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Greenland Minerals And Energy In A Halt, Regulatory Developments In Greenland And Denmark

Greenland Minerals and Energy's (ASX:GGG) shares are in a trading halt after the company said it was finalising an announcement on significant regulatory developments in Greenland and Denmark.

Greenland Minerals' three defined mineral resources (Kvanefjeld, Sørensen, and Zone 3) have a combined global resource base of greater than 1 billion tonnes, one of the largest and most advanced undeveloped resources of rare earth metals and uranium globally.

The development strategy has been through a public pre-hearing phase, and the resulting white paper and terms-of-reference were approved by the Greenland government in 2015.

The process route has been rigorously developed, and both concentrator and refinery circuits have been successfully operated at pilot plant scale.

The company has requested the halt be in place until commencement of trading on Friday 22 January 2016.

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