New Risk • Apr 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$118.7m (US$82.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (AU$587k revenue, or US$408k). Minor Risk Market cap is less than US$100m (AU$118.7m market cap, or US$82.5m). Announcement • Mar 17
Energy Transition Minerals Ltd, Annual General Meeting, Apr 22, 2026 Energy Transition Minerals Ltd, Annual General Meeting, Apr 22, 2026. Location: at quest kings park, 54 kings park road, west perth wa 6005 Australia New Risk • Feb 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$14k). Announcement • Feb 06
Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 24.65 million. Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 24.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 189,615,384
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0065
Transaction Features: Subsequent Direct Listing Announcement • Jan 30
Energy Transition Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 29.292333 million. Energy Transition Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 29.292333 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 190,000,000
Price\Range: AUD 0.13
Discount Per Security: AUD 0.0065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,325,638
Price\Range: AUD 0.13
Transaction Features: Subsequent Direct Listing New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Nov 24
Energy Transition Minerals Ltd. Announces the Appointment of Stuart Ausmeier as Chief Financial Officer, Effective 1 December 2025 Energy Transition Minerals Ltd. announced the appointment of experienced mining and corporate finance executive Mr. Stuart Ausmeier as Chief Financial Officer ("CFO"), effective 1 December 2025. Mr. Ausmeier, who is based in Perth, is a qualified Chartered Accountant and Chartered Financial Analyst with over 23 years' experience. He was previously the CFO of ASX-listed iron ore producer Fenix Resources Limited, which underwent a phase of rapid growth during his tenure. Prior to that, he held multiple finance and treasury roles at an ASX-listed engineering company and worked at global investment bank NM Rothschild & Sons, where he focused on strategic advisory
mandates as well as global debt and equity capital market transactions across the mining industry. New Risk • Sep 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Minor Risk Market cap is less than US$100m (AU$138.6m market cap, or US$90.6m). Announcement • Aug 26
Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 8 million. Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 190,476,190
Price\Range: AUD 0.042 New Risk • Aug 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m (AU$20k revenue, or US$13k). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Aug 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 23% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m (AU$20k revenue, or US$13k). Minor Risk Market cap is less than US$100m (AU$142.7m market cap, or US$93.1m). New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$49k revenue, or US$31k). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (AU$113.2m market cap, or US$70.7m). Announcement • Feb 20
Energy Transition Minerals Ltd, Annual General Meeting, Apr 10, 2025 Energy Transition Minerals Ltd, Annual General Meeting, Apr 10, 2025. Announcement • Jan 21
Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 9.35 million. Energy Transition Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 9.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 137,500,000
Price\Range: AUD 0.068
Discount Per Security: AUD 0.00136
Transaction Features: Subsequent Direct Listing New Risk • Dec 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$49k revenue, or US$31k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$60.6m market cap, or US$37.8m). Announcement • Apr 09
Energy Transition Minerals Ltd, Annual General Meeting, May 29, 2024 Energy Transition Minerals Ltd, Annual General Meeting, May 29, 2024. Announcement • Dec 23
Energy Transition Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.148487 million. Energy Transition Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.148487 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,367,276
Price\Range: AUD 0.034
Transaction Features: Subsequent Direct Listing Announcement • Dec 20
Energy Transition Minerals Ltd Announces Cessation of Miles Guy as Chief Financial Officer Further to the announcement released on 15 December 2023, Energy Transition Minerals Ltd. advises under Listing Rule 3.16.1 that Mr. Miles Guy has ceased his position as Chief Financial Officer of the Company. Announcement • Dec 15
Energy Transition Minerals Ltd Announces Change of Company Secretary Energy Transition Minerals Ltd. announced that Mr. Miles Guy has resigned as Company Secretary. Mr. Robert James Krachler has been appointed as Company Secretary with effect from 14 December 2023. New Risk • Nov 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$370k revenue, or US$243k). Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (AU$49.0m market cap, or US$32.2m). Announcement • Nov 02
