Energy Transition Minerals

Energy Transition Minerals Ltd is an Australian-listed minerals exploration and development company formerly known as Greenland Minerals Limited. Its portfolio is centered on minerals considered important to the energy-transition and advanced-manufacturing sectors, including rare-earth elements, lithium, uranium, zinc, tin, tantalum and niobium. The company is not primarily a diversified operating mining group; its business is based on identifying, evaluating, permitting, financing and advancing mineral projects toward development or production. The company’s best-known asset is the Kvanefjeld project in southwest Greenland. Kvanefjeld is a large, multi-element deposit within the Ilimaussaq intrusive complex and contains rare-earth elements, uranium and zinc. The project has been presented as a potential large-scale, long-life source of both light and heavy rare-earth products, together with zinc and uranium concentrates. Its development prospects became closely connected to Greenlandic politics because uranium occurs alongside the rare-earth mineralization. During Greenland’s 2021 general election, the project was a prominent issue: the Inuit Ataqatigiit party supported a moratorium on uranium mining, while Siumut argued that mining could contribute to economic growth. Public opinion polling cited in reference material showed majority opposition to mining at Kvanefjeld. Energy Transition Minerals has also expanded beyond Greenland. In Spain, its project portfolio includes the Villarubias project in Salamanca province, close to the Portuguese border. The project targets lithium-, tantalum-, niobium- and tin-bearing aplite-pegmatite dykes. These minerals include materials designated as critical raw materials by the European Union. The company also pursued the Penouta tin-tantalum-niobium mine and processing facility in Galicia. In 2025, it announced that it had won an auction for the assets of Strategic Minerals Spain, S.L., a company in administration, and was later confirmed by the relevant Spanish insolvency court as the preferred and successful buyer. In Canada, the company added the Solo and Good Setting lithium projects in Quebec’s James Bay region under an agreement announced in October 2023. The acquisition broadened its exploration portfolio into one of North America’s most active hard-rock lithium districts, where exploration activity, discoveries and investment have grown substantially. The company’s strategic positioning is therefore based on assembling a portfolio of minerals associated with electrification, renewable-energy infrastructure, batteries, permanent magnets and other advanced technologies. Its assets remain subject to exploration results, technical studies, permitting, financing, political conditions and commodity-market volatility. Kvanefjeld in particular has faced significant regulatory and political uncertainty because of the uranium component of the proposed development. As of the reference material, Energy Transition Minerals remained an ASX-listed company with projects or interests in Greenland, Spain and Canada.

Energy Transition Minerals developed from Greenland Minerals Limited and is listed on the Australian Securities Exchange under the code ETM. The company’s corporate identity reflects a strategy focused on minerals associated with electrification, low-carbon technologies and advanced manufacturing rather than on a single commodity. Its principal activities comprise mineral exploration, project development and the pursuit of financing and commercial pathways for its assets. The company’s defining project is Kvanefjeld in southwest Greenland. The deposit lies within marginal phases of the Ilimaussaq intrusive complex and contains a combination of rare-earth elements, uranium and zinc. Reference material describing the project’s February 2015 resource reported 673 million tonnes at 10,900 parts per million total rare-earth oxide, 248 parts per million U3O8 and 2,270 parts per million zinc, representing contained rare-earth oxide, uranium and zinc resources at the stated cutoff. The geological combination gives Kvanefjeld potential scale, but it also makes uranium regulation central to any development plan. The company has proposed a project capable of producing light and heavy rare-earth concentrates, zinc concentrate and uranium concentrate over a long operating life. Kvanefjeld subsequently became entangled in Greenland’s public-policy debate. In the 2021 general election, Inuit Ataqatigiit called for a moratorium on uranium mining, directly challenging the policy basis for a project in which uranium is an important co-product. Siumut supported mining more strongly and associated the sector with economic-development opportunities. Reference material also cites polling in which 63 percent of respondents opposed mining at the Kvanefjeld deposit, with 45 percent described as strongly opposed. These political and social factors created substantial uncertainty around permitting and the project’s route to development. The company later broadened its portfolio in Spain. Technology Metals Europe SL acquired an investigation permit in 2021 for the Villarubias project in Salamanca province, in southwestern Spain near the Portuguese border and approximately 33 kilometres from Ciudad Rodrigo. Villarubias targets aplite-pegmatite dykes containing lithium, tantalum, niobium and tin. Lithium, tantalum and niobium are among the materials identified as critical raw materials by the European Union in the reference material. The Spanish assets gave the company exposure to European critical-minerals supply chains in addition to its Greenland rare-earth and uranium exposure. In October 2023, Energy Transition Minerals agreed to acquire the Solo and Good Setting lithium projects in Quebec’s James Bay region. The move expanded the company’s exploration position into a district characterized by active exploration, emerging discoveries and significant investment in lithium. It also increased the portfolio’s exposure to battery minerals and to North American supply-chain development. The company then moved toward a more direct operating position in Spain. In August 2025, it announced that it had won an auction for the Penouta tin-tantalum-niobium mine and processing facility in Galicia. The bid covered mining rights, title and related interests and assets of Strategic Minerals Spain, S.L., which had entered administration. In October 2025, the relevant Spanish insolvency court confirmed the company as the preferred and successful buyer. The Penouta transaction complemented Villarubias by adding an existing mine and processing facility to a portfolio otherwise heavily weighted toward exploration and development-stage projects. As described in the reference material, the company’s ownership was dispersed among institutions and private investors. In August 2025, OCJ Investments Pty Ltd was identified as holding 17 percent and China-based Shenghe Resources as holding 7 percent, with the balance held by other investors. Energy Transition Minerals’ longer-term prospects depend on its ability to secure approvals, funding and technical progress across projects with different geological, political and jurisdictional profiles. Kvanefjeld remains the company’s most consequential and politically sensitive asset, while the Spanish and Canadian projects provide additional exposure to critical minerals and potential diversification.

