Greenland Minerals received firm commitments from institutional, professional and sophisticated investors to raise $30 million (before costs).
Greenland Minerals Ltd has received encouraging results from the recent advanced locked cycle flotation test work. The results demonstrate significant recoveries in mineral concentrate. 87% of the light REs, as well as 68% of the heavy REs, were amassed into a mineral concentrate. This concentrate assays 23.3% RE oxide (REO). Besides total REO recovery was reported to be 85% (earlier 80%).