Greenlanders will vote in March, with the potential for a political shift that could affect rare earth mining. The social-democratic Siumut Party aims to replace the ruling Inuit Ataqatigiit (IA) Party, which has banned uranium mining. Energy Transition Minerals hopes for favorable outcomes to boost economic independence for Greenland while navigating complex financial dynamics.
Greenland is poised for elections as pressure mounts from U.S. President Donald Trump for Denmark to relinquish sovereignty over the semi-autonomous island. Energy Transition Minerals, an Australian mining company, hopes the Siumut Party will replace the ruling Inuit Ataqatigiit (IA) Party in the upcoming March 11 election. Currently, they are part of a coalition, but Siumut has gained attention for promising to hold a referendum on independence from Denmark this year.
The future of rare earths mining in Greenland depends significantly on the outcome of the March elections. A shift in power from the IA to the Siumut Party could lead to a lifting of the uranium mining ban, benefitting both the territory’s economy and global supply chains. However, uncertainties remain regarding the financial viability of Energy Transition Minerals amid current market conditions and its ownership structure.
Original Source: www.gzeromedia.com
