Greenland Mines Sarfartoq Nd-Pr Rare Earth Project Valued Up to US$2.05 Billion With Pre-Tax IRR of 118.6% and Significant Additional Upside Potential
Greenland Mines released an Initial Assessment for its Sarfartoq neodymium-praseodymium rare earth project in Greenland, valuing it at up to US$2.05 billion with a pre-tax IRR of 118.6%. The ST1 deposit alone is expected to produce approximately 34% of all NdPr oxide refined outside China annually. Neo Performance Materials will become a strategic shareholder with non-binding offtake rights on up to 60% of concentrate production.