Metals
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Latest News
Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Arizona Gold and Silver new Director Yale Simpson sees major upside at Philadelphia Project|Gold price will approach $5,000/oz in 2026, $5,300/oz in 2027 on ‘uncertainty, de-dollarization, and debasement concern’ – RBC|Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’|Gold looks cheap as debt, inflation and uncertainty threaten fiat currencies - Matthew Jones|Power Metallic Mines: Why are Four Billionaires Backing this Junior Copper Story?|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Arizona Gold and Silver new Director Yale Simpson sees major upside at Philadelphia Project|Gold price will approach $5,000/oz in 2026, $5,300/oz in 2027 on ‘uncertainty, de-dollarization, and debasement concern’ – RBC|Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’|Gold looks cheap as debt, inflation and uncertainty threaten fiat currencies - Matthew Jones|Power Metallic Mines: Why are Four Billionaires Backing this Junior Copper Story?|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|
Back to News
Latest News

Greenland blocks Australian miner's request for licence renewal over uranium ban

Greenland blocks Australian miner's request for licence renewal over uranium ban
29 June 20265 Mins read

COPENHAGEN - Greenland said on Friday it has rejected an application from Greenland Minerals, a unit of Australia's Energy Transition Minerals (ETM), to renew its exploration licence for the Kuannersuit rare-earths project.

"Further exploration in the area is not deemed likely to lead to the discovery of deposits that can be exploited in accordance with the Uranium Act," the government said in a statement.


In 2021, the then-ruling Inuit Ataqatigiit party in Greenland banned uranium mining, effectively halting development of the Kuannersuit rare-earths project, also known as Kvanefjeld, which has uranium as a byproduct.

ETM said in April it had received a draft decision from the Greenland government indicating that the mineral resources ministry intended to recommend that the application be declined.


The Australian miner said in an emailed statement its project would bring jobs, training and revenue to Greenland and the town of Narsaq.

"Greenland has positioned itself as open for business. This decision creates a different impression," ETM said.

It added that Greenland's Ministry of Mineral Resources had its application for nine months before giving the company 48 hours to respond to technical geological assessments, refusing a one-week extension.

"The compressed timeframe meant the decision did not take account of ETM's recent exploration results, which identified new mineralised zones across the wider licence area," it added.

Mute Egede, Greenland's Minister of Foreign Affairs and Mineral Resources, said on Facebook the government had made the decision based on legislation passed by parliament.

"At the same time, we are listening to the people — especially in South Greenland — who have made their position clear for many years. We remain committed to the course Greenland has chosen," said Egede, who was Prime Minister when the uranium mining ban was imposed in 2021. 

Our Trusted Brands

Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake
Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake

News & Updates

Subscribe to Our Latest News & Updates