• 2025

  Penouta auction success announced

  [1]Energy Transition Mineralsen.wikipedia.org

  The company announced on 7 August that it had won an auction for the Penouta mine and processing facility in Galicia.

• 2025

  Penouta purchase confirmed by Spanish court

  [1]Energy Transition Mineralsen.wikipedia.org

  On 17 October, the relevant Spanish insolvency court confirmed the company as the preferred and successful buyer of the Penouta assets.

• 2023

  Agreement to acquire James Bay lithium projects

  [1]Energy Transition Mineralsen.wikipedia.org

  The company announced an agreement to acquire the Solo and Good Setting lithium projects in Quebec on 31 October.

• 2021

  Villarubias investigation permit acquired

  [1]Energy Transition Mineralsen.wikipedia.org

  Technology Metals Europe SL acquired an 11.4-square-kilometre investigation permit for the Villarubias project in Salamanca, Spain.

• 2021

  Kvanefjeld becomes a Greenland election issue

  [1]Energy Transition Mineralsen.wikipedia.org

  The project became a central issue in Greenland’s general election because its proposed development includes uranium mining.

• 2015

  Kvanefjeld resource reported

  [1]Energy Transition Mineralsen.wikipedia.org

  Reference material reported a February 2015 Kvanefjeld resource of 673 million tonnes containing rare-earth elements, uranium and zinc at the stated uranium cutoff.

A critical-minerals exploration and development company assembling a geographically diversified portfolio of rare-earth, lithium, uranium, zinc, tin, tantalum and niobium assets.

• Rare earths, uranium and zinc project

  Kvanefjeld project

  A large multi-element deposit in southwest Greenland containing rare-earth elements, uranium and zinc within the Ilimaussaq intrusive complex. The proposed development concept has included light and heavy rare-earth concentrates, zinc concentrate and uranium concentrate. The project’s scale and co-product potential are balanced by substantial permitting and political uncertainty related to uranium mining.

• Lithium, tantalum, niobium and tin exploration · 2021

  Villarubias project

  An exploration project in Salamanca province in southwestern Spain, near the Portuguese border. The project targets lithium-, tantalum-, niobium- and tin-bearing aplite-pegmatite dykes within an 11.4-square-kilometre investigation permit acquired in 2021.

• Tin, tantalum and niobium mining and processing

  Penouta mine and processing facility

  A mine and processing facility in Galicia, Spain, associated with tin, tantalum and niobium. Energy Transition Minerals won an auction for the assets in 2025, including mining rights and related interests formerly associated with Strategic Minerals Spain, S.L., and was confirmed as the successful buyer by the relevant insolvency court.

• Lithium exploration · 2023

  Solo Lithium Project

  A lithium exploration project in Quebec’s James Bay region. It was included in the company’s 2023 agreement to acquire the Solo and Good Setting projects, expanding the portfolio into a prominent North American lithium exploration district.

• Lithium exploration · 2023

  Good Setting Lithium Project

  A lithium exploration project in Quebec’s James Bay region acquired alongside the Solo project under an agreement announced in October 2023. The project forms part of the company’s broader battery-minerals exploration strategy.

• 2025

  Bid for Penouta mine and processing facilityM&A

  Background

  Strategic Minerals Spain, S.L. entered administration, creating an auction process for the Penouta tin-tantalum-niobium mine, processing facility and associated rights and assets.

  Action taken

  Energy Transition Minerals announced on 7 August 2025 that it had submitted the successful auction bid and was later confirmed by the relevant Spanish insolvency court as the preferred and successful buyer on 17 October.

  Aftermath

  The transaction added a mine and processing facility to the company’s Spanish critical-minerals portfolio, subject to completion and applicable legal and regulatory requirements.

  Source

• 2023

  Acquire Solo and Good Setting lithium projectsM&A

  Background

  The company sought to expand beyond its Greenland and Spanish assets into Quebec’s James Bay region, a district with substantial lithium exploration activity and emerging discoveries.

  Action taken

  On 31 October 2023, Energy Transition Minerals announced an agreement to acquire the Solo and Good Setting lithium projects.

  Aftermath

  The agreement broadened the company’s exploration portfolio and increased its exposure to the lithium and North American critical-minerals sectors.

  Source

1. 1Energy Transition Mineralsen.wikipedia.org