# Greenland Rare Earth Minerals Investment Report

## Executive Summary

Greenland possesses significant rare earth mineral reserves that present potential investment opportunities.

The country's vast untapped resources, particularly in critical minerals essential for the global energy transition, have attracted international attention from both corporations and governments.

## Rare Earth Mineral Reserves and Value

Greenland's rare earth deposits are among the world's most significant untapped resources.

The country holds substantial reserves of critical minerals including:
- Neodymium and praseodymium (NdPr) - essential for permanent magnets in electric vehicles and wind turbines
- Dysprosium and terbium - critical for high-performance magnets
- Other heavy rare earth elements

The estimated value of these deposits runs into billions of dollars, though exact figures depend on global commodity prices and extraction costs.

## Key Deposit Locations

### Major Known Deposits:
1.

**Kvanefjeld Project** - One of the world's largest undeveloped rare earth projects, containing one

# Greenland Rare Earth Minerals Investment Report

## Executive Summary

Greenland possesses significant rare earth mineral reserves that present potential investment opportunities.

Title:

Content: Arafura lures new $300m finance pot for NT rare earths play

Arafura Rare Earths says US$300 million (AU$452 million) in debt financing from Export Development Canada (EDC) is conditionally approved as a final investment decision on its Nolans project in the Northern Territory edges closer.

The Nolans rare earths operation is a shovel-ready, world-class neodymium-praseodymium (NdPr) project in the Top End and sits about 135km north of Alice Springs. The project has a resource underpinning 4440 tonnes per annum of NdPr oxide production and a minimum 38-year mine life.

Importantly, the latest agreement with the Canadian export credit agency – which builds on a letter of interest received in June last year – means the company has achieved conditional approvals for 68 per cent of its targeted US$775 million (AU$1.168 billion) in senior debt funding for the operation.

Management says EDC’s support is linked to a strategic arrangement between the credit agency and global giant General Electric Company (GE) to advance the global energy transition.

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In 2022, the company signed a non-binding memorandum of understanding to negotiate a long-term sale and purchase agreement to secure rare earths for GE’s renewable energy division. The agreement also outlined a potential strategic equity investment in Arafura by GE.

Debt financing from EDC signifies the increasing geostrategic importance of the Nolans Project and securing global diversity in the NdPr supply chain. EDC has responded strongly to Nolans as a strategic opportunity that will underpin the electrification economy. NdPr is critical in electrical vehicles, wind turbines and robotics.

Arafura Rare Earths managing director Darryl Cuzzubbo

The Nolans project boasts a resource estimate of 56 million tonnes at an average 2.6 per cent total rare earths oxide (TREO) and 11 per cent phosphate. Access to the site is provided via a major nearby airport and there is also other infrastructure including the Stuart Highway about 10km to the east, major rail access in Alice Springs and a deepwater port in Darwin.

Management says the EDC facility will be conditional upon Arafura achieving the 80 per cent binding offtake target. The company has agreed in principle with the lenders to a binding offtake target of 80 per cent, reduced from its previous target of 85 per cent of nameplate capacity.

The latest deal follows a debt financing agreement in March with the Commonwealth Government, which is providing about $30 million in grants and financing of $495 million from the $4 billion Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility and up to $115 million through Export Finance Australia’s commercial arm.

The Export-Import Bank of Korea (KEXIM) is also providing an in-principle finance offer for a US$75 million (AU$115 million) loan, in addition to an untied loan guarantee for the same amount.

All NT Government approvals for Nolans are secured, a mineral license and mining authorisation have been granted and a native title agreement is in place. There is also strong government support due to a close alignment with the Federal Government’s critical minerals policy.

The company has binding offtake agreements in place with Hyundai Motor Co., Kia Motors and Siemens Gamesa for up to 2020 tonnes per annum of NdPr oxide from Nolans. With conditional approvals for the majority of its debt facility in place, Arafura appears to be in the box seat as a final investment decision on its shovel-ready Nolans rare earths project rapidly approaches.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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Title:

