Energy Transition Minerals Ltd (formerly Greenland Minerals Limited,[1] ASX Code: ETM) is an ASX-listed company focused on the exploration, development and financing of minerals, and rare earths. The company’s current projects include the Kvanefjeld, located in Greenland, Villasrubias, located in Spain, and two Lithium projects located in the James Bay region in Canada.
Kvanefjeld project
The Kvanefjeld project is located near the southwest of Greenland consisting of multi-element deposit including rare-earth elements (REE), zinc, and uranium, within marginal phases of the ilimaussaq intrusive complex.[2] As at February 2015, the project has defined a total resource of 673 Mt @ 10,900 ppm TREO, 248 ppm U3O8, 10,000 ppm REO, 881 ppm Y2O3, 2,270 ppm Zn which contained 7.34 Mt TREO, 368 Mlbs U3O8, 1.53 Mt Zn using 150 ppm U3O8 cut-off. The project shows higher grade portions located close to the ground surface. ETM aims to produce light and heavy RE concentrates, zinc concentrate, uranium concentrate, large-scale output, and long life of mine in the project area.[2]