Business
Greenland Resources Increases Support for Local Community of Ittoqqortoormiit in East Greenland
TORONTO / Jun 28, 2023 / Business Wire / Greenland Resources Inc. (NEO: MOLY, FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that th
About this update from Greenland Resources Inc.
[{"type":"text","content":"TORONTO / Jun 28, 2023 / Business Wire / Greenland Resources Inc. (NEO: MOLY, FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that the Company has finalized and expanded the scope of the financial sponsorship agreement originally announced on July 14, 2022 to support the local community of Ittoqqortoormiit. The local community of Ittoqqortoormiit is the only nearby settlement located 190 km to the southeast of the Greenland Resources Malmbjerg Project (“Project”) with around 354 inhabitants. A communique of Kommuneqarfik Sermersooq municipality can be found at: https://sermersooq.gl/da/2023/06/greenland-resources-stotter-kulturen-i-ittoqqortoormiit/. Upon further consultations with the Kommuneqarfik Sermersooq municipality and the Ittoqqortoormiit local council (the “Parties”), and after receiving feedback from the local community during the stakeholders meetings conducted in December 2022, the Parties agreed to amend the July 14, 2022 sponsorship agreement in order to increase the amount of financial support and include provisions for mining training, improving internet infrastructure, and greater grants for funding of the upcoming 100-year anniversary of the founding of Ittoqqortoormiit and the restoration of the new curation museum, with the museum also planned to be used as school facilities for children. Ms. Avaaraq Olsen, the Mayor of Kommuneqarfik Sermersooq stated: “Kommuneqarfik Sermersooq is very enthusiastic about the collaboration with Greenland Resources. As Sermersooq Municipality covers such a vast geographic area, it is important that we manage to include all towns and settlements in the municipality, when it comes to urban renewal, infrastructure and, not least, cultural dissemination. Our most sincere thank you to Greenland Resources, and their willingness to support the culture in Ittoqqortoormiit as well as future upcoming support in other areas.” Dr. Ruben Shiffman, Executive Chairman of Greenland Resources, said: “We are committed to help provide new life skills for the community and improve the quality of life of the population. Despite the nearby community of Ittoqqortoormiit being 190 km away and having no presence, hunting, nor fishing in the Project area, we aim to have principally Greenlandic people from the community working, participating, and training in our project. Our ...