The ERMA was launched by the European Union in September and aims for the bloc to reach strategic autonomy on critical raw materials deemed essential for its green and digital transition sectors.

The industry-led group is modelled on the European Battery Alliance, which brought together more than 200 companies, governments and research organisations around the manufacturing of batteries for the car industry.

The EU's Action Plan on Critical Raw Materials defines the steps Europe must take to diversify and strengthen supply chains, decrease dependency on other countries, and reduce the reliance on critical raw materials by securing access to sustainable raw materials.

Bluejay chief executive Rod McIllree said: "We ... are excited by working towards a sustainable and dependable raw materials supply chain for Europe. We are witnessing a critical turning point as we shift towards green and technology-focused economies."

"The European Raw Materials Alliance will be an important instrument for Europe. Bluejay and its project portfolio are well positioned to be an intrinsic part of the sustainable and dependable supply of raw materials needed to support societal needs, the green transition, battery metals and renewably energy solutions through sustainable mining."

Bluejay is developing the Dundas high-grade ilmenite project in Greenland. Ilmenite is the primary ore for titanium, one of the critical raw materials identified by the EU.

Aside from Dundas, chief operating officer bo Steensgard added, "our wider project portfolio in both Greenland and Finland represents, beside the primary base metals such as copper and nickel for the battery industrial ecosystems, electrification and the green transition, potential future and important sources of other critical raw materials such as cobalt, platinum group metals and potentially germanium."