Greenland Mines Welcomes EU Selection of Neo Performance Materials’ Silmet 2.0 as Strategic Project; Highlights Sarfartoq’s Potential Role in Secure Transatlantic Rare Earth Supply

The European Commission selected Neo Performance Materials' Silmet 2.0 as a Strategic Project under the EU's Critical Raw Materials Act, recognizing the need for diversified rare earth supply chains. Greenland Mines, which has a strategic relationship with Neo, sees this as validation for its Sarfartoq rare earth project in Greenland as a potential upstream feedstock source for Neo's Estonian separation facility, supporting a transatlantic critical minerals corridor.