Energy Transition Minerals Asks Greenland High Court to Remove Denmark as Party to Lawsuit; Shares Fall 3%

MT Newswires Live
2025/11/17

Energy Transition Minerals (ASX:ETM) wrote to the High Court of Greenland requesting that the Danish government be removed as a party to its ongoing legal action regarding the Kvanefjeld project in Greenland after recent decisions by the Arbitral Tribunal and Copenhagen City Court, according to a Monday Australian bourse filing.

This will allow the company's lawsuit against Greenland's government to proceed directly to the handling of the merits of the claim, the filing added.

The firm alleges that it was unlawfully denied an exploitation license for the project and that the project was unlawfully put on hold.

The Copenhagen court ruled that the Greenlandic authorities shall not be parties to the Danish proceedings brought by the company's Greenland Minerals subsidiary, while the Tribunal referred the claims concerning confirmation of the right to an exploitation license for the project for determination by the courts instead of arbitration, the filing said. The tribunal also decided that the government of Denmark should not be a party to the case.

Energy Transition Minerals' shares fell past 3% in recent trading on Monday.

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