Greenland: Siltanews – News Desk
European Lithium made waves after uncovering substantial rare earth oxides in Greenland’s Tanbreez project – a finding that could significantly enhance its mineral prospects.
European Lithium is poised to cement its role in the rare earth market after the discovery of promising resources at Greenland’s Tanbreez project. Historical data confirmed total rare earth oxides with 26% being heavy rare earth oxides – key for mining utility. While results are encouraging, the company remains cautious about economic feasibility, noting not all of the 4.7 billion tonne rock may be profitable. A 2025 drilling program aims to upgrade resource classification and potentially expand Tanbreez. With shares up over 6%, European Lithium benefits from growing investor confidence, bolstered by its 7.5% stake and near-majority ownership in Critical Metals, heavily invested in Tanbreez.
European Lithium’s recent find has re-energized the rare earth sector, hinting at lucrative returns if the deposits prove economically viable. The stock’s rise over 6% signals investor optimism, as the market anticipates that further exploration might boost the firm’s standing in the ever-growing rare earth arena.
As the world scrambles to secure essential materials for the green transition, European Lithium’s move in Greenland highlights the broader trend of diversifying mineral sources. With geopolitical tensions spotlighting the need for stable supply chains, this project could play a key role in securing Europe’s energy future, reinforcing the region’s commitment to sustainable growth.