl Ove Berthelsen.

- I want to hear all views and I think we should give us ample time to immerse ourselves in the subject. The final decision on efterfoskning and exploitation of uranium-containing minerals may be taken on an informed basis and must ultimately be based on objectivity and societal concerns. The current uranium policy in Greenland doing it today is not permitted to exploit minerals that have higher uranium content than normal background radiation. It also means that some mining projects could not be completed because of the high content of uranium. Otherwise there will be other mining projects that could be implemented within zero tolerance, says Karl Ove Berthelsen.

Naalakkersuisut established after the elections on 24 June common policy.

- We are three parties in the coalition (Inuit Ataqatigiit, Demokraatit and Kattusseqatigiit Partiiat, ed.), And we must obviously find a policy which we can all join us. So far we have jointly announced that the policy on uranium is unchanged, meaning that zero-tolerance policy remains in force, "he continued.

It is therefore Naalakkersuisut position that the public debate which was promised in connection with Inatsisartut processing of uranium-statement must be undertaken with the country's entire population. And public meeting in Narsaq was just a start.

- Local people must be guaranteed participation, when we talk about potential mining projects involving uranium, he said.

Running for and against the debate on the possible reopening of the mine in Kvanefjeld. Has yet taken a position. It is a requirement of the Mining law - and future - that all mining activity will be safety, sanitary and environmentally sound manner and in accordance with best international practice. This means that at least 2-3 years before my start to be compiled extensive environmental studies. Any mining uranium as main or product will require additional precautions.

- It's Naalakkersuisut position that we should use the coming year to implement an effective participation of its citizens in decision making in this important community area. It means that I will hold meetings with citizens in many parts of the country in 2009 and 2010, and I want to clarify that there are decisions taken in the near future - it should not be worried, he concludes, and look forward to a good debate throughout the country in the coming months.

Good News:
Karl Ove Berthelsen the Minister for Industry and Mineral Resources of the Inuit Ataqatigiit party ( who historically have been against uranium mining) seems objective about the idea of mining uranium as a bi-product… “…we are willing to consider the development of uranium as a by-product, subject to certain conditions," said Berthelsen.


Bad News:
He seems to have a 2-3 year time frame on any decision….” Berthelsen said that with so much mineral wealth potential in Greenland in the form of molybdenum, zinc, iron, gold and diamonds, to name but a few, there was no need to rush to pass any uranium-mining policy changes. "Let’s concentrate on opening these mines first, allowing us the necessary time required to evaluate the development if uranium,"””

The Curious:
“and I want to clarify that there are decisions taken in the near future - it should not be worried, he concludes”
Have had a little difficulty translating Danish to English but I’m curious as to what these decisions in the near future are
Possibly 1. Berthelsen quote “ - As the law now is, can not be extended as much as a single gram of uranium. But The Cabinet will shortly come up with a blueprint for amending the law. And when that happens, people will be consulted if and when a change is made.”
Or 2. “At the forthcoming autumn session of parliament, opposition party Siumut will try to create a majority for a proposal to create border values, allowing the uranium to be mined and used as a by-product. “

Other Curiosities
In 2008” A majority in parliament agreed to support the extraction of uranium as a by-product from mines where other minerals are the primary target. Siumut, Atassut and the Democrats all support easing the country's 20-year-old 'zero tolerance' policy regarding uranium mining. Inuit Ataqatigiit and Kattusseqatigiit are both opposed to the proposal. (Sermitsiaq avis Nov. 27, 2008)”

Now the democrats are in coalition with Ataqatigiit even though last year they voted in favour for uranium mining as a by product.

The break down of current govt.

Inuit Ataqatigiit 14 seats
Siumut 9
Demokraatic 4
Atassut 3
Kattuseeqatigiit 1

Now if the parties all followed the same lines as last year we get

Inuit Ataqatigiit 14 seat
Kattuseeqatigiit 1

For 15 votes against uranium…and

Siumut 9
Demokraatic 4
Atassut 3

16 votes for uranium

Note: That’s a pretty big IF !!!

