The Norwegian government has launched a Fast Track Mining initiative aimed at securing critical minerals, reducing reliance on non-European supply chains, and promoting sustainability. The strategy includes expediting mineral extraction, mapping mineral deposits using geophysical techniques, and prioritizing environmental considerations. In order to guarantee the success of the initiative, the government is exploring the possibility of creating a Norwegian state mineral fund to attract private investment.
Kuniko (ASX: KNI), a company involved in battery metals exploration projects, has already achieved a carbon-neutral service certification for its exploration activities and aims to further reduce its carbon footprint by sourcing minerals close to the European market, utilizing renewable hydropower. Kuniko's projects in Norway focus on brownfield sites and align well with Norway's critical minerals strategy, facilitating an accelerated discovery-to-development process. The company's portfolio includes battery metals such as lithium, nickel, copper, and cobalt, which are listed as critical raw materials by the EU.
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