Key facts about Energy Transition Minerals Ltd and the arbitration proceedings

Energy Transition Minerals Ltd (ETM) (ASX:ETM) has announced that the Arbitral Tribunal has ruled in favor of bifurcation of the proceedings concerning the Kvanefjeld Rare Earths Project in Greenland. The ongoing arbitration, initiated by the Company's subsidiary, Greenland Minerals A/S (GMAS), against the Governments of Greenland and Denmark, seeks an arbitral award confirming the existence and scope of its right to an exploitation licence for the Kvanefjeld Project. The Respondent Governments have filed their defence concerning jurisdiction on 8 January 2024, objecting to the jurisdiction of the Arbitration Tribunal on various grounds and requesting that their jurisdictional objections be heard and decided in a preliminary phase, known as 'bifurcation'.

Executive commentary on the arbitration proceedings

The Company remains focused on securing a fair and transparent resolution that aligns with Greenland's regulatory frameworks and economic goals. ETM is resolute in protecting its legal rights and advancing the Kvanefjeld Project, critical to supplying rare earth elements necessary for the green energy transition. The Company respects the legal process and remains dedicated to engaging with Greenlandic and Danish authorities to ensure a sustainable path forward for the Project.

Summary of the arbitration proceedings and outlook

The Arbitral Tribunal's decision on bifurcation marks a key procedural milestone in the ongoing arbitration initiated by ETM's subsidiary, GMAS, against the Governments of Greenland and Denmark. The Company is committed to engaging with key stakeholders and the media to ensure clarity on the process and the ongoing commitment to responsibly develop the Kvanefjeld Project. ETM aims to secure a fair and transparent resolution aligned with Greenland's regulatory frameworks and economic goals. The Company's dedication to protecting its legal rights and advancing the Kvanefjeld Project underscores its critical role in supplying rare earth elements necessary for the green energy transition.