Other Sources


http://avativutnunavut.blogspot.com/
http://www.sikunews.com/art.html?catid=6&artid=6571

http://www.knr.gl/index.php?id=183&tx_ttnews[tt_news]=48098&tx_ttnews[backPid]=143&cHash=47cd23e01b

http://www.knr.gl/index.php?id=183&tx_ttnews[tt_news]=48108&tx_ttnews[backPid]=143&cHash=d28bba882b

http://sermitsiaq.gl/erhverv/article95662.ece

 

[antzlovinit]

Sifting thru the news…the god the bad the curious


In review of the Narsaq town meeting on 3/9/09

Source:
http://www.knr.gl/index.php?id=297&...48098&tx_ttnews[backPid]=844&cHash=5dea9b85ac

(Naalakkersuisut = new coalition government)

Naalakkersuisut considers it important that people be consulted on such an important a topic as exploration and exploitation of uranium-containing minerals. It struck Naalakkersuisoq (cabinet member, Ed.) For the Mining Area, Karl Ove Berthelsen solid during his speech during the public meeting yesterday Wednesday in Narsaq hall.

Although today is not permitted to exploit minerals that have higher uranium content than normal background radiation, he sees an opportunity for policy change in the future. In this case the local population to ensure participation, when we talk about potential mining projects involving uranium, he said.

During the public meeting on uranium in Narsaq yesterday there were many listeners, who spoke for and against the opening of uranium mines in Greenland. One of the speakers was Naalakkersuisoq of Mining Area Karl Ove Berthelsen.

- I want to hear all views and I think we should give us ample time to immerse ourselves in the subject. The final decision on efterfoskning and exploitation of uranium-containing minerals may be taken on an informed basis and must ultimately be based on objectivity and societal concerns. The current uranium policy in Greenland doing it today is not permitted to exploit minerals that have higher uranium content than normal background radiation. It also means that some mining projects could not be completed because of the high content of uranium. Otherwise there will be other mining projects that could be implemented within zero tolerance, says Karl Ove Berthelsen.

Naalakkersuisut established after the elections on 24 June common policy.

- We are three parties in the coalition (Inuit Ataqatigiit, Demokraatit and Kattusseqatigiit Partiiat, ed.), And we must obviously find a policy which we can all join us. So far we have jointly announced that the policy on uranium is unchanged, meaning that zero-tolerance policy remains in force, "he continued.

It is therefore Naalakkersuisut position that the public debate which was promised in connection with Inatsisartut processing of uranium-statement must be undertaken with the country's entire population. And public meeting in Narsaq was just a start.

- Local people must be guaranteed participation, when we talk about potential mining projects involving uranium, he said.

Running for and against the debate on the possible reopening of the mine in Kvanefjeld. Has yet taken a position. It is a requirement of the Mining law - and future - that all mining activity will be safety, sanitary and environmentally sound manner and in accordance with best international practice. This means that at least 2-3 years before my start to be compiled extensive environmental studies. Any mining uranium as main or product will require additional precautions.

- It's Naalakkersuisut position that we should use the coming year to implement an effective participation of its citizens in decision making in this important community area. It means that I will hold meetings with citizens in many parts of the country in 2009 and 2010, and I want to clarify that there are decisions taken in the near future - it should not be worried, he concludes, and look forward to a good debate throughout the country in the coming months.

Good News:
Karl Ove Berthelsen the Minister for Industry and Mineral Resources of the Inuit Ataqatigiit party ( who historically have been against uranium mining) seems objective about the idea of mining uranium as a bi-product… “…we are willing to consider the development of uranium as a by-product, subject to certain conditions," said Berthelsen.


Bad News:
He seems to have a 2-3 year time frame on any decision….” Berthelsen said that with so much mineral wealth potential in Greenland in the form of molybdenum, zinc, iron, gold and diamonds, to name but a few, there was no need to rush to pass any uranium-mining policy changes. "Let’s concentrate on opening these mines first, allowing us the necessary time required to evaluate the development if uranium,"””

The Curious:
“and I want to clarify that there are decisions taken in the near future - it should not be worried, he concludes”
Have had a little difficulty translating Danish to English but I’m curious as to what these decisions in the near future are
Possibly 1. Berthelsen quote “ - As the law now is, can not be extended as much as a single gram of uranium. But The Cabinet will shortly come up with a blueprint for amending the law. And when that happens, people will be consulted if and when a change is made.”
Or 2. “At the forthcoming autumn session of parliament, opposition party Siumut will try to create a majority for a proposal to create border values, allowing the uranium to be mined and used as a by-product. “

Other Curiosities
In 2008” A majority in parliament agreed to support the extraction of uranium as a by-product from mines where other minerals are the primary target. Siumut, Atassut and the Democrats all support easing the country's 20-year-old 'zero tolerance' policy regarding uranium mining. Inuit Ataqatigiit and Kattusseqatigiit are both opposed to the proposal. (Sermitsiaq avis Nov. 27, 2008)”

Now the democrats are in coalition with Ataqatigiit even though last year they voted in favour for uranium mining as a by product.

The break down of current govt.

