This post was originally published on this site.Greenland Mines (Nasdaq: GRML) said it has closed the aquisition of the Sarfartoq project from Neo Performance Materials for $35 million., bringing the the rare earth project into its mining portfolio.  The closing follows Greenland Mines’ release of an independent Initial Assessment for Sarfartoq, which demonstrated positive project economics.   The project has an estimated pre-tax net present value (NPV) of approximately $2.05 billion and a pre-tax internal rate of return (IRR) of 118.6%, including Indicated and Inferred Mineral Resources.   The Initial Assessment is based entirely on the ST1 deposit, which occupies under 1% of the 191-square-kilometer Sarfartoq mineral exploration license, with five additional known rare earth occurrences along the approximately 32-kilometer outer ring structure remaining largely untested, Greenland Mines said.  The company...