MOU Signed To Strengthen Molybdenum Supply To German Steel Industry

TORONTO – Greenland Resources Inc. announced the signing of a memorandum of understanding (MOU) for long term molybdenum supply with Düsseldorf based company Hempel Metallurgical GmbH. Based on Greenland Resources NI 43-101 Feasibility study, plus offtake and roasting agreements, the Company is now positioned to become the largest worldwide molybdenum supplier to Germany.
The MOU sets the path for a supply agreement of Molybdenite concentrate as well as secondary products like Ferromolybdenum and Molybdenum Oxide. The partnership focuses on supplying high quality low emissions molybdenum from Greenland to the German steel industry with roasting in Belgium.