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NEO Exchange Welcomes its 1st Mining Stock – Greenland Resources

Stockhouse Editorial
1 Comment| September 21, 2021

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Canadian mining company Greenland Resources Inc. (NEO: MOLY) began listing its shares on the NEO Exchange on Monday and in doing so, brings the exchange into the lucrative mining industry.

Focused on the development of its flagship project, the Malmbjerg molybdenum deposit in east-central Greenland, MOLY’s offices are located in Toronto, and the company is led by a management team with an extensive track record in the mining industry and capital markets.

Speaking on this news in a media release for investors, the Chairman and President of Greenland Resources Inc. Dr. Ruben Shiffman, said that Europe is one of the largest molybdenum users in the world yet has no molybdenum production of its own. As such, this management team boasts an extensive track record in the mining industry and capital markets, the Greenland Resources Malmbjerg project seeks to supply the European market with environmentally friendly molybdenum from a responsible source.

He added that the team had promised investors an innovative senior marketplace that would allow them to find liquidity and transparency.

“We chose the NEO Exchange because it represents a modern marketplace with new ideas, visibility and investor awareness, and an incomparable level of service and support.”

Joining more than 160 unique listings on the exchange, the company recently concluded its feasibility study field program and environmental baseline studies that were conducted during the summer, as planned and on budget.

Greenland Resources’ chief asset, molybdenum, is a critical mineral required in various technologies in the upcoming green energy transition. When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance.



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