Greenland Resources has entered into a memorandum of understanding (MoU) with GMH Gruppe for the long-term supply of molybdenum.
This agreement follows the European Commission's inclusion of Greenland Resources' Malmbjerg project as a priority in its RESourceEU programme.
The MoU outlines a plan for a supply agreement involving ferro-molybdenum, molybdenum-oxide, and briquettes made from molybdenum ore mined in Greenland by the company, which will be refined in Belgium.
The Malmbjerg project is an open-pit molybdenum venture with magnesium as a byproduct.
It is situated within Greenland Resources' exclusive mineral exploitation licence area 2025-115 in east-central Greenland.
GMH Gruppe, known for its sustainable production methods, operates more than 15 production sites, primarily in Germany.
It specialises in steel products, utilising electric arc furnaces that reduce carbon dioxide emissions by 80% compared to traditional methods.
This MoU will enable GMH to secure a stable supply of molybdenum with high sustainability standards from an EU-associated country.
The EU is the second-largest consumer of molybdenum globally but lacks extraction capabilities.
Germany is the EU's largest user and has classified molybdenum as a high-risk material on its Criticality List. Similarly, Canada recognises molybdenum as significant in its critical minerals list.
Canada Minister of Energy and Natural Resources Tim Hodgson said: “Last year I was pleased to travel to Berlin and sign a Declaration of Intent with Germany to Strengthen Cooperation on Critical Minerals.
“Following that, in October 2025, on the margins of the G7 Energy and Environment Ministers’ Meeting in Toronto, the Government of Canada issued a communiqué where the Canadian mining company Greenland Resources was highlighted for its contribution to the Italian steel sector – now, I am pleased to see Greenland Resources moving forward and also contributing to the Germany steel industry, another important G7 ally.”
In September 2025, Greenland Resources signed an MoU with Hempel Metallurgical for the long-term supply of molybdenum to the German steel industry.