Content: A third pillar of the industry.
Al-Mudaifer: The Kingdom will become a major global center for the production and processing of metals
During his participation in the session "Global Metals...
Mining and critical metals "in the United States
Deputy Minister of Industry and Mineral Resources Khalid bin Saleh Al-Mudaifer
Khalid bin Saleh Al-Mudaifer, Deputy Minister of Industry and Mineral Resources for Mining Affairs, said that the Kingdom will become a major global center for the production and processing of minerals, based on the Kingdom ’ s Vision 2030 and its plans to diversify the economic base of the Kingdom, where the vision identified mining as a third pillar of the national industry.
During his participation in a session entitled "Global Metals...
The Kingdom has taken a number of steps to develop the mining sector, including the implementation of several initiatives to create an environment conducive to the development of the mining sector, the issuance of the Mining Investment Law, to facilitate the process of obtaining licenses, reduce the environmental impact of mining operations, maximize the benefits to local communities, and the launch of a geological survey program to provide comprehensive geological data. from the scanning software immediately to the database.
He pointed out that the steps to develop the mining sector also included the launch of the Future Metals Forum as a platform and market for the greater region, attracting explorers of various sizes through our green opportunities and licensing tours, and for the first time, major sulphide belts are offered to big explorers, signing a railway project, and multinational shipping at the G20 summit in India. This will create a new and efficient trade corridor that will reduce transit times and costs for businesses.
He explained that the Kingdom has worked to attract high quality global investments by providing strong incentives, and encourages institutional investors to fund exploration and production of minerals and long-term thinking, with the aim of attracting new players such as sovereign wealth funds.
The Saudi Industrial Development Fund (SIDF) finances advanced exploration and mining projects for all metals at up to 75% of eligible project costs, and provides financing products for medium and downstream manufacturing, small and medium enterprises, digitization, renewable energy, and increased local content.
He pointed out that by making significant investments in infrastructure development, such as transport, roads, ports and airports, this rapid expansion of infrastructure will stimulate investment and promote economic growth and job creation, as well as the strategic location of the Kingdom on the global map, as a gateway for trade and investment between East and West, provides foreign investors with access to a wide and diverse market in the region.
This region extends from Africa to West and Central Asia and represents 41% of the world ’ s countries, and holds a large share of the world ’ s core reserves and resources, including 89% of the world ’ s platinum, 80% of the world ’ s phosphate, 62% of the world ’ s manganese, 58% of the world ’ s cobalt, and 29% of the world ’ s uranium. About 75% of the investments go to just 10 countries, none of which belong to the major region; therefore, the Future Metals Forum we established three years ago aims to change this reality by building regional capacity through youth training, creating centers of excellence, and using new technology.
He pointed out that the estimated value of mineral resources in the Kingdom amounts to $2.5 trillion, and there are many compelling reasons why the Kingdom is an ideal place to act as an integrator for the Greater Region - 80 countries - to support the establishment of strong mineral value chains. Ease of Doing Business by the World Bank.
“Investments in technological developments in the mining sector are crucial, technology has always been the answer to the growing demand for minerals, and the recent partnership between Ma ’ aden and Ivanhoe Electric, with access to IE ’ s Typhoon valence geology survey technology, will accelerate the exploration of the Kingdom ’ s territory and contribute to the achievement of our Vision 2030 goals, ” said the Deputy Minister of Industry and Mineral Resources.
He added: “Western money should rethink its investments in mining and what has traditionally been considered high risk areas, this is where minerals are available, and supplier countries should be seen and engaged as long-term partners. We know that the region faces challenges, but they can be overcome through partnerships, risk reduction and investments, which adopt a long-term vision. organization".
All these factors mean that the Kingdom represents a unique value proposition in the mining sector, and the success of the energy transition requires a massive increase in the volume of critical minerals produced and processed.
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What does Greenland's Tanbreez mine contain?

What does Greenland's Tanbreez mine contain?

The country's vast untapped resources, particularly in critical minerals essential for the global energy transition, have attracted international attention from both corporations and governments.

Title:

Content: CORNWALL’S ambitions for the county to be a world-class region for metal mining and a key player in decarbonising the UK economy has received a boost as Cornwall Resources Limited (CRL) announces a new mineral rights agreement with the Duchy of Cornwall.

CRL has been working on bringing forward the Redmoor project, based at Kelly Bray, which is an area which saw extensive historic mining from Roman times to the mid-1940s.

The announcement involves a mineral rights agreement with the Duchy over areas including the historic Manors of Stoke Climsland and Calstock, and portions of Linkinhorne and Callington parishes adjacent to CRL’s existing Redmoor License area.

The new license areas, referred to as the Tamar Valley License Area by CRL, adds a further 63km² of mineral rights to CRL’s operating area and is covered by a three-year initial agreement. It will allow CRL to continue its regional exploration activities and some more targeted projects to further establish new exploration targets and potential mineral resources.

Since 2016 CRL has undertaken minerals exploration activities, including borehole drilling, focused on the Redmoor Project, aimed at developing an underground tungsten, tin and copper deposit.

In addition, through the Deep Digital Cornwall project, CRL undertook regional exploration activities within its existing 23km² license area, including soil sampling, geophysics and a helicopter aerial survey to establish further target areas.

CRL’s exploration for critical minerals resources, alongside other minerals development projects in Cornwall, are viewed as vital to our ability to reach NetZero as established by the UK government through its critical minerals strategy. Development of these projects could allow Cornwall to become a future domestic source of much needed metals and create a new mining industry in the South West with high-paid and skilled jobs.

Alan Broome AM, chairman of Strategic Minerals Plc, the AIM-listed parent company of CRL, said: “We are delighted to be able to announce agreement on these mineral rights in areas that historically supported active mining within the Tamar Valley Mining District. It further underlines the Company’s strategy to be part of the resurgence of mining activity in the UK and directly contribute to the deliverability of the UK’s Critical Minerals Strategy and Cornwall’s ambition to be a world-class region for metal mining and georesources.”

Dennis Rowland, CRL project manager, added: “This exciting agreement, a first of its kind in modern times with The Duchy of Cornwall, will allow CRL to further explore for critical minerals in the historic and highly prospective Tamar Valley Mining District.

“CRL will continue its record of safe, effective, and sensitive project activities, while working closely with local communities, tenant farmers, and landowners. We plan to hold public engagement events soon to further detail our plans for the next chapter of our exploration of the area.”

Title:

