AuKing Mining has signed a binding term sheet to earn up to 75% interest in the Qeqertaasaq niobium and rare earths project in West Greenland. The agreement provides a staged pathway to ownership, leveraging a significant historical database of over 10,000m of drilling.
Greenland Mines Ltd. has applied for a new license in West Greenland to more than double its footprint in the Sarfartoq rare earth district. The company's ST1 deposit currently holds an S-K 1300 resource of 12.2 million tonnes at 1.32% TREO, with high-case economics supporting a $2.05 billion NPV.
Greenland Mines Ltd has applied for a new 262 km² license to expand its Sarfartoq rare earth project in West Greenland, more than doubling its total control area. The company also highlighted a recent S-K 1300 compliant Mineral Resource Estimate for the ST1 deposit, which includes 6.9 Mt of Indicated and 5.3 Mt of Inferred resources at 1.32% TREO combined.
