AEX GOLD
AN AREA OF SIGNIFICANT POTENTIAL , AEX GOLD HAS BECOME THE ONLY ACTIVE GOLD LISTED COMPANY IN GREENLAND , PROVIDING A SIGNIFICANT BOOST TO THE LOCAL ECONOMY
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T raditionally known for its fishing and hunting industries , Greenland is fast becoming the next significant area of exploration for mining businesses . The largest island in the world , Greenland remains one of the least populated areas worldwide with 56,000 citizens , and it has sought to attract local and foreign investment across a number of new projects .
The island ’ s current position remains complex . A sovereign government , it is positioned under the Danish kingdom who provide grants to support its local economy . To further its independence and bolster its economy to create increased tax revenue , Greenland has embraced the exploration of new mining projects as well as utilising all the renewable and local resources it has to offer .
Rich in rare-earth minerals , gold , iron-ore , uranium , in addition to hydro and wind power , Greenland ’ s favourable legal framework and robust infrastructure , particularly in South Greenland , have factored into AEX Gold ’ s vision to explore through its Greenlandic subsidiary , Nalunaq Gold Mine , situated in the Nanortalik Gold belt , Southern Greenland .
NOVEMBER 2018