- cross-posted to:
- technology@lemmy.ml
- world@lemmy.world
- cross-posted to:
- technology@lemmy.ml
- world@lemmy.world
22 July 2026. GreenX Metals Limited (ASX:GRX, LSE:GRX, GPW:GRX, Germany-FSE:A3C9JR) (GreenX or the Company) is pleased to announce that fieldwork has commenced at its Eleonore North project in East Greenland (Eleonore North or Project). The exploration program is targeting gold (Au), tungsten (W), and antimony (Sb).
GreenX’s Chief Executive Officer, Mr Ben Stoikovich, commented: “Greenland is an exciting frontier for GreenX, and this program advances a portfolio of gold, tungsten and antimony targets that has seen very little modern exploration.
Tungsten and antimony are critical raw materials for both the European Union and the United States, and Eleonore North gives us high-grade occurrences of both in a stable Western jurisdiction at a time when supply is heavily concentrated in China. Importantly, the tungsten and antimony mineralisation has a surface expression, which allows us to make rapid progress in expanding the known mineralisation and generating additional targets.
This year we are in the field to advance our existing prospects, including the Noa Pluton gold-antimony target and the North and South Margeries deposits. At the same time, our growing understanding of intrusion-related gold systems in the region has enabled us to identify a number of new targets.’’
You must log in or # to comment.
All of these raw materials are found all over the place. They aren’t exactly rare, they are just rare when compared to something like iron. The reason China dominates these fields isn’t because of their mining capabilities, it’s their processing facilities. They invested billions of dollars on the infrastructure when most western countries refuse to invest in themselves because rich people refuse to pay taxes.
Any company claiming they’ve found a mining source that can make any country a dominant producer is just trying to attract VC funding.
Can you rephrase that in a way that makes any sense? There are many words in your post yet they make no sense together.
I’ll give you the benefit of the doubt since it seems like English isn’t your first language.
Finding sources of rare earth minerals is easy. Mining those resources is easy. Processing those minerals into actual usable material is the complicated and expensive part. Investing in that part of the process is how China cornered the market.
So claiming a new mining company is going to break China’s hold over the rare earth material market is incredibly stupid.
The only one mentioning “breaking China’s hold” is you in this thread. Which only strengthens my point that you sound like an insecure about “Chinese dominance” Chinese troll farm employee even if I don’t take into consideration your quite telling username.
The only one mentioning “breaking China’s hold” is you in this thread.
Did you not read the article you posted?
You have also referenced competing with China several other times in this thread…
insecure about “Chinese dominance”
It would be nice if there were something to be insecure about. That would personally benefit me as I live in the US. I would welcome an influx of production based employment, but we’re too busy giving tax breaks to oil tycoons.
Chinese troll farm employee even if I don’t take into consideration your quite telling username.
Lol, you are a fucking idiot. Transcendentalism is a philosophical movement that began in the US in the late 1820’s. Please enlighten me…what is so telling about my username?
Well. Working hard on the, “The USA needs Greenland for our national defense” excuse again, I see.
Who is working? I’m European from Poland. GreenX is Australians mostly. Alternative source of tungsten needed for sensors used in medicine equipment is well, China. Are you in league with China? I’m certainly not.
So some Murdoch nerd paid foreigners to astroturf?
I’m sorry to inform you that Murdoch has zero influence over me here in Europe. But I can understand that certain “(pseudo)anarchist/(pseudo)green circles” prefer Europe remains dependent on purchase of minerals from China and Russia. As Eastern European I can comment that only in one way “IDI NAKHUY”.
GreenX is a cheeky name. You can’t greenwash mining.
…and anyone trying is a sh*tter. Screw these guys !
We can do it much greener than China tho. And we need a lot of metal to transform from oil/coal to solar/nuclear. Do you prefer we buy that metal from China or even do nothing and remain dependent on oil and coal for another century or two? Remember that huge portions of Asia and Africa also needs metals to build ANY electric infrastructure as people in many parts of the world still have ZERO access to electric power lines and light their homes with kerosene lamps.
There are more decisions than just “we do it or CHINA will!”
You are trying to create a boogeyman where there isn’t one. Fear isn’t a good reason to plunder Greenland when major metal suppliers like Brasil, Germany, and Russia exist. Get out of here with your fake ass urgency
and Russia
I knew it. Go shill for Kremlin somewhere else.
Go shill for Kremlin somewhere else.
It sounds like you are shilling for the Epstein class in the West. ewdr…
>if you are against Kremlin you are pro [insert whatever group that would make your interlocutor sound evil]
OK, Ivan (or Chang given your history of sucking off China). Have 15 kopeykas and IDI NAKHUY. We are still not going to buy from Russia or China.