Energy Transition Minerals Ltd (ASX:ETM) entered into into a heads of agreement to acquire 100% interest in Solo and Good Setting lithium Projects in Quebec from Oliver Friesen for AUD 1.38 million. Energy Transition Minerals Ltd (ASX:ETM) entered into a heads of agreement to acquire 100% interest in Solo and Good Setting lithium Projects in Quebec from Oliver Friesen for AUD 1.38 million on October 31, 2023. In consideration the company will issue 43,000,000 fully paid ordinary shares in ETM, and the payment of AUD 25,000 in cash, to the Vendor or his nominee(s). Half of the Consideration Shares will be subject to voluntary escrow for six months from the date of their issue. The HOA is subject to and conditional on the Company obtaining any necessary shareholder and regulatory approvals, and consents necessary to give effect to the transaction (including any approvals required under the Quebec Mining Act). The HOA is otherwise on terms and conditions usual for such an agreement. The release was authorized by the Board of Energy Transition Minerals Ltd. Announcement • Oct 26
Energy Transition Minerals Ltd announced that it expects to receive AUD 0.05 million in funding Energy Transition Minerals Ltd announces private placement of 1,315,790 shares for gross proceeds of AUD 50,000 on October 24, 2023. New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$370k revenue, or US$235k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$48.8m market cap, or US$31.0m). New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (AU$372k revenue, or US$243k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$56.9m market cap, or US$37.3m). Announcement • Jan 17
Energy Transition Minerals Ltd Announces the Results of Aeromagnetic and Electromagnetic Survey Completed at the Villasrubias Lithium Project Energy Transition Minerals Ltd. announced the results of a aeromagnetic and electromagnetic survey completed at the Villasrubias lithium project. Villasrubias is located in the mining-rich Province of Salamanca in western Spain. Aeromagnetic results have identified several areas of lithium prospectivity to be targeted by an upcoming drill campaign. The aeromagnetic survey focused on an area of historic aplite and pegmatite mining, and where lithium, tin, niobium and tantalum have been identified by ETM. The geophysical survey was performed using two simultaneous measuring units, a GEM GSMP-35U proton magnetometer installed on a hexacopter drone using a constant height and a 100ms sampling interval with a measuring range of 20,000 to 120,000 nT; and a potassium magnetometer GEM Gsmp-40 with the same measuring range and a sampling interval of 1 sec for the base unit. The total magnetic field and the subsequent pole reduction defined two magnetically differentiable zones (zones A and B), which correspond to lithologically and geochemically differentiated blocks, the pegmatite source (two mica granite) and the host rock of the pegmatite dykes that are metasediments (graywacke and shales). The known lithium and tin-bearing pegmatite dyke at Villasrubias is located in block B (east). The trace of this intrusive dyke is associated with a zone of lower magnetic susceptibility with respect to the surrounding rock, which enables the interpretation of other potential dykes that have not been previously identified. In Block B, at least four other low relative susceptibility trends have been defined, indicating the potential presence of additional dykes. These trends follow two preferred orientations (145deg and 55deg). The modelled TILT derivative corroborates with the total magnetic field with reduction to the pole (TMFRP) data, highlighting the contact zones between bodies with different magnetic character. The 3D inversion defines the morphology of the bodies that may relate to lithium- bearing aplite or pegmatite dykes. The modelling suggests sub-vertical dips whilst depth of the bodies range between 5 and 150 m. Following the successful completion of the geophysical survey, a drilling program of at least 10 holes with depths ranging between 100 and 200m is planned, expected to commence in January 2023. Announcement • Jan 14
