Greenland Resources Inc. is a Canadian mining company that owns the Malmbjerg Project, a world-class Climax-type molybdenum mineral deposit with by-product magnesium, located in East-Central Greenland. The project has a highly economic NI 43-101 bankable feasibility study and aims to begin its 20-year mine life producing molybdenum and magnesium before the end of the decade.
The Malmbjerg Project has the potential to supply approximately 25% of the EU’s total molybdenum demand and nearly all of its defence-related needs. The EU, the second-largest molybdenum consumer globally, currently has no domestic supply. Meanwhile, China produces 89% of the world’s magnesium, with Europe sourcing 97% of its magnesium from China.
In 2024, the project applied for an exploitation license and expects permitting for both molybdenum and magnesium soon. The project features an environmentally friendly mine design, with significantly lower operating costs and Scope 1 and 2 emissions compared to its peers.
Greenland Resources has received high-quality expressions of interest for approximately US$700 million in debt financing (covering 70% of capex) from AAA/AA-rated lenders, including US$275 million from the Government of Canada and institutions such as EKN, FINNVERA, EIFO, EDC, and DB. It has also signed a tolling agreement with a major European roaster.
Furthermore, the company has secured binding and non-binding offtake agreements with leading EU metallurgical, steel, and chemical companies for the majority of its production. This includes a 10-year, US$1.6 billion binding take-or-pay offtake agreement with Finland’s Outokumpu, the largest stainless steel producer in Europe.
For more information on the Malmbjerg projects, visit http://www.greenlandresources.ca
The Raw Materials Summit 2024 is taking place at The Egg Brussels, Rue Bara 175, 1070 Bruxelles, Belgium. This is an immersive experience and full participation requires attendance in person: for this reason we don’t offer virtual attendance options. The venue is fully accessible.
Your ticket grants you access to all sessions, workshops, networking events, and exhibits, and includes refreshments and meals. One-day passes provide the same access and benefits. A limited number of tickets will be available at the event, but we strongly recommend registering online in advance to secure your spot and take advantage of early bird discounts.
The venue has partnered with recommended hotels to offer discounted rates for Raw Materials Summit attendees. Information is available here https://theeggbrussels.com/partners/#hotel-partners
Yes - just select the student ticket option during registration and provide valid student I.D. when you arrive at the event.
Yes, an event app will be available for attendees closer to the event date. It will provide access to the agenda, session details, networking opportunities, and other important information.