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The agreement, valued at $115.06m, involves the supply of Solvent Extraction and Electrowinning (SX-EW) technology.
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The exploration comprises a fully funded two-rig operation drilling 8,000m, actively underway.
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The agreement aims to provide a sustainable molybdenum supply from Greenland, refined in Belgium for European standards.
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The deal includes $103,001 cash payment and issuing 12.5 million fully paid ordinary shares to the vendor.
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The phase 2 involved drilling 38 holes, totalling 3,914m.
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The programme focuses on key areas of the project, particularly exploration Targets 2, 3, 4, and 5.
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