Greenland Resources has entered into a memorandum of understanding (MoU) with ROGESA Roheisen-und Rohstoffgesellschaft Saar, a joint venture of German steel producers Dillinger and Saarstahl, for the future supply of molybdenum.

This agreement is intended to ensure a stable and sustainable source of molybdenum from Greenland, which will be refined in Belgium to meet European industry standards.

The MoU outlines plan for a long-term agreement that will provide Dillinger and Saarstahl with ferro-molybdenum, molybdenum-oxide, and briquettes derived from molybdenum ore mined by Greenland Resources.

These advanced products are sought after by industries such as automotive, construction, power engineering, general mechanical engineering, and other steel processing sectors.

The products from both companies play a crucial role in strategic areas like renewable energy generation, sustainable transport solutions, and defence.

Dillinger manufactures heavy plates used in challenging applications, including oil and gas transport, offshore exploration, wind energy infrastructure, boilers, mechanical engineering, earthmoving machinery, and steel construction.

Saarstahl produces products designed for applications that endure exceptionally harsh conditions.

Europe, the second largest consumer of molybdenum globally, relies heavily on imports as it lacks domestic extraction capabilities.

Germany, the EU’s largest user of molybdenum, lists the metal as a high-risk resource, underscoring its strategic importance.

In response to shared concerns over critical mineral supply chains, Canada and Germany signed a joint declaration of intent last year to enhance co-operation on securing essential resources like molybdenum.

The European Commission's RESourceEU initiative has previously highlighted the Malmbjerg project in Greenland as a priority EU undertaking.

In September 2025, Greenland Resources signed an MoU with Hempel Metallurgical for the long-term supply of molybdenum to the German steel industry.