Content: Why are countries competing so hard for deep sea mining?
Jamaica will host international talks from Monday to discuss several issues, most notably the controversial issue of allowing deep sea mining.
This comes after a two-year ban on such activities ended due to the failure of states to agree on new regulations.
Scientists fear a possible "scramble" for precious metals in the deep ocean could have dire consequences for marine life.
But proponents argue that these minerals are necessary to meet global demand for green technology, which preserves the environment.
The controversy began in 2021 when the tiny Pacific island of Nauru formally applied to the United Nations International Seabed Authority, which oversees mining in international waters, for a commercial licence to start deep-sea mining.
The move prompted a provision to set a two-year deadline for the agency to decide on the application, despite minimal regulations in place.
States have been meeting since then in an effort to finalize rules on environmental control and property sharing, but the efforts have not yielded any success.
Kingston, Jamaica, is currently hosting a three-week meeting for discussions.
It comes at a time of growing objections to commercial deep-sea mining aimed at collecting rocks containing precious metals.
Some 200 countries, including Switzerland, Spain and Germany, are calling for a halt or suspension due to environmental concerns and are now expected to be given a vote on a new ban next month.
Although the UK has not called for a new ban, a government spokesman told the BBC: "The UK will maintain its precautionary position of not supporting the issuance of any exploration licences until there is sufficient scientific evidence on the potential impact on deep-sea ecosystems."
Marine scientists have raised concerns about limited deep-ocean research to study the animals and plants that live there, and therefore the effects that deep-sea mining could have.
Experts say the technology potentially used to collect minerals from the seabed could create significant noise and light pollution, as well as release plumes of sediment that pose a risk of choking food-leaching species, according to the International Union for Conservation of Nature (IUCN).
Katherine Wheeler, director of global policy at charity Fauna & Flora, said: “We must not let this be a new drive to raise wealth, to further destroy our planet without actually realizing what we are doing. ”
Scientists recently announced that more than 5,000 different animals have been found in the Clarion-Clipperton Zone in the Pacific Ocean, a key area for future mining activities.
The Clarion-Clipperton Zone and other areas ripe for mining, such as the so-called Pacific Ocean crust, are unique environments with hydrothermal vents, underwater mountains and vast plains up to 6,500 meters below the surface of the water.
Scientists believe they can support uniquely adapted species of organisms, the likes of which are not found anywhere else in the world.
Not all States are categorically opposed to such activities, and the International Seabed Authority has already issued 31 exploration contracts to companies wishing to search the deep ocean, while 14 States, including China, Russia, India, the United Kingdom, France and Japan, support such activity.
The Authority only permits the issuance of exploration contracts in international waters, and States are free to conduct exploration in their national waters.
Last month, Norway controversially opened up areas in the Greenland Sea, the Norwegian Sea and the Barents Sea covering 280,000 square kilometers for mining companies to apply for licences.
Oil and Energy Minister Terje Asland said in a statement: "We need minerals to succeed in the green transition."
Metal Company, which partners with three Pacific Island States -- the Republic of Nauru, the Republic of Kiribati and the Kingdom of Tonga -- intends to proceed with applications.
The company said the deep sea offers a promising source of metals such as copper, cobalt and nickel, which are needed for technologies such as mobile phones, wind turbines and electric vehicle batteries.
Nick Pickens, director of global mining research at Wood Mackenzie, told the BBC that many of these minerals are relatively available on Earth but difficult to access.
The Democratic Republic of Congo, which has some of the highest purity copper grades in the world, is facing violent ethnic conflict in parts of the country.
There are also a limited number of refining sites involved in the conversion of metals from their raw form to useful components.
Pickens said: “Deep sea mining does not necessarily solve any of these issues.
There are still geopolitical challenges. ”

Title:

Content: Russian companies plan to mine rare metals in Donetsk People's Republic
© Sputnik.
Mikhail Voskresenskiy / Moving to Bank of PhotographyMetal factory in Hama province, Syria
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Deputy Prime Minister of the Republic of Donetsk, Vladimir Isikov, announced that major Russian companies are interested in the work and extraction of rare earth minerals in the Republic.
"I can say separately about underground reserves of federal importance, where projects and studies are carried out jointly with the Federal Agency for Soil Use in terms of certain reserves of rare earth elements," Isikov said.
“Major Russian state companies are interested in us, including regulating the extraction of certain types of underground soil and reserves of rare earth minerals, ” Isikov said, noting that Donetsk is negotiating with Russian companies to invest in regulating the extraction and processing of these same elements.
Isikov stressed that coal extracted from the Donetsk Republic has serious potential for export and is in high demand on the world market.
Earlier, Prime Minister of the Donetsk People's Republic Vitaly Khotsenko announced that the area of the Azovstal metal factory in Mariupol, which was severely damaged during the military action, will be transformed into an industrial zone by 2035.
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Content: 30.10.2023 22:54:08

Alaska Energy Metals stock rises on drill results at Nikolai nickel project

Alaska Energy Metals’ (TSX.V: AEMC) (OTCQB: AKEMF) stock rose on Monday after releasing results for two additional diamond drill holes from its 2023 exploration program at its 100% owned Nikolai nickel project.Eight diamond drill holes were drilled during the campaign, with results from four holes now received and results from four holes pending.The Nikolai project deposit types possible are disseminated Ni-Cu-Co-Cr-PGE mineralization in serpentinized ultramafic rocks analogous to the Crawford deposit in Canada, a massive sulfide Ni-Cu-PGE mineralization analogous to the Norilsk mine in Russia, volcanogenic massive sulfide Cu (Zn-Pb) Au, Ag analogous to the Windy Craggy deposit in Canada, according to the company’s website.Assay results from drill hole EZ-23-003 returned 324.6 meters @ 0.34% NiEq (0.23% Ni, 0.08% Cu, 0.02% Co, 0.119 g/t Pd, 0.053 g/t Pt and 0.013 g/t Au). Assay results from drill hole EZ-23-005 returned  356.2m @ 0.34% NiEq (0.22% Ni, 0.08% Cu, 0.02% Co, 0.122 g/t Pd, 0.057 g/t Pt and 0.014 g/t Au).The results from holes EZ-23-001, EZ-23-003, & EZ-23-005 confirm the consistency of mineralization spanning 600m of strike length along the Eureka Zone. The mineralization remains open in all directions.The Nikolai project holds promising potential as a large, reliable, domestic source of nickel for the ongoing energy transition, the company said, adding that based on historical drilling, there are strong indications of a significant nickel deposit, along with other valuable metals.By conducting an initial drilling program scheduled for completion by Fall 2023, the Vancouver-based explorer aims to establish a maiden Inferred Resource by Spring 2024.If the historic concentrations are confirmed, Alaska Energy Metals said, the resource is expected to surpass one billion pounds of contained nickel. “The Eureka Zone of the Nikolai project in central Alaska is proving to be every bit as persistent, consistent, and homogeneous as indicated by the historical drilling on the property,” Alaska Energy Metals CEO Gregory Beischer said in a news release.“With our grid-pattern drilling at 300-meter centers, we are quickly blocking out a large tonnage of rock mineralized with nickel and other related metals.”By market close in Toronto on Monday, the company’s stock was up 6.9%. Trading volume reached 155,586, compared to the average daily volume of 67,335, capitalizing it at C$36.7 million ($27.1m).Weiter zum vollständigen Artikel bei Mining.com

