Slide 1: Malmbjerg Project presentation, Greenland Day – March 3, 2025
Malmbjerg Project presentation, Greenland Day – March 3, 2025 www.greenlandresources.ca
Slide 2: Greenland Resources Recent Announcements
GREENLAND RESOURCES RECENT ANNOUNCEMENTS February 21, 2025 ● Support on US$275 million from Export Development Canada (EDC) February 24, 2025 ● 10 Year Off-Take Agreement with Finnish Outokumpu (US$1.6 billion) 🇬🇱 NEEDS THE FIRST US$1B MINING INVESTMENT
Slide 3: Highlights
HIGHLIGHTS q High-grade molybdenum deposit with bi-product Magnesium in East Greenland q NI 43-101 Feasibility Study & Due Diligence Reports for lenders q Advance 70% of US$1b Capex (US$700M debt from four AAA credit rated Banks) q Advance long term Offtake Agreements EU Steel Companies (>US$6b) q L
Slide 4: Project Economics (NI 43-101 Feasibility Study Malmbjerg)
PROJECT ECONOMICS (NI 43-101 FEASIBILITY STUDY MALMBJERG) AFTER TAX SENSITIVITY NPV6% AND IRR TO CHANGES IN US$MO PRICES FOR LEVERED CASE (60/40%-DEBT/EQUITY) NPV@ 6 % IRR 2,500 46.5% 50% 44.2% 41.7% 45% 39.2% 2,000 36.6% 1,921 40% 33.8% 1,763 NPV (US$, Millions) 30.9% 1,605 35% IRR (After-Tax, %) 2
Slide 5: Project Economics: Gross Revenue and Corporate Taxes
PROJECT ECONOMICS (NI 43-101 FEASIBILITY STUDY MALMBJERG) GROSS REVENUE AND CORPORATE TAXES USING US$20.50/lb Mo Millions (US) $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Years Gross Revenue Corporate Taxes US$9.7b US$947M
Slide 6: Renewable Energy Project
RENEWABLE ENERGY PROJECT q Prefeasibility Study completed on renewable energy q Can power significant part of the Malmbjerg project and east coast communities q Project Peak power demand 33MW q 17 turbines 4.2MW, 1km land solar q Create critical infrastructure for East Greenland q Same capacity, cli
Slide 7: Mineral Reserves Grade and Emissions - Comparables
MINERAL RESERVES GRADE AND EMISSIONS - COMPARABLES 0.18% Malmbjerg Scope 1+2 lb CO2-eq/lb Mo % lower of CO2-eq/lb Mo emissions vs 0.16% comparable mines 0.14% Fuel scenario 10.78 -35% Green Power Scenario 4.46 -73% 0.12% Grade (% Mo) 0.10% 0.08% ü High ore grade requiring lower number of beneficiati
Slide 8: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements
Slide 9: Forward Looking Statement
FORWARD LOOKING STATEMENT The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual resu developments to differ materially from those expressed or implied by such forward-looking statements o