ETM’s Kvanefjeld Resource 65x Larger than Critical Metals (CRML) Tanbreez
Energy Transition Minerals (ASX: ETM) gained by 33.33% last night to $0.06 per share.
ETM's Kvanefjeld Project in Greenland has total resources of 1.01 billion tonnes grading 1.10% TREO for 11.14 million tonnes of contained Total Rare Earth Oxides (TREO).
Critical Metals (CRML)'s Tanbreez Project in Greenland has total resources of 44.87 million tonnes grading 0.38% TREO for 170,000 tonnes of contained Total Rare Earth Oxides (TREO).
ETM's Kvanefjeld Project has 65.53x more resources of TREO than CRML's Tanbreez Project.
CRML closed today with a market cap of US$1.37 billion or 14.48x ETM's market cap at $0.06 per share of US$94.584 million when ETM has 65.53x more TREO!
President Trump has no idea CRML even exists. Everything taking place in Greenland between the U.S. and China is centered around ETM's Kvanefjeld.
If you ask AI what the world's largest undeveloped REE resource is… it will always provide incorrect information and say CRML's Tanbreez is the largest, but it is all a lie!
Prior to CRML acquiring Tanbreez most of the work was done by one local geologist Gregory Barnes. When CRML acquired Tanbreez from Rimbal Pty Ltd., a company controlled by Gregory Barnes, there was a press release issued on July 23, 2024, (click here to read) and it said in this press release:
"Gregory Barnes and his Greenland-based team are expected to remain actively involved and engaged with Tanbreez, ensuring that the project benefits from their local expertise and deep understanding of the asset. Tanbreez management has estimated the resource at 4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides, with heavy rare earth elements comprising more than 25% of the resource, a notable differentiator for Tanbreez."
The AI is relying on this to give everyone false information… and everyone believes it!
This estimate of "4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides" is what one local guy in Greenland said who isn't qualified to calculate a resource estimate.
Early exploration at Tanbreez in the 1980s/1990s had a total of 296 holes drilled, but most of them were less than 20 metres deep. Between 2007 and 2013, Gregory Barnes' Rimbal drilled a total of 184 holes but totaling only 6,445.5 metres or 35 metres per hole. CRML itself in 2024-2025 did a diamond drilling program totaling ~4,580 metres in 33 diamond holes or 138.79 metres per hole.
This is nowhere near enough drilling to define a resource of "4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides".
The deepest documented Tanbreez drill hole we could find is drill hole DX-01 which intercepted 338 metres of 0.42% TREO.
For Gregory Barnes to estimate a resource of "4.7 billion tonnes, including 28.2 million tonnes of total rare earth oxides" he must be assuming that this one successful 338 metre drill hole will be the same for Tanbreez's full footprint of 5 km by 2.5 km or 12.50 sq km.
The bottom line is… CRML is being valued at US$1.37 billion when it is an unproven early-stage project that is nowhere near ready for development.
President Trump only cares about Energy Transition Minerals (ASX: ETM)'s Kvanefjeld Project.
Past performance is not an indicator of future returns. 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 3,700,000 shares of ETM and can buy or sell shares at any time. This message is meant for informational and educational purposes only and does not provide investment advice.