Greenland Resources Secures MOU with GMH for 25% EU Demand of Low-Emission Molybdenum
Greenland Resources signed an MOU with Germany’s GMH Gruppe to supply ferro-molybdenum and molybdenum oxide from its Malmbjerg project under low-emission standards for automotive, energy and defence markets. Malmbjerg’s NI 43-101 study outlines 571 Mlb of molybdenum, US$820 M capex, 33.8% IRR and 2.4-year payback, covering 25% of EU demand.
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