Report: Large potential for critical minerals in Greenland and the Nordic countries

Eudialyte from Kringlerne in South Greenland contains rare earth metals. Photo: A. Juul-Nielsen, Ministry of Mineral Resources and Justice

Eudialyte from Kringlerne in South Greenland contains rare earth metals. Photo: A. Juul-Nielsen, Ministry of Minerals Resources and Justice.

A report commisioned by Nordic Innovation under the Nordic Council of Ministers confirms the large potential in Greenland regarding critical minerals. The report concludes that almost the entire ice free area in Greenland holds potential.

Critical minerals are in demand by the industry, but often precent challenges in establishing reliable supply chains. The list of critical minerals may therefore change according to supply and demand as well as technological developments. At the present time critical minerals are in particular focussed on the green energy transsition, computers, mobile phones, batteries and electrical vehicles.

The report comprises data from Greenland, Denmark, Iceland, Norway, Sweden and Finland. The reports lists a number of recoomendations focussed on strengtening the Nordic cooperation regarding critical raw materials such as: Resource potential mapping, geological mapping, a shared nordic database and research in energy optimization and process technology.

Already, there are several exploration and mining projects in Greenland focused on a number of the critical minerals such as: Cobalt, Graphite, Niobium, Platinum Group Metals, Rare Earth Metals, Tantalum, Titanium and Vanadium. However, these projects only cover comparatively small areas of the prospective areas, so the potential for new discoveries are significant. In addition, the report states the potential for Hafnium, Lithium and Silicon metals as high even though these minerals have not seen focused exploration efforts in Greenland so far.

” It has again been confirmed that Greenland is rich in critical minerals. And thus, we can contribute the green transition and at the same time generate growth and jobs in Greenland. To make this happen the next step is to connect the wealth of geological data and the mineral exploration and mining industry in order to establish a supply chain for the critical minerals in Greenland to the Global green energy transition”, states Minister for Finance, Mineral Resources, Justice and Gender Equality Naaja H. Nathanielsen

The Department of Geology, Ministry of Mineral Resources and Justice has made contributions to the report.

Link to the report: https://www.nordicinnovation.org/critical-metals-and-minerals

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