Greenland Resources Inc. (TSX:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that as a follow up to its December 3, 2025 press release where the European Commission presented RESourceEU, and mentioned the Company’s Malmbjerg project in Greenland as a priority EU project, the Company has signed a memorandum of understanding (“MOU”) for long term molybdenum supply with ROGESA Roheisen-und Rohstoffgesellschaft Saar mbH, a joint subsidiary of the two steel producers Dillinger (Aktien-Gesellschaft der Dillinger Hüttenwerke) and Saarstahl (Saarstahl Aktiengesellschaft).
The MOU sets the path for a long-term supply agreement covering ferro-molybdenum, molybdenum-oxide and briquettes produced from molybdenum ore extracted in Greenland by the Company that will be refined in Belgium. Dillinger and Saarstahl will be able to ensure a stable and responsibly sourced long term secured molybdenum supply with high sustainability standards and low scope 1&2 emissions from an EU associate country. Dillinger is a producer of heavy plate for highly demanding applications such as oil & gas transport, offshore exploration, wind turbines, boiler construction, mechanical engineering, earthmoving equipment and steel structures. Saarstahl is an established manufacturer of long products which are used in applications that can be subjected to the most extreme conditions. The innovative products are in demand by the automotive and construction industries, the power engineering industry, by general mechanical engineering and by other steel processing industries. Both companies’ products are of key importance to key strategic sectors like renewable power generation, sustainable mobility solutions or defense.
The EU is the second largest molybdenum user worldwide has a large processing capacity but has no extraction. More than 80% of all the metallic materials (including carbon and stainless steels) to be used for defence applications require molybdenum alloying. Germany is the largest user in the EU, classifying molybdenum in the highest risk “category 3” of the Germany Criticality List of strategic raw materials. Additionally, Canada’s critical minerals list also includes molybdenum. Last year in Berlin, Canada and Germany signed a Joint Declaration of Intent to deepen co-operation to secure critical mineral supply chains.
