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Greenland Resources Inc. (Cboe CA:MOLY, FSE:M0LY, OTCQB:GRLRF) has achieved DTC eligibility for its shares in the United States, enabling electronic clearing and settlement through the Depository Trust Company. The Company's primary focus is the development of its 100% owned Malmbjerg molybdenum project in Greenland.
The project features a Definitive Feasibility Study with impressive metrics including: US$820 million capex, 33.8% levered after-tax IRR, and 2.4-year payback. The deposit contains Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, yielding 571 million pounds of molybdenum. The first decade of production is expected to average 32.8 million pounds annually, representing approximately 25% of EU total yearly consumption.
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