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Greenland Resources Inc. ( (TSE:MOLY) ) has provided an announcement.
Greenland Resources Inc. has signed a memorandum of understanding with Germany’s GMH Gruppe for long-term supply of molybdenum products, including ferro-molybdenum, molybdenum oxide and briquettes, sourced from its Malmbjerg project in Greenland and refined in Belgium. The agreement positions Greenland Resources as a strategic supplier of a critical raw material to one of Europe’s leading sustainable steel producers, supporting Germany’s high-risk molybdenum needs and the EU’s broader critical minerals strategy, while potentially strengthening the company’s role in European supply chains and underscoring Canada’s push to expand critical mineral trade with key G7 allies.
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 Canadian public mining company focused on developing its 100%-owned Malmbjerg Climax-type primary molybdenum deposit in central east Greenland. The open-pit project features an environmentally focused mine design with reduced water use, low aquatic disturbance and a modular infrastructure footprint, and is supported by a 2022 NI 43-101 definitive feasibility study outlining substantial molybdenum reserves and attractive projected economics. The project also contains magnesium as a byproduct, targeting a market largely dominated by China.
Average Trading Volume: 255,785
Current Market Cap: C$257.1M
For detailed information about MOLY stock, go to TipRanks’ Stock Analysis page.