Energy Transition Minerals Ltd. Announces Aeromagnetic Results from Villasrubias Have Identified Several Areas of Lithium Prospectivity Energy Transition Minerals Ltd. announced the results of a aeromagnetic and electromagnetic survey completed at the Villasrubias lithium project. Villasrubias is located in the mining-rich Province of Salamanca in western Spain. Aeromagnetic results have identified several areas of lithium prospectivity to be targeted by an upcoming drill campaign. The aeromagnetic survey focused on an area of historic aplite and pegmatite mining, and where lithium, tin, niobium and tantalum have been identified by ETM. The geophysical survey was performed using two simultaneous measuring units, a GEM GSMP-35U proton magnetometer installed on a hexacopter drone using a constant height and a 100ms sampling interval with a measuring range of 20,000 to 120,000 nT; and a potassium magnetometer GEM Gsmp-40 with the same measuring range and a sampling interval of 1 sec for the base unit. The total magnetic field and the subsequent pole reduction defined two magnetically differentiable zones (zones A and B), which correspond to lithologically and geochemically differentiated blocks, the pegmatite source (two mica granite) and the host rock of the pegmatite dykes that are metasediments (graywacke and shales). The known lithium and tin-bearing pegmatite dyke at Villasrubias is located in block B (east). The trace of this intrusive dyke is associated with a zone of lower magnetic susceptibility with respect to the surrounding rock, which enables the interpretation of other potential dykes that have not been previously identified. In Block B, at least four other low relative susceptibility trends have been defined, indicating the potential presence of additional dykes. These trends follow two preferred orientations (145deg and 55deg). The modelled TILT derivative corroborates with the total magnetic field with reduction to the pole (TMFRP) data, highlighting the contact zones between bodies with different magnetic character. The 3D inversion defines the morphology of the bodies that may relate to lithium-bearing aplite or pegmatite dykes. The modelling suggests sub-vertical dips whilst depth of the bodies range between 5 and 150 m. Following the successful completion of the geophysical survey, a drilling program of at least 10 holes with depths ranging between 100 and 200m is planned, expected to commence in January 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Ed Mason was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
Greenland Minerals Limited Announces Update on Arbitration Concerning the Kvanefjeld Project Greenland Minerals Limited advised the Arbitration Tribunal has issued an Interim Award dismissing the Company's request for interim measures against the Greenland Government to maintain the status quo and ensure that the legal process for determination of the Company's exploitation licence application is respected while the arbitration is ongoing in Copenhagen. As previously announced, the Company submitted its application for interim measures on 24 June 2022 ('IM Application'), after the Company received notification from the Greenland Government that it would proceed to decide the Company's longstanding application for an exploitation licence in respect of the Kvanefjeld Project. Amongst other things, the IM Application sought to restrain the Greenland Government from issuing a final decision on the Company's exploitation licence application until the arbitration is concluded and to ensure the Company's continued title to the exploration licence EL2020-02. On 22 July 2022, the Greenland Government issued a Draft Decision proposing to reject the Company's exploitation licence application on the basis of the so-called 'Uranium Act' of 1 December 2021. After the Draft Decision was issued, the Company provided its preliminary comments (within the 4-week period of consultation stipulated by the Greenland Government) and requested an extension of time and access to the file containing all relevant material upon which the Draft Decision is based. See the Company's announcements of 26 July 2022 and 31 August 2022. TheCompany is yet to receive any response to these requests. In its Interim Award of, the Tribunal declined the Company's IM Application on the basis that: 'Naalakkersuisut [the Greenland Government], has already made a draft decision to this effect on 22 July 2022 [rejecting the exploitation licence application], and this draft decision has been publicized. In the Tribunal's view, interim measures of the nature sought by Claimant generally only serve a purpose if it is possible to "freeze" a situation to maintain the status quo. In this case, the decision that the Claimant seeks to prevent by its Application has effectively already been taken, albeit in a draft form, and is in the public domain'. The Company notes that it previously requested a temporary order to restrain the Greenland Government from issuing the Draft Decision, but this temporary order was declined by the Tribunal, in a majority decision dated 21 July 2022 (one of the three arbitrators disagreed with the majority and said the temporary order should be granted). Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Ed Mason was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 22
