Greenland Minerals gets target price hiked by euroz after regulatory de-risking of kvanefjeld

09 October 2020

Greenland Minerals recently reached an important milestone in the permitting progress for its Kvanefjeld Rare Earth Project, with the Environmental Impact Assessment (EIA) accepted for public consultation.

Greenland’s Environmental Agency for Mineral Resource Activities (EAMRA) has advised the company that the independent scientific reviews of the Kvanefjeld EIA and supporting studies have concluded.

Following this update, West Australian based stockbroker Euroz has increased its 12-month price target for GGG to 52 cents per share (current share price: 28 cents) owing to the regulatory de-risking of the project and revision of key assumptions within Euroz’s financial model.

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