“The right local partner is crucial to manage EGM’s ESG commitments”
European Green Metals Ltd, a critical metals exploration and development company focussed in Europe for Europe, has appointed Geosyntec Consultants AB (‘Geosyntec’) to undertake baseline environmental studies and deliver an Environmental Impact Assessment (‘EIA’) at its Olserum REE project in Southern Sweden (the ‘Project’).
Geosyntec is an international consulting and engineering firm that works with private and public sector clients to address new ventures and complex problems involving the environment, natural resources, and civil infrastructure. With a combined staff exceeding 1,900 engineers, scientists, and related technical and project support personnel, it serves its clients from more than 90 offices in the United States, Canada, the United Kingdom, Ireland, Sweden, Spain, the United Arab Emirates, and Australia.
Under the terms of the Agreement, Geosyntec will compile the current and existing baseline data, manage, retain subcontractors for parts of the work, and compile a baseline study report. Furthermore, it will undertake geohydrological investigations and compile data into a geohydrological report to deliver EIA for the exploitation application.
Olserum is a scalable high value Permanent Magnet REE project that has the potential to be Europe’s first REE mine. The Project, which is designated by the Swedish Geological Survey as of one of ‘National Interest’, has an historic Indicated and Inferred Resource of 7.8 Mt grading 0.61% Total Rare Earth Oxides (‘TREO’). Importantly, beneficiation testwork has indicated that the REE can be recovered and that high grade concentrates can be produced by standard metallurgical processes; this is key given REE deposits are often hard to process owing to complicated mineralogy and the type of hosting minerals.
EGM Chief Executive Officer David Hall said, “Having worked around the world developing resource projects and building mines, we understand the importance of embedding a comprehensive ESG framework into our strategy to balance the benefits to the planet, people, and profit. With extensive in-country experience in environmental and social assessment and sustainability management, Geosyntec’s exceptional depth of knowledge will be invaluable in this regard as we look to fast-track a full feasibility study at Olserum within 24 months. We look forward to working with Geosyntec’s team to help us deliver a holistic environmental and social outcome for the Project to the benefit of all stakeholders.”
