Shenghe will no doubt play a major role, in how the project is...

Shenghe will no doubt play a major role, in how the project is financed - but don't discount the European connection and those Danish pension funds in waiting! -

"Strategic Development Plan:
The Company and Shenghe have agreed a Strategic Development Plan for the Project which encompasses -
 Consideration of a staged development path to enable an earlier production of rare earth concentrate before a second stage refinery is constructed in Greenland;
 Potential development of a non‐China based rare earth separation plant to facilitate the supply of Kvanefjeld rare earth product directly to international demand centres
 A process to identify collaboration partners in China with experience in project development for the delivery of processing infrastructure, capital works, engineering and construction and an interest in possible co‐investment in some aspects of the Project;
 A process to secure funding partners in China to secure project financing for the optimal Project configuration subject to Shenghe’s decision regarding their acquisition of an equity interest in the Project as agreed in the Subscription Deed of 20 September 2016."
(Taken from the September 2018 Quarterly Report)
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