Greenland Minerals says it is focused on rare earths, not uranium
Doubts have risen over the future of the Kvanefjeld project as a left-wing party pledged on Wednesday its opposition after winning a parliamentary election.
Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets.
Company plans to complete a feasibility study next year, which will reveal whether the proposed $800 million, underground lithium-uranium mine can and should be built.
A mineral sands operation on the South African coast run by Rio Tinto has been closed since Friday due to violent community protests which saw a security guard killed earlier this week, the company and a union said on Wednesday.
MGX Minerals is rolling out technology that cleans and harvests lithium from wastewater generated by oil and gas – 80m barrels a day in North America alone.
It is not the first time Chinalco, China's biggest state-owned aluminium producer, has run afoul of the country's ever stricter environmental regulations.