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Greenland Resources Receives Important Government Approval for the Permitting of Its Molybdenum Project
TORONTO / Oct 07, 2022 / Business Wire / Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”), is pleased to announce that the
About this update from Greenland Resources Inc.
[{"type":"text","content":"TORONTO / Oct 07, 2022 / Business Wire / Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”), is pleased to announce that the Government of Greenland, as per the recommendation of the Ministry of Mineral Resources (MMR) and the Environmental Agency for Mineral Resource Activities (EAMRA), approved the Terms of Reference (ToR) for the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA), which constitute the first of two Government approvals needed to obtain an exploitation license for the Malmbjerg Molybdenum Project in Greenland. The first approval involves the Government of Greenland approval of the ToR EIA/SIA. To achieve this, mining companies seeking an exploitation license in Greenland, need to submit and receive MMR and EAMRA acceptance of a draft ToR EIA and SIA in Greenlandic, Danish and English; publish the documents on the Government’s hearing portal for 35 days to receive public comments; address all comments in the three languages in a White Paper and resubmit a revised ToR EIA/SIA and White Paper in the three languages for MMR and EAMRA acceptance. After acceptance, MMR and EAMRA recommend the ToR EIA/SIA for approval to the Government of Greenland. Today, the Company was notified by the MMR that the Government of Greenland (Naalakkersuisut) approved the ToR EIA/SIA on September 29, 2022. Dr. Ruben Shiffman, Chairman, commented: “We thank the Greenland Government and local stakeholders for their ongoing support. Our contribution to Greenland will dramatically increase as we advance the project. We are in good shape in the permitting process and molybdenum is trading at a 13 year high despite current economic and energy crisis. The Company has now aligned goals with Greenland in securing raw materials for the European Union. Greenland, an Associate EU member is now also member is also a member of the European Raw Material Alliance (ERMA), a EU body responsible to secure strategic minerals for the EU Green Deal. Also, our Malmbjerg Molybdenum Project recently received strategic support from ERMA as per press release Click Here.” The second part of the process involves: the approval of the EIA/SIA that follows a similar process as the one described above for the ToR EIA/SIA; the submission of the Navigational Safety Investigation report (NSI); and the signing of a...