Greenland Resources Inc. reports corporate and market-access developments for its publicly traded shares, including OTCQB trading under GRLRF, DTC eligibility for U.S. clearing and settlement, and continued trading on Cboe Canada and the Frankfurt market. Company updates also reference its resource project and support from the European Raw Materials Alliance, linking the issuer’s capital-markets activity with its raw-materials development focus.
Greenland Resources (GRLRF) welcomed the Canada-EU Alliance for the Future, which includes an agreement to facilitate EU investment in critical raw materials. The company views the Alliance and European Investment Bank agreement with Canada as positive for its European market strategy.
Greenland Resources received a non-repayable Canadian government contribution this year, continues detailed engineering and is working with the European Commission and EU steel industry to finance part of its capital spending.
Greenland Resources (GRLRF) reported progress on a potential €50 million equity financing that may include EIC STEP and an industry investor. EIC Fund due diligence and negotiations are ongoing. The company has completed eligibility assessment and received a juror panel recommendation regarding a potential EIC Fund investment. Financing remains subject to EIC Fund’s final decision and definitive documentation with other parties.
Greenland Resources (GRLRF) announced shareholder voting results from its annual and special meeting held on October 9, 2026.
All four director nominees were elected: Ruben Shiffman with 99.42% support, Leonard Asper with 99.51%, and James Steel and Nauja Bianco each with 99.97%. Shareholders approved McGovern Hurley's reappointment as independent auditor and authorized the board to set its remuneration, with 99.98% support. The new long-term incentive plan, including all unallocated entitlements and grants already made under it, received 98.86% support.
Greenland Resources (GRLRF) collected materials for testing potential magnesium and rare earth element recovery as by-products at its Malmbjerg project.
More than eight tonnes of core and fourteen tonnes of saline and fresh water were collected during the summer field program. The materials are expected to reach SGS Lakefield, Ontario, around October 12. Testing will continue until March 2028, assessing recovery rates and concentration grades. The feasibility study received a $7 million non-repayable contribution from Natural Resources Canada and also covers molybdenum flotation optimization using fresh and saline water. Laboratory results will determine whether the programs progress to continuous pilot-scale testing.
Greenland Resources (GRLRF) highlights recent developments following a new defence agreement among Greenland, Denmark, and the United States, which it believes will enhance security, investment, and long-term mineral supply from Greenland.
The company has signed binding long-term agreements with major global steel producers, including Outokumpu and SSAB; SSAB’s mills in Sweden, Finland, and the United States accounted for 30% of Greenland Resources’ revenues in 2025. The project Feasibility Study is based on a molybdenum price of US$18 per pound versus an approximate current market price of US$33 per pound, with price sensitivities detailed in its NI 43-101 Feasibility Study. Greenland Resources will present at the Think Equity Conference on October 15 at the Mandarin Oriental Hotel in New York and hold one-on-one investor meetings. The company trades on the Toronto Stock Exchange as MOLY and on OTCQX as GRLRF, and is evaluating a potential uplisting to a major U.S. exchange.
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.