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 > Capex $820 million

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Comment by ismandon Mar 04, 2022 3:38pm

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Post# 34484765

RE:Capex $820 million

3 months ago US$657 million capex secured for a mining project in Greenland and yesterday another US$257million Capex project received EU funding support, both projects with weaker economics than the Malmbjerg moly project...

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