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Energy Transition Minerals Ltd (ASX:ETM)

ALERT: Price-sensitive ASX Announcement for ETM
Current share price for ETM : $0.039 -0.018 (-31.58%)+
Announcement
Release
12 Jun 2026 8:24AM
Price at Release
$0.057
Full Release
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Summary
Energy Transition Minerals Ltd (ASX: ETM) announced significant findings from their 2025 exploration program in the Kvanefjeld exploration licence area in south-western Greenland. The company discovered ten new rare earth element (REE) mineralised target zones, including a prominent 1.8 km trend with uranium levels below Greenland’s regulatory threshold of 100 ppm. This trend, along with other findings, shows high concentrations of heavy rare earth elements such as dysprosium and terbium, which are crucial for magnet production. The discoveries resulted from geological mapping and rock chip sampling, revealing mineralised areas mostly comprising lujavrite and naujaite rock units. The fieldwork identified areas like mineralised trachyte, indicating new promising targets for further exploration. Despite these positive developments, ETM faces challenges as the Greenland government may not renew their exploration licence, which expired at the end of 2025.
Key Points
  • Ten new REE mineralised target zones discovered.
  • 1.8 km REE mineralised trend with low uranium levels identified.
  • High grades of heavy rare earth elements found, such as dysprosium and terbium.
  • Exploration focused on under-explored areas compliant with the Uranium Act.
  • Fieldwork included geological mapping and rock chip sampling.
  • Challenges due to potential non-renewal of exploration license by Greenland government.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.