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Title:

Content: Proactive news headlines including Latin Resources, Azure Minerals, Australian Strategic Materials and Kinetiko Energy

London, UNITED KINGDOM

Sydney, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:

  • Latin Resources Ltd (ASX:LRS) is expected to see material value accretion as it moves from lithium prospector to announcing a MRE at Salinas and ultimately defining its path to development, according to Bell Potter Securities. Click here
  • Azure Minerals Ltd (ASX:AZS) has fielded broad, high-grade nickel hits thanks to resource definition drilling at the Ridgeline nickel-copper-cobalt deposit, part of its 60%-owned Andover Project in WA. Click here
  • Australian Strategic Materials Ltd (ASX:ASM) has fielded strong support from leading international and domestic institutions in a placement to raise $30 million and is seeking to raise a further $10 million in a non-underwritten share purchase plan (SPP). Click here
  • Kinetiko Energy Ltd (ASX:KKO) has closed the books on a gas and coal bed methane drilling campaign at core hole 271-23C in energy-hungry South Africa. Click here
  • Anson Resources Ltd (ASX:ASN) is trading higher after delivering another major upgrade to the mineral resource estimate (MRE) for its Paradox Lithium Project in Utah in the United States, less than three months after it announced a substantial upgrade to the project’s resources. Click here
  • Stellar Resources Ltd (ASX:SRZ) has added a combined 97 square kilometres of ground prospective for lithium, tin and base metals in the Mt Paris and Scamander North areas of Northeast Tasmania through a newly-granted licence secured by wholly-owned subsidiary Tarcoola Iron Pty Ltd. Click here
  • Pantoro Ltd (ASX:PNR) has wrapped up its 2022 drilling program, ranging across 20,000 metres at the Lamboo platinum group element (PGE) deposit. Click here
  • Chimeric Therapeutics Ltd (ASX:CHM) has entered into a sponsored research agreement (SRA) with Case Western Reserve University (CWRU) to further advance its NK cell therapy portfolio. Click here
  • Lake Resources NL (ASX:LKE, OTCQB:LLKKF) welcomes positive results from its lithium processing demonstration plant at the Kachi Project in Catamarca Province in Argentina, where initial test-work on brine has delivered an “at spec” product. Click here
  • Theta Gold Mines Ltd (ASX:TGM) welcomes news that the South African Department of Water and Sanitation has awarded it the first of the two water use licences required for its TGME Underground Gold Mine. Click here
  • Prescient Therapeutics Ltd (ASX:PTX) has reported new data from a clincial trial into its PTX-100 anti-cancer drug candidate. Click here
  • AdAlta Ltd (ASX:1AD) has made substantial progress expanding the potential disease areas (indications) and routes of delivery for AD-214 – its lead program and a first in class antifibrotic. Click here
  • Krakatoa Resources Ltd (ASX:KTA) has hit widespread rare earth elements (REEs) during infill and extensional drilling at its Mt Clere project in WA’s Yilgarn Craton. Click here
  • archTIS Ltd has been subcontracted by KPMG’s technology arm to provide key scaffolding for the first chapter of Australia’s OneDefence Data Program. Click here
  • Apollo Minerals Ltd (ASX:AON) has further enhanced the world-class potential of its Kroussou Project in Gabon with metallurgical tests returning zinc and lead recoveries and concentrate grades described as exceptional. Click here
  • Sovereign Metals Ltd (ASX:SVM, AIM:SVML) is poised to ship off natural rutile from the Kasiya Project in Malawi thanks to a pivotal offtake deal. Click here

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Title:

Content: (Bloomberg) -- Australia is gearing up to win a bigger market share for critical materials that can be used in everything from electric cars to aerospace.

The mining powerhouse will establish a A$2 billion ($1.5 billion) loan facility for critical minerals projects, Prime Minister Scott Morrison said in a statement. The fund would help fill finance gaps in developments, helping to drive the new-energy economy, he said.

Australia has already dominated the mining of battery metals and is the biggest exporter of lithium, a key material in the electric-vehicle revolution. The government has also been keen to encourage more exploration activity, while Tesla Inc. -- which has battery projects in the country -- has previously urged the nation to prioritize onshore refining of minerals too.

“The commercial dimensions of the critical minerals market mean it is a difficult place to get established,” Morrison said in the statement. “We want to ensure that Australia’s resources producers do get established so they can link up with others in our supply chains in a free and open Indo-Pacific.”

©2021 Bloomberg L.P.

## Rare Earth Mineral Reserves and Value

Greenland's rare earth deposits are among the world's most significant untapped resources.

Title:

Content: Critical minerals, Discovery, Government announcements, News, Sustainability, Technology

Critical minerals and geoscience in the spotlight

The annual Exploration in the House seminar held last week saw hundreds of delegates come together to discuss the latest technology and innovations within the mining exploration and geoscience space.

Exploration in the House is a free, annual seminar presented by the Department of Regional NSW’s Mining, Exploration and Geoscience.

The 2024 edition of the event – dubbed ‘new data, new exploration futures’ – was recently held at the NSW Parliament House and brought together 116 industry experts and researchers to explore the latest developments in geoscience and geophysical data.

The Geological Survey of NSW highlighted the significant role that innovative exploration strategies play in shaping the future of mining in New South Wales by presenting data, current projects, and their implications for the state’s exploration and investment.

