Articles from Greenland Resources Inc.

Greenland Resources A/S, a fully owned Greenlandic subsidiary of Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the Company has signed a mandate letter with a major German Bank (the “Bank”) to act as the Export Credit Agency (“ECA”) Coordinator for the Project.

Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the signing of a memorandum of understanding (“MOU”) for long term molybdenum supply with Düsseldorf based company Hempel Metallurgical GmbH, a leading supplier of molybdenum to the German steel industry. Based on Greenland Resources NI 43-101 Feasibility study and the previously announced offtake and roasting agreements, the Company is now positioned to become the largest worldwide molybdenum supplier to Germany. The Company expects further announcements related to direct offtake agreements with German steel companies.

Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the Company has signed an off-take agreement with Finnish Outokumpu, the largest producer of stainless steel in Europe and the second largest producer in the Americas, for the long-term supply of molybdenum oxide. A stock exchange release from Outokumpu can be found on their website at www.outokumpu.com.

Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that further to its press releases dated December 19, October 15, and October 1, 2024, where the Company announced significant progress on the debt portion of the capex, the Company has now received a letter of interest (“LOI”) from Export Development Canada (“EDC”), a Canadian Crown corporation wholly owned by the Government of Canada.

Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that further to its press release dated June 11, 2024 on the exploitation license update, the Company and its financial advisors, Endeavour Financial, entered into a new phase with numerous prospective financiers of the debt portion of the capex, including the AAA and AA credit rated export credit agencies and commercial banks that already provided letters of intent to the Company. In addition, the independent engineering firm Tetra Tech completed a positive United Nations Framework Classification for Resources (“UNFC”) report for the Malmbjerg project, a document required by various European sovereign funds that the Company is engaging with that invest in equity. The UNFC is a classification system for defining the environmental-socio-economic viability and technical feasibility of raw material projects. Updates will be provided in due course.

Greenland Resources Inc. (NEO: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that it received a positive renewable energy report (the “Report”) from COWI A/S (“COWI”), on wind and solar power generation to further decarbonize the Malmbjerg Molybdenum Project (the “Project”). Utilization of renewable energy at the Project will also help the country with jobs and critical infrastructure and is aligned with the recently signed agreement between Greenland and the European Union (“EU”) on developing strategic sustainable raw materials projects and deploying infrastructure required to develop them.

Greenland Resources Inc. (NEO: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the Company has signed a letter of intent (“LOI”) with Outokumpu Europe Oy (“Outokumpu”) for the supply of a significant amount of molybdenum from the Malmbjerg molybdenum project (the “Project”). Outokumpu is a major global stainless steel producer and one of the largest molybdenum consumers worldwide and has a long history as a mining company before focusing on stainless steel. Greenland Resources sees a very good fit on Outokumpu and looks forward to continuing negotiations on further detailed cooperation. A joint press release from Outokumpu can be found in their website at www.outokumpu.com.

Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce the signing of a letter of intent (“LOI”) for supply of metallurgical process equipment, technology, services, and technical solutions for the Malmbjerg Molybdenum Project (the “Project”) with Danish FLSmidth A/S, a full flowsheet technology and service supplier to the global mining and cement industries.

Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that Ms. Barbara J. Buck (“Barb”) has joined our Advisory Board with the objective of providing support in marketing our molybdenum production to end-user companies.

Greenland Resources Inc. (NEO:MOLY/FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to note the press release by the European Raw Materials Alliance (“ERMA”), reproduced and attached below. The Company is grateful to receive support from a body of the European Union whose main objectives are to reduce European dependency on strategic and critical raw materials from outside Europe and promote environmental, social and governance standards. Greenland Resources looks forward to working with ERMA as we move the Malmbjerg Molybdenum Project to commercial production.