Greenland Minerals Limited Announces Executive Changes Greenland Minerals Limited announced appointment of Mr. Mark Stephen Saxon as Non-Executive Director of the Company effective 24 August 2022. Mark has over 25 years of industry experience with a strong geological and technical background. He is an Honours BSc graduate in Geology from the University of Melbourne and received a Graduate Diploma of Applied Finance and Investment through the Financial Services Institute of Australasia. He is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mark is presently CEO of Canadian-listed Medallion Resources Ltd, focused on the development of REE processing technologies; he is the CEO of Aguila Copper Corp. a Canadian public company dedicated to copper exploration in North America. He is part time Executive Director of ACDC Metals Ltd. and Non-Executive Director of NorTech Strategic Minerals Ltd. Anthony Ho who is currently a Non-Executive Director and Chairman of the Audit Committee will step down from the board on 31 August 2022. Recent Insider Transactions • Apr 27
MD & Director recently bought AU$78k worth of stock On the 20th of April, Daniel Blanco bought around 1m shares on-market at roughly AU$0.078 per share. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Ho was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
Greenland Minerals Limited Announces Board and Committee Changes Greenland Minerals Limited announced appointment of Mr. Ed Mason as Non-Executive Chairman of the Company effective 19 April 2022. Ed Mason has significant experience in developing and financing large mining and energy projects. He started his career as an engineer and project manager for Fluor Corporation. Ed is currently founder and corporate advisor for JE Capital, founder and managing director of Jet Zero Australia and Non-Executive Director of Blackspur Oil & Gas. The following board changes are also announced. Simon Cato has resigned as a Non-Executive Director but will continue as an advisor to the Company for a 6-month term pursuant to a consultancy agreement on the same fee as he was receiving as a director of the Company and Anthony Ho will step down as Non-Executive Chairman and continue as a Non-Executive Director and appointed Chairman of the Audit Committee until 31 August 2022. Mr. Ho will then resign as a director and continuing as an advisor to the Company for a 6-month term pursuant to a consultancy agreement on the same fee as he was receiving as a director of the Company. Reported Earnings • Mar 31
Full year 2021 earnings released: AU$0.069 loss per share (vs AU$0.003 loss in FY 2020) Full year 2021 results: AU$0.069 loss per share (down from AU$0.003 loss in FY 2020). Net loss: AU$93.1m (loss widened AU$90.1m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 148 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 11
First half 2021 earnings released First half 2021 results: Net loss: AU$1.33m (loss narrowed 7.6% from 1H 2020). Announcement • Jun 01
Greenland Minerals Ltd Announces That the Government of Greenland Has Provided an Update on the Statutory Public Consultation for the Kvanefjeld Rare Earth Project Greenland Minerals Ltd. advised the Government of Greenland has provided an update on the statutory public consultation for the Kvanefjeld rare earth project, with the consultation period previously scheduled to conclude on 1 June now extended to 13 September 2021. The government has stated the extension is to enable further public meetings to take place that will have political representation. The first round of public meetings, held in south Greenland in February 2021, were attended by representatives of Greenland's Ministry for Mineral Resources, the Environmental Agency for Mineral Resource Activities and the Danish Centre for Environment, but did not have political representation. The next series of public meetings will be held in Igaliku, Nanortalik, Narsaq, Narsarsuaq, Qaqortoq and Qassiarsuk in southern Greenland during weeks 34 and 35. These meetings will have political (key Ministers), administrative and company representation. The government has also confirmed subsequent casework on the processing of the Kvanefjeld exploitation license application will be completed, which involves the preparation of a White Paper based on consultation responses. Public consultation is a statutory process for mining projects in Greenland, completed over a minimum of eight weeks. The consultation process for the Kvanefjeld project was initiated by the previous Greenland government on 17 December 2020, after the exploitation license application was accepted as meeting Greenland's Guidelines for Public Consultation. Environmental and Social Impact Assessments completed for Kvanefjeld are key application documents and these have been through an extensive, thorough review-revision process over a five- year period by the