“Exploration in the House serves as a platform for knowledge exchange and collaboration, essential for advancing our understanding of NSW’s mineral potential,” Geological Survey of NSW head and chief geoscientist Phillip Blevin said.

“The participation from our industry and a diverse group of stakeholders reaffirms the importance of geoscience in guiding sustainable resource development.”

University of Sydney Professor Dietmar Muller gave the keynote presentation, which focused on the possibilities around using generative artificial intelligence to uncover critical minerals.

The event took place three days after NSW Natural Resources Minister Courtney Houssos revealed the largest collection of geophysical data ever released in the state.

The survey included data captured across more than 148,000 square kilometres and is intended to help mining companies determine which critical minerals may lie in certain areas of NSW.

“Critical minerals are crucial to the future of the global pathway to net-zero and growing employment in regional NSW,” Houssos said.

“The release of this data will help stimulate investment and make sure NSW continues to lead the exploration and development of critical minerals in Australia.

“These surveys are an important piece of the puzzle in developing our understanding of the state’s geological properties, and groundwater supplies. This is crucial information for farmers and regional communities.”

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What does Greenland's Tanbreez mine contain?

The country holds substantial reserves of critical minerals including:
- Neodymium and praseodymium (NdPr) - essential for permanent magnets in electric vehicles and wind turbines
- Dysprosium and terbium - critical for high-performance magnets
- Other heavy rare earth elements

The estimated value of these deposits runs into billions of dollars, though exact figures depend on global commodity prices and extraction costs.

What does Greenland's Tanbreez mine contain?

30% of oxides are highly sought after heavy rare earth metals

## Key Deposit Locations

### Major Known Deposits:
1.

Title:

Content: Indications of the existence of a huge gas field accelerate the start of exploration works in the coast of Larache
Heba Press - Casablanca
Positive signs are those discovered in the coast of Larache, which indicates the presence of a huge field of natural gas, which seems to have accelerated the doubling of drilling and exploration work in the area.
In this regard, the British company “Chariot ” specialized in oil and gas exploration, announced the completion of the procedures of the conclusion of the partnership with the Group“ Energean ” and the acquisition of the necessary government and regulatory licenses by the Kingdom of Morocco to start exploration works in the coast of Larache.
This partnership comes to promote and strengthen the exploration work in the region in light of positive indications that the region is rich in natural gas, where important capital will be pumped by the two companies for the purpose of exploration.
According to previously published figures, Chariot received a $10 million down payment from Energean following the completion of the deal, and a drilling contract was signed with Stena to use the Stena Forth drilling unit for appraisal drilling and development of a well east of the Anshua gas field, as well as an optional additional well within the Lexus license area.
The test will take place weeks after the completion of drilling operations, and aims to assess existing reservoirs, as well as to test the flow of potential undrilled resources with the aim of increasing the development of available resources to more than 30 billion cubic meters.
It should be noted that many well-known international companies in the exploration of gas and energy minerals have obtained exploration licenses in different regions of the Kingdom of Morocco, which will allow them to expand their activities to search for natural gas when there are positive signs in the initial exploration operations.
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**Kvanefjeld Project** - One of the world's largest undeveloped rare earth projects, containing one

Title:

Content: People 's Network > > International
Large-scale rare earth mine found in Sweden threatens to ease EU ’ s rare earth shortage
January 19, 2023, 16: 34 | Source: Xinhua Network
Small number
Xinhua News Agency, Beijing, January 19, (International observation) Sweden found large rare earth mines may be difficult to alleviate the "rare earth shortage" in the European Union.
Xinhua News Agency reporter Xie Binbin
Sweden's state-owned mining company Luosa-Kiruna Mountain has announced that it has discovered a rare earth deposit in the Kiruna region of northern Sweden, containing more than 1 million tons of rare earth oxides.
It is the largest known rare earth deposit in Europe.
Analysts believe that although this discovery will help the EU to ease the situation of highly dependent on imports of rare earths, the EU's "rare earth shortage" is unlikely to have significant changes in the short term.
“A long way from discovery to development. ”
Jan Mostrom, chief executive of Luosa-Kiruna Mountain, said recently that the scale of rare earths in Kiruna has yet to be determined.
The company plans to submit a mining concession application this year, and it is expected to take several years to explore the deposits and the conditions for sustainable mining.
Rare earth is known as "industrial vitamins" and is widely used in metallurgy, military, petrochemical, glass ceramics, agriculture and new materials.
But the EU relies almost entirely on imports for rare earths.
"There is a long way to go from discovery to real mining," Mostrom said.
"It will take at least 10 to 15 years to start mining the deposit and supply it to the market," he said.
Several rare earth deposits have previously been found in Europe, such as in Kwane Bay in Greenland and Norrachel in Sweden.
However, because these sites are located near the Arctic, the need for local environmental protection has led to the development of the project is not smooth.
Ross Embleton, a researcher at Wood Mackenzie Consulting in the United Kingdom, believes that unless the approval process is shortened, the newly discovered deposit will not have an impact on the global supply of rare earths in the short term.
New opportunities for the Swedish industry
European Commission President von der Leyen said that the EU ’ s demand for rare earths is expected to increase fivefold by 2030, and that rare earths and lithium will “soon be more important than oil and gas. ”
For Sweden, the discovery of rare earth minerals will help reshape its image as an EU mining powerhouse, giving it a bigger role in the EU ’ s green transition.
The website of the French newspaper Le Monde pointed out that in the past decade, metal prices have been depressed, and mining exploration activities in Sweden have decreased sharply, but there are signs of recovery in the recent past.
It is also reported that this spring, the European Commission will introduce measures to strengthen its own supply of key raw materials, which means that Sweden's rare earth project may receive EU support.
Short-term changes to the pattern.
The European Union has been trying to diversify the rare earth supply chain for several years.
After the escalation of the crisis in Ukraine, the EU is more eager to push forward the process, especially to seek to strengthen its own supply within the EU.
However, the rare earth industry chain involves a series of procedures such as mining and separation, and the rare earth mineral reserves alone are not enough, which is also an important reason for the EU to get rid of its import dependence.
Geologists from the Swedish Geological Survey pointed out that Europe currently lacks the comprehensive capacity to process rare earth metals and manufacture intermediate products. “We also need to focus on the entire industry chain of rare earth metals, such as rare earth permanent magnets for wind turbines or electric vehicle engines. ”
Analysts stressed that the European rare earth industry chain is incomplete, the lack of advanced technology, talent and other supporting resources required, which will lead to the production of rare earth products cost too high, lack of competitiveness, and thus lead to the lack of incentives for enterprises to invest in this industry.
Experts pointed out that because China has the advantages of technology patents and industrial scale in processing links such as refining, many European companies choose to cooperate with China to process and extract raw materials, which is more economical.
Argus Media, an international independent pricing agency involved in energy and commodity markets, believes that some companies are pushing for a supply chain for rare earth products in Europe, "but the road to production of rare earth products is very difficult and requires huge investment and political will."
(Edited by: Cui Dege, Xu Xiangli)
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Title:

