Summary

• GGG has requested arbitration proceedings in its dispute with the Government of Greenland and the Government of the Kingdom of Denmark
• The dispute concerns the effect of the legislation passed by the Greenland Parliament in December 2021 on GGG's entitlements under its existing exploration licence, including its entitlement to an exploitation licence for the Kvanefjeld rare earths project
• GGG's intention is to proceed with the Project by obtaining binding confirmation that the new legislation has no effect on the Company's existing exploration licence, including the provision entitling the Company to an exploitation licence
• Alternatively, GGG will seek compensation and damages for expropriation
• GGG will be represented in the arbitration by UK law firm, Clifford Chance, and Danish law firms, Bruun & Hjejle and Plesner

See also:

• OGEL: Greenland Parliament Act No 20 of 1 December 2021 to ban Uranium Prospecting Exploration and Exploitation etc - English - 1 December 2021
• TDM: Greenland Parliament Act No 20 of 1 December 2021 to ban Uranium Prospecting Exploration and Exploitation etc - English - 1 December 2021