• 0 Posts
  • 213 Comments
Joined 3 years ago
cake
Cake day: June 18th, 2023

help-circle




  • Yes. Invasion is not necessary to extract them. Money is.

    In June, the US Export-Import Bank offered a $120 million loan to advance the development of the $290 million Tanbreez rare earth project in Southern Greenland. That same month, Denmark’s Export and Investment Fund (EIFO) increased its shareholding in Canada’s Amaroq Minerals, owner of a portfolio of critical minerals properties in Southern Greenland

    In January, GreenRoc Strategic Materials, a developer focused on graphite in Greenland, announced that EIFO had expressed an interest in providing funding for its Amitsoq graphite project in Southern Greenland. The Amitsoq project was subsequently designated as an EU strategic project, granting access to funding and support from EU Member States and financial institutions.

    Hammeken-Holm welcomed these developments, adding that foreign investment is critical for overcoming Greenland’s significant environmental and logistical challenges. SOURCE