Our Story

Greenland Minerals and Energy Limited comprises a diverse team of minerals industry professionals with a shared vision. That vision is to discover and advance mineral resource projects through technical excellence and solid business and financial management, thereby generating wealth for our shareholders. We view the minerals industry as a global one, and in our assessment of favorable destinations for mineral exploration, Greenland meets all our criteria.

Greenland is a stable geopolitical region that is embracing natural resource development as the future foundation of its economy. It is highly prospective for a wide range of commodities, and remains grossly underexplored. Much of Greenland’s interior is covered by an icesheet, however, coastal areas are well exposed and provide a transect across the diverse geology of Greenland, exposing numerous mineral belts.

Our foray into Greenland commenced with the acquisition of an exploration license over the northern Ilimaussaq Intrusive Complex; a geological entity with extroidinary potential for specialty metal (particularly Rare Earth Elements) and uranium resources. Historic exploration within the licence area was conducted by Danish government agencies and focussed on a region known as Kvanefjeld Plateau, where an initial uranium resource had been defined in the 1970's.  During this phase of work, uranium concentrations were obtained by spectral logging of drill cores, rather than geochemical methods. As a result, concentrations of other minerals of economic interest in the deposit remained largely unknown, along with the true value of the ores. Our team evaluated the geological setting and characteristics of the deposit, and concluded that it was potentially a lot more than a modest uranium occurrence, and that it was likely to represent a resource of a far larger scale that could contain economic concentrations of numerous other metals, particularly Rare Earth Elements (REEs). Since acquiring the project in mid-2007, aggressive exploration has proved this to be correct, and Kvanefjeld is now recognised as one of the world's largest undeveloped resources of rare earth elements and uranium. The ores are also strongly enriched in zinc and sodium fluoride. Several other highly prospective zones within the license area await drill testing, emphasing the extroidinary resource potential of the Ilimaussaq Complex.

While there exists a perception that Greenland is remote, and logistically challenged, there are many inherent benefits to the natural geography of Greenland. Firstly, it is strategically located between North American and European markets. Southern Greenland is located at a lower latitude than much of Alaska, and the Yukon and Norwest Territories of Canada – all regions popular amongst mineral explorers and miners. Deep water fjords cut into the coastal fringes of Greenland meaning that most areas suitable for exploration are close to potential deepwater port facilities. The main source of power in Greenland is hydroelectricity, which has the scope to be expanded to facilitate large mining operations. We have no doubt that Greenland will soon be a global hot spot for mineral exploration and development.