Alba Mineral Resources PLC (AIM:ALBA, OTC:ALBAF) executive chairman George Frangeskides talked with Proactive's Stephen Gunnion about the company’s strategic expansion into critical minerals with the acquisition of a majority stake in the Motzfeldt Critical Metals Project in Greenland.
The company has historically focused on gold exploration and redevelopment in the UK, particularly the Clogau gold mine and surrounding prospects on the Dolgellau gold belt. However, as Frangeskides explained, Alba is now building out its portfolio of critical raw materials, with recent moves including an earn-in at the Finnsbo rare earths project in Sweden and now the transformational Motzfeldt acquisition.
Frangeskides said, “It's a suite of metals that are of high economic importance at the moment... three of those – rare earths, niobium and tantalum – are on pretty much everyone's critical minerals list.” He noted that sourcing non-Chinese supply for these materials is a priority for Western governments, making the project particularly attractive.
The Motzfeldt project has a defined resource and is located in a jurisdiction that is drawing increasing attention from the US, EU, and others. Alba believes its past experience operating in Greenland through GreenRoc gives it a strong advantage in developing the project efficiently.
Frangeskides confirmed that fieldwork is already underway, with sampling and metallurgical test work to follow shortly.
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