ETM Raises $24.7M as Trump Finalizes Greenland Rare Earth Framework
Energy Transition Minerals (ASX: ETM) has just successfully raised $24.7 million to advance Kvanefjeld in Greenland ahead of the February 10th Hispanic Prosperity Gala at Mar-a-Lago where Australia’s richest person Gina Rinehart is Honorary Chairwoman and NIA’s President is Honorary Chairman. NIA’s President has just added 100,000 ETM shares to his position this evening! ETM is now sitting on a huge cash position of $56.59 million! President Trump is about to finalize his Greenland Framework for Rare Earth Elements, which will result in a rapid upward revaluation for ETM in the weeks and months ahead… with ETM’s NASDAQ listing planned for later this year!
The Australian has just published the following article:
Energy Transition Minerals secures $24.7 million to advance Greenland rare earths
Special Report: With interest in Greenland’s rare earths reaching fever pitch, Energy Transition Minerals’ Kvanefjeld project has drawn fresh investments of $24.7 million.
- Binding commitments to raise $24.7 million at 13c per share
- Proceeds to support in-country activities in Greenland, US supply strategy and Penouta tin-tantalum-niobium mine acquisition
- Strong war chest with $56.59 million upon completion of placement
The company says its placement — at 13c a share — drew strong support from new and existing shareholders.
The fresh funding brings ETM’s total cash on hand to a healthy $56.59 million, capital the company intends to channel toward development of its Kvanefjeld REE project, the acquisition of the Penouta tin-tantalum-niobium mine and strategic engagement with US critical minerals policy.
Energy Transition Minerals (ASX: ETM) Managing Director and CEO Daniel Mamadou-Blanco said the company was delighted with the response to its capital raising, which reflected strong market support for its strategy to become a Western platform for critical minerals supply and to further align with global capital markets.
“Our Western-oriented supply chain platform is taking shape. Penouta, once restarted, will be a sustainable source of conflict-free coltan and tin for the market. Kvanefjeld, once permitted, is a potentially transformative project which stands as a cornerstone of Greenland’s economic future,” he said.
“The project, which has been designed to meet the highest environmental and social standards, has the potential to create thousands of jobs and contribute billions in taxes and royalties — making a generational impact on the people of Narsaq and the surrounding areas.”
Supporting sustainable energy transition
Rare earths form one of the key inputs to many energy transition-critical technologies, including permanent magnets for high-performance electric motors and rotor-less drives. Tin supports renewable infrastructure durability and is a key anode material in both sodium-ion and solid-state batteries. Tantalum plays a high-impact role in defence and advanced electronics.
Mamadou-Blanco said the proceeds of the capital raise would strengthen ETM’s balance sheet, allowing the company to progress development of its portfolio of critical metals projects including the Kvanefjeld REE asset in Greenland and the Penouta tin and tantalum asset in Spain.
“We are witnessing a reconfiguration of critical supply chains, and rare earths in particular, where the centre of gravity is edging West. There is still a lot of ground to cover, but there are clear signs the ecosystem is now operating in sync across stakeholders,” he said.
Energy Transition Minerals is also considering a separate placement to OCJ Investments, offering the firm the opportunity to subscribe for shares equalling the pro-rata equivalent of 15.38%.
The offer, made in accordance with OCJ’s right to request up to a pro-rata equivalent of its holding in certain equity placements, will be subject to shareholder approval at an EGM to be held before March 30.
Past performance is not indicative of future results. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA’s President has purchased 1,300,000 shares of ETM and may buy or sell shares at any time. This communication is for informational and educational purposes only.