This post was originally published on this site.Greenland Mines (NASDAQ: GRML) said Friday that the Government of Greenland, through the Ministry of Business and Mineral Resources (Naalakkersuisut), has formally approved the indirect transfer of Mineral Exploration License covering the Sarfartoq carbonatite complex to the company. The stock surged.  The approval, granted under the Greenland Mineral Activities Act, satisfies one of the key regulatory closing conditions for the company’s acquisition of the Sarfartoq project from Neo Performance Materials for $35 million.  As part of the deal, Neo Performance will receive offtake rights on up to 60% of future ore or mineral concentrate production from Sarfartoq.   The company has called the project one of the island’s...

This post was originally published on this site.Privately held developer Central Nevada Gold will look at acquiring other precious metals assets in the state after buying the past-producing Mule Canyon mine from Newmont (NYSE, ASX: NEM; TSX: NGT) earlier this summer, CEO Simon Griffiths said.  Having closed the $20-million Mule Canyon acquisition in late June, Central Nevada is now working to advance the asset through prefeasibility and permitting in next year’s second half with the goal of delivering a construction decision in 2028.   It expects to announce a new mineral resource estimate for the property in the coming months. An initial...