Greenland Mines Welcomes EU Selection of Neo Performance Materials’ Silmet 2.0 as Strategic Project; Highlights Sarfartoq’s Potential Role in Secure Transatlantic Rare Earth Supply
The European Commission selected Neo Performance Materials' Silmet 2.0 rare earth separation upgrade as one of 46 EU Critical Raw Materials Act Strategic Projects, and Greenland Mines welcomed the decision. Neo is a strategic shareholder in Greenland Mines and holds offtake rights for up to 60% of future Sarfartoq ore or concentrate production, positioning Sarfartoq as a potential Greenland-to-Europe rare earth feedstock source. The company also cited the Sept.
Key figures
- Offtake right pct
- up to 60% of future Sarfartoq ore or mineral concentrate production
- Strategic projects selected
- 46
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