Inuit Ataqatigiit 14 seats
Siumut 9
Demokraatic 4
Atassut 3
Kattuseeqatigiit 1

Now if the parties all followed the same lines as last year we get

Inuit Ataqatigiit 14 seat
Kattuseeqatigiit 1

For 15 votes against uranium…and

Siumut 9
Demokraatic 4
Atassut 3

16 votes for uranium

Note: That’s a pretty big IF !!!

Other Sources


http://sermitsiaq.gl/erhverv/article95662.ece

Im watching this stock and i could see it dropping to its lows again in time as
im guessing production to commence in 2015-2020!

 

[kgee]

Could be an interesting month.

The last few announcements from GGG have carried the footnote

"Any potential change toward the current stance of zero tolerance (uranium) is not expected untill after public consultation and review process is concluded in the coming months"

From memory parliament runs untill the 25th of Nov. So there should be decisions on

1. Siumut's proposal to create border values, allowing the uranium to be mined and used as a by-product. “
2.Minister of mines Berthelsen's "blueprint for amending the law.” (see above post)

Also note one member of parliament switched parties from Inuit Ataqatigiit to siumut So now if we goto vote along old party lines it goes 17 to 14 in favour.
Again Big If !!!!

Please note I'm doing a lot of speculating, its difficult in both getting new's out of Greenland and then translating it to english.
Goodluck to all holders

 

[jancha]

Could be an interesting month.

The last few announcements from GGG have carried the footnote

"Any potential change toward the current stance of zero tolerance (uranium) is not expected untill after public consultation and review process is concluded in the coming months"

From memory parliament runs untill the 25th of Nov. So there should be decisions on

1. Siumut's proposal to create border values, allowing the uranium to be mined and used as a by-product. “
2.Minister of mines Berthelsen's "blueprint for amending the law.” (see above post)

Also note one member of parliament switched parties from Inuit Ataqatigiit to siumut So now if we goto vote along old party lines it goes 17 to 14 in favour.
Again Big If !!!!

Please note I'm doing a lot of speculating, its difficult in both getting new's out of Greenland and then translating it to english.
Goodluck to all holders

Don't need translate anything with GGG atm.
Just look at the buyers lining up with practically no sellers.
Looks like they must have got it thru parliament.

 

[kgee]

No... it seems Parliament are in no hurry to change the present ban on uranium...I'm guessing a decison b4 the end of the year, At the AGM it was suggested they might allow GGG a trial period, which I didn't like the sound of... Capex will be huge and I couldn't imagine any JV would be happy with a trial? (Although when you think of it all mines are on trial...)

The PFS is out later this month so I'm thinking this is more likley the reason for the increase.

Of note there was a reverse head and shoulders formation that didn't break the neck at 64 c... its done that now and with Westrip ( major shareholder) reducing there holdings...I see that as a positive sign and still think it should run some more

2nd note GGG's maket cap is approx the same of BNM and GGG have a bigger resource and better grades of uranium + 4.9 mt of REO
Problem being the uranium ban...but once this is lifted ( and I think they will) you can see GGG has some potential,
just how long it takes to get there????

PS. I've also got a feeling it will be pump and dump on the PFS so have my finger on the trigger

 

[kgee]

If anyones got some spare time check out
http://www.ggg.gl/
They have a couple of new video presentations that I thought were quite good (located just beneath share price display)
maybe skip the intro (was a little naff), but the project overview was ok
PFS out by end of month???

 

[condog]

This stock has massive potential, but its hard to see the govt changing there stance on 0 tolerance....they have been a huge public critic of uranium for many years.....

I guess at least there putting it to discussion...which is a huge positive sign....

A possible compromise where the uranium is stockpiled for future use is on the cards, and id imagine its the least valuable commodity they have.... thats probalby unheard of, perhaps someone can enlighten us on that prospect...

If it does manage to come out poositive the upside is astronomical for the quantity of rare earths....

Good luck...all holders....Im sitting on the sidelines watching with a lot of interest for a while...may join you someday...

