Business
Greenland Resources Signs MOU With German GMH Gruppe for Molybdenum Supply
Greenland Resources Inc. (TSX:MOLY, FSE:M0LY) (“Greenland Resources” or the “...
About this update from Greenland Resources Inc.
[{"type":"text","content":"Greenland Resources Signs MOU With German GMH Gruppe for Molybdenum Supply\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Greenland Resources Inc. (TSX:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that as a follow up to its December 3, 2025 press release where the European Commission presented\n \n RESourceEU\n \n , and mentioned the Company’s Malmbjerg project in Greenland as a priority EU project, the Company has signed a memorandum of understanding (“MOU”) for long term molybdenum supply with GMH Gruppe SE & Co. KG, (GMH), a leading European producer and processor of steel long products, special bar quality, tool steels, forgings and castings. GMH is a pioneer in sustainable steel production using electric arc furnaces based on scrap recycling thus generating 80 percent fewer CO2 emissions than conventionally produced steel.\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20260119648070/en/\n \n\n\n The MOU sets the path for a long-term supply agreement covering ferro-molybdenum, molybdenum-oxide and briquettes produced from molybdenum ore extracted in Greenland by the Company that will be refined in Belgium. GMH will be able to ensure a stable and responsibly sourced long term secured molybdenum supply with high sustainability standards and low scope 1&2 emissions from an EU associate country. GMH supplies customized steel solutions out of more than 15 production sites mostly located in Germany. Key markets for these products are the automotive, energy, raw materials, aerospace, defence, agricultural, construction machinery, tooling, mechanical engineering and transportation sectors.\n \n\n\n Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources commented\n \n : “Last year I was pleased to travel to Berlin and sign a Declaration of Intent with Germany to Strengthen Cooperation on Critical Minerals. Following that, in October 2025, on the margins of the G7 Energy and Environment Ministers’ Meeting in Toronto, the Government of Canada issued a\n \n communique\n \n where the Canadian mining company Greenland Resources was highlighted for its contribution to the Italian steel sector – now, ...