Greenland government and their independent scientific advisors. The Company looks forward to updating further on the statutory public consultation process. The Kvanefjeld Rare Earth Project is one of the most significant and advanced emerging rare earth projects globally. The Project is unique with respect to its favourable metallurgy and forecast production profile across all commercially important rare earths. Kvanefjeld is located near existing infrastructure in southern Greenland with year-round direct shipping access to the project area. Rare earth elements are critical to the electric vehicle revolution and renewable energy, as well as many other energy efficient applications. The Kvanefjeld Project is forecast to be a globally significant producer of all commercially important rare earth elements including neodymium, praseodymium, terbium and dysprosium, over an initial 37-year mine life. These rare earths are used to make high powered permanent magnets that are utilised in electric vehicles and wind turbines, along with many other applications. Kvanefjeld is well-placed to meet the major surge in rare earth demand that will be generated by the transition to electric vehicles, along with growth in renewable energy. The development strategy, or project scope, for the Kvanefjeld project was established following extensive stakeholder engagement at both a community and government level. A White Paper that addresses the project `Terms of Reference' was approved in late 2015. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS AU$0.003 (vs AU$0.002 loss in FY 2019) Full year 2020 results: Net loss: AU$3.08m (loss widened 7.9% from FY 2019). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Greenland Minerals Ltd Confirms the Status of the Kvanefjeld Project Greenland Minerals Ltd. confirmed the status of the Kvanefjeld Project, as a result of queries from shareholders. The status of the Project remains namely the public consultation process that was initiated by the Greenland Government on 18 December 2020 was extended until 1 June 2021. An update on the public consultation is set out below. The Company is aware of recent political developments in Greenland and is staying informed. Specifically, there has been a change to the current coalition government in Greenland. The Democrat party, a minority coalition member, recently withdrew from the governing coalition, leaving the Siumut and Nunatta Qitornai Parties as a minority government. The Company will keep the market informed in the event of any material Project developments. GML continues to actively engage a broad cross section of both government, and community stakeholders in Greenland. To date, the Company has systematically and effectively advanced the Kvanefjeld Project under all successive governments since the commencement of operations in Greenland in 2007. Public Consultation Update: As an important part of the broader public consultation process a series of official public meetings for the Kvanefjeld Project were held in three major towns (Narsarsuaq, Qaqortoq, and Narsaq) in southern Greenland between February 5th to 9th. The meetings were managed by the Greenland government's administration and were attended by representatives of the Ministry for Mineral Resources, the Environmental Agency for Mineral Resource Activities (EAMRA), a representative of the Danish Centre for Environment (DCE independent advisor to the Greenland Government), and representatives from Greenland Minerals. The meetings represent an important part of the stakeholder engagement process to discuss and explain the outcomes of the environmental and social impact assessments (EIA, SIA). Importantly, no issues were raised that have not been thoroughly addressed in the impact assessments. Company representatives are planning for further meetings in the coming weeks to continue the engagement process. Is New 90 Day High Low • Feb 09
New 90-day low: AU$0.20 The company is down 29% from its price of AU$0.29 on 11 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: AU$0.30 The company is up 2.0% from its price of AU$0.29 on 23 October 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 22% over the same period. Announcement • Dec 20