 

[exgeo]

From Minesite.com

March 02, 2010

Greenland Minerals Confirms That It Is On Course For A Full London Listing And A £40 Million Raise Early Next Year
By Alastair Ford



It’s now official. Greenland Minerals & Energy will list on the full board of the London stock exchange in the early part of next year. The brokers will be Evolution, and one other, yet to be appointed, though Greenland managing director Rod McIllree says he’s currently in advanced talks on that front. The decision to move straight onto the full list is a bold one, given that there have been precious few new mining listings on the LSE proper for a year now. But the Aim market is beginning to loosen up, and already there have been a few new arrivals this year. As the global economy gradually recovers its poise, and demand stabilizes, there’ll no doubt be a few more.
But if Greenland’s decision to go straight onto the main market is a sign that economic conditions continue to improve for the miners, it’s also a reflection of the company’s own ambitions. The company’s key asset is the Kvanefjeld rare earth and uranium project in Greenland. As at the latest resource update, compiled last year, Kvanefjeld contains, on a mid-case scenario that uses a 0.02% U3O8 cut-off, 339 million tonnes of ore grading 0.032% U3O8, 1.14% total rare earth oxide (TREO), and 0.23% zinc. That’s not small potatoes, and the money that’s required to get it into production isn’t small potatoes either – US$2.3 billion at the last count. This is definitely big board stuff, so the company’s decision to sidestep Aim completely at this stage makes perfect sense – a listing there would just add to the bureaucratic side of things, without providing a secure enough platform for growth.

The company recently completed a pre-feasibility study, which has allowed it to hang some hard numbers on what was previously little more than a theoretical undertaking. Perhaps the most eye catching figure was the projected cashflow. At US$500 million per year, you can see why Rod McIllree is reasonably confident that Greenland Minerals will, in due course, be able to attract a major into the project to provide a significant portion of the funding. Payback could come within a matter of five years or so, which isn’t too bad on a multi-billion dollar project. The next step now will be to complete a full feasibility study, and that will include the construction of a pilot plant. For a project this size that’s essential, as what happens under laboratory conditions isn’t always the same as what will happen out there under the relatively extreme meteorological conditions of Greenland.

In the meantime, for anyone wondering about the viability of a uranium and rare earths project in a jurisdiction that hasn’t yet quite made up its mind about uranium mining, and in a global market for rare earths which is opaque to say the least, there’s some comfort to be had in the company’s latest board appointment. Michael Hutchinson has served as chairman and director of the London Metal Exchange, and was also a director of Wogen, a speciality trader in what’s termed “off-exchange” metals, of which the rare earth elements are prime examples.

And, on an administrative level, Michael Hutchinson’s appointment is just the first in a series of planned steps that will gradually see the company migrating from the current home base of Australia into Europe. There’ll be a new office in Copenhagen, and the management team is moving over to London later this year. That, says Rod, is pure pragmatism. There was only so long a multi-billion dollar project in Greenland could be managed out of Perth. It was alright at the conceptual stage, but as the reality of an actual mine draws ever closer, a more hands-on approach at the local level is required.

Rod’s also hopeful that the Greenland government itself will help the company in its quest to reduce the perceived risk of operating over there. It’s not always been easy for companies to make a go of things out in Greenland, and not only from a meteorological perspective. In any case, Greenland Minerals isn’t not at the sharp end of Greenland’s weather extremes by any means, nestled as it is almost as close to the south of the country as it’s possible to go. It’s not weather that’s the cause of the perceived “Greenland risk”, but uncertainty about the government’s stance on mining. Lately, though, things have been running in favour of the resources sector. The government has recently passed a new Mineral Resources Act, and this, reckons Rod, should make things much easier, although full oil and mineral rights have yet to pass completely out of the control of the Danish government.

All told, it may yet be five years before first production comes rolling out of Kvanefjeld, and that’s on a reasonably optimistic scenario. But it’ll be an interesting one to follow from a London perspective, not least because there’ll no doubt be a concerted drive to push the value of the company on the Aussie stock exchange ahead of its listing in London. Under that scenario, canny UK investors will have plenty of time to phone their brokers Down Under to buy in ahead of the pack

 

[Sean K]

Not sure what's going on here.

Anyone still owning / following?

Greenland Minerals falls as zero-tolerance threatens Kvanefjeld
Robin Bromby From: The Australian September 07, 2010

Greenland Minerals and Energy emerged from a trading halt this morning, and at the time of writing, its shares had shed nearly 9.5 per cent of value.

It seems there are still doubts about its Kvanefjeld project because of its uranium content. GGG reported today that a letter from Greenland’s Mineral Resources Minister confirmed that the government there had retained its zero-tolerance policy toward the mining of uranium.

This is a problem because it raises doubts whether GGG could go ahead and mine the rare earths elements that have become so vital to the future of the project. However, the government will allow exploration work to continue - and the letter did leave wiggle-room for some slight policy relaxation.

 

[enigmatic]

In the mean time all personnel are now preparing to return to Perth and the exploration program has been completed. A further update on the program will be made in due course
following receipt of assays.

Kennas i think this announcement said it all on the 23/08/10
there pulling out for now until something changes..
no good for the share price