Greenland Resources Inc. · TSX:MOLY
Greenland Resources — Investor Presentation (May 2025)
14 slides from Greenland Resources's investor presentation, May 15, 2025
Slide 1: Securing high-quality long-term molybdenum and byproduct magnesium supply for the EU Green Deal
"Securing high-quality long-term molybdenum and byproduct magnesium supply for the EU Green Deal” www.greenlandresources.ca
Slide 2: Highlights
HIGHLIGHTS q Canadian listed mining company with primary molybdenum and byproduct magnesium in Greenland q NI 43-101 Feasibility Study & Due Diligence Reports (2024-25) for lenders q EU is the 2nd largest worldwide Mo user with large roasting capacity and no domestic mines q Project can supply 25% o
Slide 3: Project Economics (NI 43-101 Feasibility Study Malmbjerg)
PROJECT ECONOMICS (NI 43-101 FEASIBILITY STUDY MALMBJERG, 2022) AFTER TAX SENSITIVITY NPV6% AND IRR TO CHANGES IN US$MO PRICES FOR LEVERED CASE (60/40%-DEBT/EQUITY) q Capex US$820M NPV@ 6 % IRR 2,500 41.7% 44.2% 46.5% 50% 45% q Mineral Reserves 245 Mt ; 0.176% MoS2 av. grade 39.2% 2,000 36.6% 1,921
Slide 4: Permitting, Social and Environment
PERMITTING, SOCIAL AND ENVIRONMENT q Exploitation License Application under new HIGHLIGHTS OF THE ENVIRONMENTAL IMPACT ASSESSMENT Mining Act from 2024 (expected H1 2025) q Environmental Impact Assessment produced by WSP Denmark: Overall low environmental risks to the project q TMF feasibility study
Slide 5: 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 Fuel scenario 10.78 -35% 0.14% Green Power Scenario 4.46 -73% 0.12% Grade (% Mo) 0.10% 0.08% ü High ore grade requiring lower number of beneficiati
Slide 6: Establishing an Integrated European Molybdenum Supply Chain
ESTABLISHING AN INTEGRATED EUROPEAN MOLYBDENUM SUPPLY CHAIN q EU Steel and chemical companies signing direct Mined Ore offtake: Crushing ü Responsible sourcing focus / Extraction Grinding • Primary processing on site Greenland / Roasting and end users EU Flotation in Greenland Leaching 🇬🇱 ü 43%…
Slide 7: The Global Context
THE GLOBAL CONTEXT CURRENT MOLYBDENUM SUPPLY STREAM TO EUROPE q EU is second world largest user of Mo, has a large Mo processing capacity but has no Mo mining extraction q 43% of world Mo mining is primary (China dominates 87% of primary market the US 13%). Primary Mo, due to low impurity levels, is
Slide 8: Molybdenum Market Statistics
MOLYBDENUM MARKET STATISTICS MOLYBDENUM APPLICATIONS REGIONAL PRODUCTION & USE Nickel Alloys Tool Steels 3% Million pounds of Molybdenum Content 7% 2024 Mo-Metal Region 5% Production Use Engineering Steel North America 114 81 Foundries 8% 39% South America 175 17 Europe - 122 Chemicals China 295 305
Slide 9: Strategic Supply Considerations
STRATEGIC SUPPLY CONSIDERATIONS USA China ü Excess Mo supply but limited refinement ü Until recently net Mo importer ü Only primary moly producer other than China ü Moly demand increasing driven by military (reliability & long-term supply) ü Largest concentrate conversion base worldwide ü Moly deman
Slide 10: Molybdenum Production & Reserve Estimates
MOLYBDENUM PRODUCTION & RESERVE ESTIMATES World Mo production evolution Minable Mo reserve estimates Mo world production (mt of Mo content) q 19.4 million mt ü Confirmed reserves by USGS 2017 ü 65 years supply security at current mining production level q 60 million mt ü “Not unreasonable upper limi
Slide 11: Magnesium Market Statistics
MAGNESIUM MARKET STATISTICS PRIMARY MAGNESIUM APPLICATIONS REGIONAL PRODUCTION Thousand Tonnes of Magnesium Transportation and others 2024 7% Region Iron and Steel Production 6% China 950 Aluminum Brazil 20 22% United States - Russia 15 Total Volume Year 2024 Europe - 1 million metric tones Mg Kazak
Slide 12: Magnesium Sources and Potential Processing Scenario
MAGNESIUM SOURCES AND POTENTIAL PROCESSING SCENARIO q Mg is present in the Malmbjerg orebody ü Produce byproduct Mg concentrate in Greenland from tailings – Offshore treatment facility with a leach plant to produces Magnesium Oxide (MgO) then with a process (i.e., Pidgeon) produce Mg metal (Mg) q Mg
Slide 13: 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 14: 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 results and developments to differ materially from those expressed or implied by such forward-looking state
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