Content: Arqab lays the foundation stone for the project of exploiting the zinc and lead mine in Bejaia
+ -
The Minister of Energy and Mines, Mohamed Arkab, on Saturday in the state of Bejaia, supervised the ceremony of laying the foundation stone for the project of exploiting the zinc and lead mine of Tala Hamza - Oued Amezor.
On this occasion, the exploitation license was handed over to the Algerian-Australian Mixed Company by the representative of the President of ANAM, in addition to the planting of olive trees, proof of the inviolability of the existing trees, as the method of exploitation (underground) will allow the preservation of the natural shape of the area to a large extent.
In a speech on the occasion, the Minister of Energy and Mines pointed out that the embodiment of this project is the result of a joint cooperation between the mining industrial park "Sunarim" and the Australian company "Tramin", which aims to exploit the zinc and lead deposits in order to strengthen and raise the mining capacity of the country and create added value to support and diversify the national economy, while fully respecting the environmental aspect. Meet the Sustainable Development Goals.
He also mentioned its great importance for the national economy in general, and for the region in particular, and now it is entering the materialization stage, having completed all studies, whether related to economic feasibility or environmental impact, in addition to obtaining all the necessary licenses by the authorized bodies, as well as complying with all the relevant regulatory requirements. In the end, full compensation will soon be awarded to the owners.
Regarding the development of mining investment, the minister pointed out that it is mainly through improving the investment climate, in order to encourage entrepreneurship and investment.
Indeed, during its weekly meeting on Wednesday, the government examined a preliminary draft of the law governing mining activities, which mainly aims to create a favorable legal environment that encourages the development of the mining industry and sets an incentive framework for investors by facilitating procedures related to mining investment and reducing all deadlines related to it, while being open to partnership with national and foreign economic operators. Provide the necessary guarantees, with a strong focus on the creation of jobs at the national and local levels.
The Minister concluded his speech by calling for the unification and intensification of efforts to start the effective exploitation of the Tala Hamza-Oued Amezor reservoir, and to work together and make further efforts and challenges in order to optimize the country ’ s capabilities, especially with regard to the exploitation of the country ’ s mineral and mineral resources, in order to advance national development and prosperity.
The ceremony took place in the presence of the Governor of Bejaia, representatives of civil and local authorities of the state, the President and Director General of the Sonaram Complex, the President of the National Agency for Mining Activities, the President and Director General of the National Foundation for Non-Ferrous Mining Products and Utilities, the Director of the Algerian-Australian Mixed Company Western Mediterranean Zinc WMZ in charge of the project.
In addition to the Australian delegation, led by the President and General Manager of the Australian Mining Company "Terramine".


### Comprehensive Report on Greenland’s Rare Earth Minerals

#### Introduction
Greenland, the world's largest island, is increasingly recognized for its vast reserves of rare earth minerals (REMs), which are critical for high-tech industries and the global transition to renewable energy.

This report provides an overview of Greenland’s rare earth mineral resources, including their estimated value, locations, extraction challenges, and the interest from various countries and corporations.

#### Estimated Value and Reserves
Greenland is believed to host some of the world's largest untapped rare earth deposits.

The most notable among these is the **Kvanefjeld project**, located in the southern part of the island.

Operated by Greenland Minerals Ltd (formerly named Greenland Minerals and Energy Ltd), this deposit is estimated to contain approximately 1.

05 billion tonnes of ore with significant concentrations of neodymium, praseodymium, and uranium.

The project is considered one of the most promising rare earth developments globally due to its scale and the presence

### Comprehensive Report on Greenland’s Rare Earth Minerals

#### Introduction
Greenland, the world's largest island, is increasingly recognized for its vast reserves of rare earth minerals (REMs), which are critical for high-tech industries and the global transition to renewable energy.

Title:

Content: Stocks of the Hour: Bastion Minerals, Ironbark Zinc, Western Yilgarn

Company News

by Abbey Phillipps

Bastion Minerals (ASX:BMO) has announced a significant new discovery with widespread visible uranium mineralisation with high spectrometer readings at the Morrissey Project. This significant new discovery in the Morrissey project identifies potential for economic surficial uranium, hosted at shallow depth in calcrete, with possible contemporary analogues such as Lake Maitland. Shares are trading 25 per cent higher at 1 cents.

Ironbark Zinc (ASX:IBG) has announced an update on their Citronen Project, in which the licence is successfully renewed with the Government of Greenland. The financing & commencement of production have been further extended to the end of 2024 and 2026 respectively; the maximum allowable extension able to be afforded to Ironbark under its current licence terms. Shares are trading 25 per cent higher at 0.5 cents.

