Announcement Date: 2022-04-11
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: Greenland Resources Inc.
Project name: Malmbjerg
Location: Greenland
Commodities: Molybdenum
Highlight: Feasibility Study results incl. post-tax NPV (6%) of US$1.17B & IRR of 22.4%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ONTARIO — (February 23, 2022) – Greenland Resources Inc. (NEO:MOLY, FSE:2LF) (“Greenland Resources” or the “Company”) is pleased to announce the results of the NI 43-101 Definitive Feasibility Study for its 100% owned Malmbjerg Molybdenum project (the “Project”), located in east central Greenland. Dr. Hardy Mohrbacher, Greenland Advisory Board Member commented: “European steelmakers are specialized and leading in the production of high-performance steels, which enhance efficiency in power generation, transport, mobility, and construction. Using stronger steels means lower product weight, less raw material consumption, less waste, and often lower total cost. Molybdenum is the most powerful alloying element for achieving ultra-high strength in steels and, thus, it is key to sustainable and green technologies. Ultra-high strength steels typically demand high cleanliness and lowest levels of impurities to avoid embrittlement and unexpected failure during service. This requires not only superior steelmaking technology but low critical residuals from ferroalloys. Residuals of the most relevant
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