NunaMinerals A/S is a Denmark-based minerals exploration company operating in Greenland. It primarily develops, utilizes and markets natural mineral resources on a commercial basis. Its business strategy comprises the co-ownership of mines and collecting royalties from mining operations and project sales. The Company divides its projects into Core projects and Partnership projects. As of December 31, 2011, the Company�s activities were focused on several projects, including Nuuk Gold Province, focusing on gold and gold-based minerals; Nanortalik Gold Provice, focusing on gold; Greenland Platinum Project, focusing on platinum; Nickel Belt, focusing on nickel; Thule Province, focusing on copper-gold; Diamanter and Rare Earth Elements (REE), focusing on REE and diamond, and other projects. As of December 31, 2011, the major shareholders of NunaMinerals A/S included the Government of Greenland (30.63%), Professionel Forening Ld Hf (16.89%) and Nykredit Bank (9.72%).