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Greenland Resources Inc. ( (TSE:MOLY) ) just unveiled an announcement.
Greenland Resources Inc. has re-assayed 233 core samples from its Malmbjerg molybdenum orebody and identified rare earth element mineralization of up to 579.5 ppm total rare earth oxide, along with anomalous magnesium and gallium values. The company is now undertaking petrographic analysis to identify the specific minerals hosting magnesium and rare earths, with the aim of assessing whether these critical minerals can be economically recovered as by-products, potentially creating capital and operating cost synergies and enhancing the value and strategic importance of its long-life molybdenum operation for industrial customers and other stakeholders.
The most recent analyst rating on (TSE:MOLY) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Greenland Resources Inc. stock, see the TSE:MOLY Stock Forecast page.
Spark’s Take on TSE:MOLY Stock
According to Spark, TipRanks’ AI Analyst, TSE:MOLY is a Neutral.
The score is held down primarily by weak financial performance (pre-revenue, ongoing losses and cash burn, and a shrinking equity base). Technicals are mildly supportive with RSI near oversold, while valuation is constrained by lack of profitability and no dividend support. Offsetting these, multiple recent corporate events are constructive, highlighting improved strategic traction and potential financing/market-access catalysts.
To see Spark’s full report on TSE:MOLY stock, click here.
More about Greenland Resources Inc.
Greenland Resources Inc. is a mining and exploration company focused on developing the Malmbjerg molybdenum project in Greenland. The company’s primary product is molybdenum, targeted for long-term supply to major global steel producers, and it is pursuing operational efficiencies and potential by-product streams from associated critical minerals within its orebody.
Average Trading Volume: 256,089
Current Market Cap: C$243.9M
See more insights into MOLY stock on TipRanks’ Stock Analysis page.