The mining firm has engaged Clear Street as its financial advisor and White & Case as legal counsel to oversee the restructuring process. Management intends to divest or monetize legacy and newly-acquired assets that do not align with the company's long-term objectives. By shedding these distractions, the organization aims to solidify its standing as a dedicated Western supplier of heavy rare earths essential for defense, energy, and advanced technology sectors.

Chairman Tony Sage described the move as a necessary step to transform the company into a pure-play entity focused on critical minerals. While the board is exploring various transactional outcomes, it cautioned that the formal review process does not guarantee a final sale or structural separation. The company remains committed to advancing its Greenland operations while seeking partners for its secondary interests.