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Greenland Resources Submits Environmental Impact Assessment for Malmbjerg Molybdenum Project
TORONTO / Feb 13, 2023 / Business Wire / Greenland Resources Inc. (NEO: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) following its press release d
About this update from Greenland Resources Inc.
[{"type":"text","content":"TORONTO / Feb 13, 2023 / Business Wire / Greenland Resources Inc. (NEO: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) following its press release dated December 12, 2022, is pleased to announce the regulatory submission of the independent Environmental Impact Assessment report (the “EIA”) for the Malmbjerg Molybdenum Project in east Greenland (the “Project”). The EIA conducted by WSP Danmark A/S (“WSP”), evaluates and assigns a rating on possible environmental impacts of the Project and considers mitigation measures. The majority of the Project impacts were assessed to be of low environmental risk. Highlights On environmental impacts of the Project, using a scale of very low, low, medium and high, sixteen out of nineteen environmental impacts analyzed are assessed to be low or very low and three medium On environmental risks due to accidents and natural disasters, all three risks analyzed which include risk of tailings disposal from the Tailings Management Facility (“TMF”) to the sea, contamination of land and fresh water and contamination of the sea due to shipping accidents are assessed to be of low environmental risk Significant decarbonization has already been achieved with the proposed aerial conveyor that will haul downhill 35,000 tonnes per day of ore from the mine to the concentrator, will produce no CO2 and will generate electricity through regenerative braking The subaqueous tailings deposit design will reduce the existing contamination in the area caused in the 1960’s Due to the environmentally friendly modularized infrastructure design, the construction, closure and decommissioning plan has a low footprint with low environmental risk of disturbance The TMF water storage in Noret Inlet contains salt water which will be used as the process water source, negating the use of fresh water supply, and will be recycled and not discharged to the environment Dr. Ruben Shiffman, Chairman, commented, “The independent findings of our EIA are very positive for the development of our Project and are to a greater degree a consequence of the hard work we put in our feasibility study and environmentally friendly mine design that help mitigate environmental risks. All the existing molybdenum mines are old and lack many of the low environmental risk features we are proposing. We are closely following innovation and technolo...