RE: RNS13 Oct 2025 08:43
George Frangeskides, Alba's Executive Chairman, commented:
"We are pleased to report on progress across our project portfolio. We now enter into a key period of time where we anticipate both blasting at Clogau and drilling at Finnsbo in the coming month.
"As for Motzfeldt, in the past week China has announced new export controls on five additional rare earth elements. With China already refining over 90% of global rare earths, this latest development underscores the importance of secure and diversified supply chains for critical minerals vital to electric vehicles, wind turbines and defence technologies. At Alba, our move into rare earth and critical mineral projects in Greenland and Sweden is aligned with the UK and EU's strategy to build resilient and responsible sources of raw materials for the energy transition."