NUUK, Greenland – The mining company that owns the licence to Greenland’s Kvanefjeld deposit is hopeful that a new government will repeal a ban on uranium mining after next month’s election, potentially rejuvenating one of the world’s largest rare earth projects.
U.S President Donald Trump last month voiced renewed interest in acquiring the strategically important Arctic island. In response to Trump’s comments, CEO Daniel Mamadou of Kvanefjeld licence holder Energy Transition Minerals said: “I think it certainly puts everything related to minerals back on the map.”
Kvanefjeld is among the world’s top three rare earth deposits outside China, capable of supplying up to 15% of global production of the critical components used in manufacture of consumer electronics and weapons, according to Mamadou.
For the rest of this article: https://www.reuters.com/markets/commodities/uranium-ban-repeal-greenland-could-revive-massive-rare-earth-project-licence-2025-02-11/