Greenland to allow uranium, rare earths mining

|About: Greenland Minerals and Ener... (GDLNF)|By:, SA News Editor

Greenland's parliament has removed a 25-year-old ban on uranium mining, paving the way for an industrial boom the Arctic island hopes will help it gain independence from Denmark.

Greenland wants to boost its mining of rare earths, but uranium often is found mixed into rare earths, so the ban was blocking key mining activity.

One rare earth deposit being explored by Greenland Minerals (GDLNF) could be the largest outside China; the company thinks it could extract up to 40K tons/year of rare earth metals.

Rare earths: REMX, REE, MCP, SHZ, AVL, GSM.

Uranium: URA, NLR, BWC, SHAW, URS, FLR, LTBR, URG, UEC, URRE, USU, DNN, CCJ.