Western Yilgarn (ASX:WYX) announced the successful phase 4 drilling program expands targets at Ida Holmes Junction Project in WA. There are 2 new Nickel and Copper PGE targets identified increasing overall project potential. Shares are trading flat at 4 cents.

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This report provides an overview of Greenland’s rare earth mineral resources, including their estimated value, locations, extraction challenges, and the interest from various countries and corporations.

Title:

Content: Arafura lures new $300m finance pot for NT rare earths play

Arafura Rare Earths says US$300 million (AU$452 million) in debt financing from Export Development Canada (EDC) is conditionally approved as a final investment decision on its Nolans project in the Northern Territory edges closer.

The Nolans rare earths operation is a shovel-ready, world-class neodymium-praseodymium (NdPr) project in the Top End and sits about 135km north of Alice Springs. The project has a resource underpinning 4440 tonnes per annum of NdPr oxide production and a minimum 38-year mine life.

Importantly, the latest agreement with the Canadian export credit agency – which builds on a letter of interest received in June last year – means the company has achieved conditional approvals for 68 per cent of its targeted US$775 million (AU$1.168 billion) in senior debt funding for the operation.

Management says EDC’s support is linked to a strategic arrangement between the credit agency and global giant General Electric Company (GE) to advance the global energy transition.

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In 2022, the company signed a non-binding memorandum of understanding to negotiate a long-term sale and purchase agreement to secure rare earths for GE’s renewable energy division. The agreement also outlined a potential strategic equity investment in Arafura by GE.

Debt financing from EDC signifies the increasing geostrategic importance of the Nolans Project and securing global diversity in the NdPr supply chain. EDC has responded strongly to Nolans as a strategic opportunity that will underpin the electrification economy. NdPr is critical in electrical vehicles, wind turbines and robotics.

Arafura Rare Earths managing director Darryl Cuzzubbo

The Nolans project boasts a resource estimate of 56 million tonnes at an average 2.6 per cent total rare earths oxide (TREO) and 11 per cent phosphate. Access to the site is provided via a major nearby airport and there is also other infrastructure including the Stuart Highway about 10km to the east, major rail access in Alice Springs and a deepwater port in Darwin.

Management says the EDC facility will be conditional upon Arafura achieving the 80 per cent binding offtake target. The company has agreed in principle with the lenders to a binding offtake target of 80 per cent, reduced from its previous target of 85 per cent of nameplate capacity.

The latest deal follows a debt financing agreement in March with the Commonwealth Government, which is providing about $30 million in grants and financing of $495 million from the $4 billion Critical Minerals Facility, $200 million through the Northern Australia Infrastructure Facility and up to $115 million through Export Finance Australia’s commercial arm.

The Export-Import Bank of Korea (KEXIM) is also providing an in-principle finance offer for a US$75 million (AU$115 million) loan, in addition to an untied loan guarantee for the same amount.

All NT Government approvals for Nolans are secured, a mineral license and mining authorisation have been granted and a native title agreement is in place. There is also strong government support due to a close alignment with the Federal Government’s critical minerals policy.

The company has binding offtake agreements in place with Hyundai Motor Co., Kia Motors and Siemens Gamesa for up to 2020 tonnes per annum of NdPr oxide from Nolans. With conditional approvals for the majority of its debt facility in place, Arafura appears to be in the box seat as a final investment decision on its shovel-ready Nolans rare earths project rapidly approaches.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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Title:

Content: Arqab lays the foundation stone for the project of exploiting the zinc and lead mine in Bejaia
+ -
The Minister of Energy and Mines, Mohamed Arkab, on Saturday in the state of Bejaia, supervised the ceremony of laying the foundation stone for the project of exploiting the zinc and lead mine of Tala Hamza - Oued Amezor.
On this occasion, the exploitation license was handed over to the Algerian-Australian Mixed Company by the representative of the President of ANAM, in addition to the planting of olive trees, proof of the inviolability of the existing trees, as the method of exploitation (underground) will allow the preservation of the natural shape of the area to a large extent.
In a speech on the occasion, the Minister of Energy and Mines pointed out that the embodiment of this project is the result of a joint cooperation between the mining industrial park "Sunarim" and the Australian company "Tramin", which aims to exploit the zinc and lead deposits in order to strengthen and raise the mining capacity of the country and create added value to support and diversify the national economy, while fully respecting the environmental aspect. Meet the Sustainable Development Goals.
He also mentioned its great importance for the national economy in general, and for the region in particular, and now it is entering the materialization stage, having completed all studies, whether related to economic feasibility or environmental impact, in addition to obtaining all the necessary licenses by the authorized bodies, as well as complying with all the relevant regulatory requirements. In the end, full compensation will soon be awarded to the owners.
Regarding the development of mining investment, the minister pointed out that it is mainly through improving the investment climate, in order to encourage entrepreneurship and investment.
Indeed, during its weekly meeting on Wednesday, the government examined a preliminary draft of the law governing mining activities, which mainly aims to create a favorable legal environment that encourages the development of the mining industry and sets an incentive framework for investors by facilitating procedures related to mining investment and reducing all deadlines related to it, while being open to partnership with national and foreign economic operators. Provide the necessary guarantees, with a strong focus on the creation of jobs at the national and local levels.
The Minister concluded his speech by calling for the unification and intensification of efforts to start the effective exploitation of the Tala Hamza-Oued Amezor reservoir, and to work together and make further efforts and challenges in order to optimize the country ’ s capabilities, especially with regard to the exploitation of the country ’ s mineral and mineral resources, in order to advance national development and prosperity.
The ceremony took place in the presence of the Governor of Bejaia, representatives of civil and local authorities of the state, the President and Director General of the Sonaram Complex, the President of the National Agency for Mining Activities, the President and Director General of the National Foundation for Non-Ferrous Mining Products and Utilities, the Director of the Algerian-Australian Mixed Company Western Mediterranean Zinc WMZ in charge of the project.
In addition to the Australian delegation, led by the President and General Manager of the Australian Mining Company "Terramine".

