Energy Transition Minerals, the Australian rare earths explorer hoping to mine in Greenland, is raising $9 million on the back of investor interest in the Danish territory coveted by Donald Trump.
The Perth-based company, once known as Greenland Minerals, has hired Canaccord Genuity to sound out institutional investors for a $7 million share placement, with the option of an additional $2 million.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