Greenland Minerals Limited Announces Kvanefjeld Public Consultation to Commence Greenland Minerals Ltd. (`GML' or `the Company') announced that the Greenland Government on the 17th of December 2020 has accepted that the key application documents for an exploitation (mining) license, meets the Greenland Guidelines for public consultation. The Government has approved the commencement of the statutory public hearing of the Environmental Impact Assessment (EIA) and the Social Impact Assessment (SIA). This is an important milestone in the Greenlandic Government's formal decisionmaking process in relation to the issuance of an exploitation license for the Kvanefjeld Project. The hearing documents consists of the Environmental and Social Impact Assessments in English, Greenlandic and Danish. The studies have been through comprehensive reviews by the Greenland Government and their advisors and have been accepted as meeting the Greenland Guidelines. The Greenlandic Minerals Act stipulates that it is a requirement that the EIA and SIA reports are subject to a public consultation. The Kvanefjeld Rare Earth Project is one of the most significant and advanced emerging rare earth projects globally. The Project is unique with respect to its favourable metallurgy and forecast production profile across all commercially important rare earths. Kvanefjeld is located near existing infrastructure in southern Greenland with yearround direct shipping access to the project area. The scope of the Kvanefjeld Project impact assessments was defined by the Terms of Reference that were approved in 2015, following public consultation. Rare earth elements are critical to the electric vehicle revolution, as well as many other energy efficient applications. The Kvanefjeld Project is forecast to be a globally significant producer of all commercially important rare earth elements including neodymium, praseodymium, terbium and dysprosium, over an initial 37year mine life. These rare earths are used to make high powered permanent magnets that are utilised in electric vehicles, along with many other applications. Kvanefjeld is wellplaced to meet the major surge in rare earth demand that will be generated by the transition to electric vehicles, along with growth in renewable energy. Greenland Minerals Ltd. has an internationally diverse shareholder base. The largest shareholder (9.5%) is Shenghe Resources Holding Co Ltd, a leading international rare earth company that supplies enduser industries globally with high purity rare earth metals and oxides. Shenghe have also played a key role in the successful restart of the Mountain Pass rare earth mine in the United States. Shenghe bring full rare earth value chain proficiency to the Kvanefjeld Project. Is New 90 Day High Low • Oct 12
New 90-day high: AU$0.33 The company is up 141% from its price of AU$0.14 on 14 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. Announcement • Oct 07
Greenland Minerals Ltd to Update on Continued Development of the Optimised Flotation Process for the Kvanefjeld Rare Earth Project Greenland Minerals Ltd. to update on continued development of the optimised flotation process for the Kvanefjeld Rare Earth Project. Locked cycle flotation test work has been underway at the BTMR laboratories in China through 2020, overseen by rare earth specialists Shenghe Resources Holding Co Ltd. Locked cycle test work closely represents the performance of a commercial circuit and builds on extensive single batch flotation and initial locked cycle tests. The results have been validated with check assays undertaken at SGS Laboratories in Perth, Australia and an independent Chinese assay laboratory. The process development has progressed to the extent where conditions comparable to that of a commercial plant are to be tested. Announcement • Sep 24
Greenland Minerals Limited Provides Update on Kvanefjeld Rare Earth Project Greenland Minerals Limited provided update on important progress on the permitting of the Company's 100% owned Kvanefjeld Rare Earth Project. Greenland's Environmental Agency for Mineral Resource Activities (EAMRA) has advised the Company that the independent scientific reviews of the Kvanefjeld Environmental Impact Assessment (EIA) and supporting studies have concluded, and the EIA has been assessed to meet the requirements of the EIA Guidelines for public consultation. Fulfilment of the Guidelines means that all aspects of the Kvanefjeld Project are based on international environmental standards and the principles of Best Available Technology and Best Environmental Practice. Independent scientific reviews of the Kvanefjeld EIA were conducted by the Danish Centre for Environment with assistance from the Greenland Institute of Natural Resources. Greenlandic and Danish versions of the EIA report are required for the EIA acceptance to be formalised. Translations are expected to be completed in October. The Ministry of Mineral Resources then tables the necessary reporting documentation (Environmental and Social Impact Assessments, Maritime Safety Study) that constitutes an exploitation license application and a public consultation phase will be scheduled. In their assessment, EAMRA stated that they were very satisfied with how the review-revision process has been conducted with a high degree of mutual flexibility and cooperation. With the EIA technical review-revision phase concluded, the Company looks forward to updating on the timing of a public consultation phase, and subsequent steps to complete project permitting. 