Title:

Content: A third pillar of the industry.
Al-Mudaifer: The Kingdom will become a major global center for the production and processing of metals
During his participation in the session "Global Metals...
Mining and critical metals "in the United States
Deputy Minister of Industry and Mineral Resources Khalid bin Saleh Al-Mudaifer
Khalid bin Saleh Al-Mudaifer, Deputy Minister of Industry and Mineral Resources for Mining Affairs, said that the Kingdom will become a major global center for the production and processing of minerals, based on the Kingdom ’ s Vision 2030 and its plans to diversify the economic base of the Kingdom, where the vision identified mining as a third pillar of the national industry.
During his participation in a session entitled "Global Metals...
The Kingdom has taken a number of steps to develop the mining sector, including the implementation of several initiatives to create an environment conducive to the development of the mining sector, the issuance of the Mining Investment Law, to facilitate the process of obtaining licenses, reduce the environmental impact of mining operations, maximize the benefits to local communities, and the launch of a geological survey program to provide comprehensive geological data. from the scanning software immediately to the database.
He pointed out that the steps to develop the mining sector also included the launch of the Future Metals Forum as a platform and market for the greater region, attracting explorers of various sizes through our green opportunities and licensing tours, and for the first time, major sulphide belts are offered to big explorers, signing a railway project, and multinational shipping at the G20 summit in India. This will create a new and efficient trade corridor that will reduce transit times and costs for businesses.
He explained that the Kingdom has worked to attract high quality global investments by providing strong incentives, and encourages institutional investors to fund exploration and production of minerals and long-term thinking, with the aim of attracting new players such as sovereign wealth funds.
The Saudi Industrial Development Fund (SIDF) finances advanced exploration and mining projects for all metals at up to 75% of eligible project costs, and provides financing products for medium and downstream manufacturing, small and medium enterprises, digitization, renewable energy, and increased local content.
He pointed out that by making significant investments in infrastructure development, such as transport, roads, ports and airports, this rapid expansion of infrastructure will stimulate investment and promote economic growth and job creation, as well as the strategic location of the Kingdom on the global map, as a gateway for trade and investment between East and West, provides foreign investors with access to a wide and diverse market in the region.
This region extends from Africa to West and Central Asia and represents 41% of the world ’ s countries, and holds a large share of the world ’ s core reserves and resources, including 89% of the world ’ s platinum, 80% of the world ’ s phosphate, 62% of the world ’ s manganese, 58% of the world ’ s cobalt, and 29% of the world ’ s uranium. About 75% of the investments go to just 10 countries, none of which belong to the major region; therefore, the Future Metals Forum we established three years ago aims to change this reality by building regional capacity through youth training, creating centers of excellence, and using new technology.
He pointed out that the estimated value of mineral resources in the Kingdom amounts to $2.5 trillion, and there are many compelling reasons why the Kingdom is an ideal place to act as an integrator for the Greater Region - 80 countries - to support the establishment of strong mineral value chains. Ease of Doing Business by the World Bank.
“Investments in technological developments in the mining sector are crucial, technology has always been the answer to the growing demand for minerals, and the recent partnership between Ma ’ aden and Ivanhoe Electric, with access to IE ’ s Typhoon valence geology survey technology, will accelerate the exploration of the Kingdom ’ s territory and contribute to the achievement of our Vision 2030 goals, ” said the Deputy Minister of Industry and Mineral Resources.
He added: “Western money should rethink its investments in mining and what has traditionally been considered high risk areas, this is where minerals are available, and supplier countries should be seen and engaged as long-term partners. We know that the region faces challenges, but they can be overcome through partnerships, risk reduction and investments, which adopt a long-term vision. organization".
All these factors mean that the Kingdom represents a unique value proposition in the mining sector, and the success of the energy transition requires a massive increase in the volume of critical minerals produced and processed.
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Sabq Electronic Newspaper
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#### Estimated Value and Reserves
Greenland is believed to host some of the world's largest untapped rare earth deposits.

What does Greenland's Tanbreez mine contain?

The most notable among these is the **Kvanefjeld project**, located in the southern part of the island.

Operated by Greenland Minerals Ltd (formerly named Greenland Minerals and Energy Ltd), this deposit is estimated to contain approximately 1.

What is one of the global key REE manufacturers?

05 billion tonnes of ore with significant concentrations of neodymium, praseodymium, and uranium.

The project is considered one of the most promising rare earth developments globally due to its scale and the presence

Title:

Content: 0.
Monday 27 February 2023 h 13: 47
New Iron Ore Reserves Discovered in Central Iran
Recently, iron ore has been surveyed and preliminary discoveries have been made in parts of Isfahan, Yazd, Kerman and Semnan provinces and good reserves have been found.
Since the beginning of the 13th government, the country ’ s Geological and Mineral Exploration Organization has conducted studies in 1401 to provide the raw materials needed by the country ’ s industries, including iron ore, through the implementation of the Mineral Reserves Survey Plan as the balance sheet of mineral resources.
He said: Within one year, this organization has achieved achievements in the geological transformation plan and exploration of mineral reserves, and the appropriate reserves of iron ore were identified in the province of Kurdistan.
He pointed to the future plans of the geological and mineral exploration organization of the country, expressing his hope to increase the magnetic reserves of iron ore and achieve the processing technology of hematite stones.
He also announced the joint cooperation with the iron industry in the field of exploration and added: We currently have memorandums and contracts with the iron industry in the field of exploration for iron ore and the organization is carrying out the stages of identification and exploration with the help of scientific methods and thus reduce the risk of investment by entering into the initial explorations.
Item number: 1043840
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