Greenland Resources Inc N.MOLY

Alternate Symbol(s): GRLRF

Metals & Mining Industrial Metals & Minerals

Greenland Resources Inc. is a Canadian resource company, focused on the development of its 100% owned Climax type primary molybdenum deposit located in central east Greenland. The project also contains copper and magnesium. The project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. License 2018/11 covers an 82 square kilometer area north of Scoresby Sund in eastern Greenland that includes the Malmbjerg molybdenum deposit. The Proven and Probable Reserves are 245 million tons at 0.176% MoS2, for 571 million pounds of contained molybdenum metal.

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Greenland Resources Inc > Moly

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Comment by TELEMARKERon Jan 16, 2023 1:03pm

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Post# 35225966

RE:RE:Moly

CG has 2 open pit moly mines on care and maintanence
ink to operations Centerra Gold
TC Thompson Creek Idaho Mine - care and maintanence
Endako BC - care and maintanence
Langloth PA - moly roasting operation

FCX could increase Mo production from its 2 Colorado mines

Consolidated sales volumes for the year 2022 are expected to approximate 4.2 billion pounds of copper, 1.8 million ounces of gold and 76 million pounds of molybdenum, including 1.0 billion pounds of copper, 420 thousand ounces of gold and 20 million pounds of molybdenum in fourth-quarter 2022. Projected sales volumes are dependent on operational performance, weather-related conditions, timing of shipments and other factors detailed in the Cautionary Statement below.

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