BUZZ-Australia's Energy Transition jumps most in 14-1/2 years on Trump's Greenland comments

Reuters

2025/01/08

** Shares of Energy Transition Minerals ETM.AX rise as much as 53.9% to A$0.08, their strongest trading session since September 2010

** The critical minerals explorer hits its highest level since April 19, 2022

** U.S. President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of Greenland

** Greenland is rich in rare-earths deposits and hosts various resources including uranium

** Energy Transition operates Kvanefjeld project in Greenland, which contains one of the biggest rare-earths deposits in the world

** The project has been under arbitration after Greenland banned uranium mining and ceased development of the project in 2021

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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