Greenland Resources Inc. (TSE:MOLY) has released an update.
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Greenland Resources Inc. has secured two letters of intent from Finnvera, the Finnish Export Credit Agency, to support the financing of their high-grade Malmbjerg molybdenum project in Greenland. The company is advancing towards a nearly US$700 million debt raise, bolstered by the project’s strong feasibility study results and its strategic significance for the EU’s molybdenum supply. Greenland Resources highlights the project’s environmentally conscious design and its potential to significantly contribute to the EU’s annual molybdenum consumption.
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