Greenland Resources Inc. ( (TSE:MOLY) ) has shared an announcement.
Greenland Resources Inc. has received a letter of interest from Export Development Canada (EDC) for financing up to USD 275 million for its molybdenum project in Greenland. This support highlights the project’s Canadian content and potential benefits for Canadian and Greenlandic communities, as well as global security of scarce metals. The EDC’s involvement reflects confidence in the project’s sustainability and economic impact, with further due diligence required before finalizing the offer.
More about Greenland Resources Inc.
Greenland Resources Inc. is a Canadian public company focused on the development of its 100% owned Climax type primary molybdenum deposit in central east Greenland. The company is regulated by the Ontario Securities Commission and emphasizes an environmentally friendly mine design. The Malmbjerg project, which includes copper and magnesium, is supported by a Definitive Feasibility Study and has significant reserves. The company aims to contribute to global molybdenum supply and is supported by the European Raw Materials Alliance.
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Average Trading Volume: 4,260
Technical Sentiment Consensus Rating: Sell
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