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 going forward

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Comment by TELEMARKERon Jan 07, 2022 11:13am

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Post# 34292925

RE:Moly going forward

good post
Ignoring any asteroid mining
CUMO deposit in Idaho is another - MLY ticker
Davidson Smithers BC underground deposit - drilled, undeveloped
Roca Mines underground at Trout Lake BC, shutdown since 2010
Northcliff NCF in New Brunswick - undeveloped open pit
Several other Yukon, New Mexico
Several in Australia - one named Merlin in Queensland, other one proposed open pit in Western Australia

Our Projects - Chinova Resources

Merlin Underground Mine

Chinova also has the high-grade molybdenum / rhenium (Mo/Re) Merlin Underground mine on care and maintenance. Merlin has an ore reserve of 5.2M tonnes @ 1.3% Mo, 22ppm Re, 0.24% Cu. The Merlin Feasibility Study was completed by Chinova in 2014 and the project was planned to commence, however when the Mo price collapsed shortly after project approval, the project was placed on care and maintenance.

Merlin has 3.5km of access decline already developed and is within 5km of Starra so these mines would share extensive infrastructure. The Merlin dewatering system is maintained to provide raw water to the EML Project.

BC
moly_september_2015.pdf (gov.bc.ca)