Based purely on its geological structure alone, Greenland has what the vast majority of industry experts consider to be highly favourable conditions for the development of its own mining sector. Indeed its geographical location between Europe and the United States, combined with the high prices attainable for most of the raw materials that are present there, partially offset its absence of infrastructure and of sources of energy, and the harsh climatic conditions of the country.
Established by a team of Czech geologists and businessmen in 2011, the Czech Geological Research Group (CGRG as a part of Subarctic Exploration Group) was specifically created to obtain mineral exploration licences in Greenland as a junior exploration company, using funding from private sources.
In 2013 this company became part of the Subarctic Exploration Group a.s. holding. A little bit later the sister company Greenland Gold was founded and it was this company that acquired other exploration licenses in southern Greenland.
Today Subarctic Exploration Group a.s. is tirelessly moving forward with its analysis of Greenland’s geological environment, with its team of geologists working intensively through a number of strategic tasks. These tasks include the field work on all licensed areas, re-processing of legacy Aeromag data from the west and south of Greenland that the company purchased using the latest processing techniques, as well as working alongside the Geological Survey of Denmark and Greenland.
In companies home country of the Czech Republic there is a well held understanding that all geological activities should be carried out in the most environmentally conscious fashion. Subarctic Exploratoion Group a.s. has transported this philosophy over to Greenland where its geologists are adhering to all the environmental standards and regulations related to geological exploration in Greenland.
Subarctic Exploration Group a.s. believes that it has a valid concept and sufficiently high-quality sources of information to be able to gradually build up a network of exploitable deposits of its raw materials of interest.