11:12:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Greenland Resources Inc
Symbol MOLY
Shares Issued 104,672,863
Close 2023-02-06 C$ 1.35
Market Cap C$ 141,308,365
Recent Sedar Documents

Greenland Resources holders elect four directors at AGM

2023-02-06 17:17 ET - News Release

Mr. Ruben Shiffman reports

GREENLAND RESOURCES ANNOUNCES VOTING RESULTS

Greenland Resources Inc. has released the director voting results from the company's ordinary course annual general meeting held on Feb. 6, 2023. Each of the four director nominees proposed by management was elected by over 99 per cent of the votes cast, demonstrating robust shareholder confidence and support for the board. Details of the voting results are provided in the attached table.

About Greenland Resources Inc.

Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100-per-cent-owned, world-class, Climax-type pure molybdenum deposit located in central-east Greenland. The Malmbjerg molybdenum project is an open-pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a National Instrument 43-101 definitive feasibility study completed by Tetra Tech in 2022, with proven and probable reserves of 245 million tonnes at 0.176 per cent MoS2 (molybdenum disulphide), for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years 1 to 10 is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23 per cent MoS2. The project had a previous exploitation licence granted in 2009. With offices in Toronto, the company is led by a management team with an extensive record in the mining industry and capital markets.

The project is supported by the European Raw Materials Alliance (ERMA) as stated in its news release dated June 13, 2022, a knowledge and innovation community of the European Institute of Innovation and Technology (EIT), a body of the European Union.

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