Poms schrieb 17.03.25, 08:13
ZITAT von heute morgen aus dem aktuellen Papier, welches ETM heute morgen rausgegeben hat:
"Kvanefjeld Project and Arbitration Update
Greenland Minerals A/S (GMAS), the Company’s wholly-owned Greenlandic subsidiary that holds
the Kvanefjeld Project exploration licence, is actively engaged in arbitration and litigation against
the Governments of Greenland and Denmark concerning the Kvanefjeld Project.
Arbitration Proceedings Following the decision to bifurcate the proceedings into jurisdiction and merits (see ASX announcement of 3 October 2024), the Arbitral Tribunal has scheduled a jurisdictional hearing for June 2025
. Following this hearing, the Arbitral Tribunal will determine whether the case will
proceed to the merits, be partially dismissed, or discontinued entirely.
Court Cases
Simultaneously, GMAS is pursuing legal proceedings in the courts of Greenland and Denmark to
challenge the denial of an exploitation licence for the Kvanefjeld Project. Writs have been filed in
both the Court of Greenland and the District Court of Copenhagen against the Government of
Greenland, its Legislature, various ministries and agencies, and the Government of Denmark,
represented by the Ministry of Climate, Energy and Utilities. (See ASX announcement of 27 May
2024).
Efforts for Consolidation and Current Status
To streamline the proceedings and reduce costs, GMAS aims to consolidate both court
proceedings before a single High Court - most likely the High Court of Greenland.
As an initial step, GMAS has requested the referral of the cases from the district courts in Denmark
and Greenland to the High Courts for first-instance adjudication.
In Greenland, the litigation has been referred to the High Court of Greenland, which has confirmed
the referral. The case will be heard by a panel of three judges, including two Danish High Court
justices, with the possibility of additional justices as needed. The High Court has requested GMAS
submit comments on forum and competence in response to specific formal objections made by
Defendants. These comments are due by mid-March 2025, and no further deadlines have been
fixed at this stage.
In Denmark, the district court is currently deliberating on whether to refer the case to the High
Court and is also considering procedural matters, including admissibility issues raised by the
defendants. These issues involve objections regarding the correct forum and the specificity of
GMAS' claims against Denmark and the subordinate Greenlandic parties. The court has not
indicated when it will render a decision but ordinarily such a decision should be rendered within
the coming weeks.
Such referrals will reduce the number of court instances from three (District Court, High Court,
Supreme Court) to two (High Court, Supreme Court), saving time and costs. Moreover, the matters
will — also in the first instance — be heard by a panel of judges rather than a single judge at the
district court level.
GMAS remains dedicated to a swift, fair and transparent process and is actively working to
streamline and consolidate proceedings.
Authorised for release by the Board of Energy Transition Minerals Ltd."
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