LOI To Strengthen Future Supply Chain Of Low-Emission High-Quality Molybdenum

LOI To Strengthen Future Supply Chain Of Low-Emission High-Quality Molybdenum

TORONTO – Greenland Resources Inc. has signed a letter of intent (LOI) with Outokumpu Europe Oy for the supply of a significant amount of molybdenum from the Malmbjerg molybdenum project. Outokumpu is a major global stainless steel producer and one of the largest molybdenum consumers worldwide and has a long history as a mining company before focusing on stainless steel. Greenland Resources sees a very good fit on Outokumpu and looks forward to continuing negotiations on further detailed cooperation.