Greenland Resources Inc. (TSE:MOLY)
TSX:MOLY
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Greenland Resources Inc.
(TSX:MOLY)
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Rating:43Neutral
Price Target:
C$1.50
▼(-13.79% Downside)
Action:ReiteratedDate:03/19/26
The score is primarily held down by weak financial performance (pre-revenue status, ongoing losses, and continued cash burn with a shrinking equity base). Technical indicators also reflect bearish/weak momentum (price below key moving averages and negative MACD). Valuation offers limited support given negative earnings and no dividend yield data.
Positive Factors
Asset and project focus (Malmbjerg)
Greenland Resources has a clear, single-asset strategy concentrated on the Malmbjerg molybdenum deposit. That focused pipeline reduces diversification risk, aligns capital and management on a defined development path, and preserves upside if molybdenum demand for steel and alloys remains structural.
Negative Factors
Pre-revenue status
With no recurring operating revenue, the firm has not yet proven commercial production or market access for molybdenum. This creates execution risk tied to permitting, construction, and eventual offtake arrangements; it also means long lead times before positive operating cash flow can be realized.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset and project focus (Malmbjerg)
Greenland Resources has a clear, single-asset strategy concentrated on the Malmbjerg molybdenum deposit. That focused pipeline reduces diversification risk, aligns capital and management on a defined development path, and preserves upside if molybdenum demand for steel and alloys remains structural.
Read all positive factors
Greenland Resources Inc. (MOLY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$220.36M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)3.25
Revenue GrowthN/A
EPS Growth1.81%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding135,188,900
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)15.23
Price to Sales (P/S)0.00
P/FCF Ratio-10.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)C$413.00M
Greenland Resources Inc. Business Overview & Revenue Model
Company Description
Greenland Resources Inc., a mining company, engages in the acquisition, exploration, and development of mineral projects in Greenland. Its flagship project is the 100% owned Malmbjerg molybdenum project located in eastern Greenland. The company wa...
How the Company Makes Money
As of publicly available information, Greenland Resources Inc. is primarily a pre-production exploration and development company and does not have disclosed recurring operating revenue from commercial mineral production. Therefore, its typical fun...
Greenland Resources Inc. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -4.18M | -4.06M | 26.10K | -3.77M | -8.43M | -1.19M |
| Net Income | -4.10M | -4.06M | -6.30M | -3.75M | -5.96M | -1.41M |
Balance Sheet | ||||||
| Total Assets | 3.41M | 2.03M | 4.09M | 3.70M | 2.59M | 8.19M |
| Cash, Cash Equivalents and Short-Term Investments | 3.27M | 1.83M | 3.68M | 3.28M | 1.96M | 8.10M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 168.15K | 579.21K | 390.07K | 160.18K | 376.38K | 197.19K |
| Stockholders Equity | 3.24M | 1.45M | 3.70M | 3.54M | 2.21M | 7.99M |
Cash Flow | ||||||
| Free Cash Flow | -4.12M | -3.53M | -5.15M | -3.13M | -7.38M | -724.47K |
| Operating Cash Flow | -4.12M | -3.53M | -5.15M | -3.13M | -7.38M | -724.47K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 1.24M | 80.00K |
| Financing Cash Flow | 4.65M | 1.68M | 5.54M | 4.45M | 1.25K | 7.52M |
Greenland Resources Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$165.41M | -11.19 | -64.64% | ― | ― | -235.10% | |
51 Neutral | C$262.91M | 6.70 | 336.88% | ― | ― | 93.58% | |
50 Neutral | C$198.79M | 71.46 | -16.54% | ― | 2.30% | -191.83% | |
47 Neutral | C$186.76M | -15.35 | 170.54% | ― | ― | 34.36% | |
45 Neutral | C$144.45M | 232.40 | -5.44% | ― | ― | 59.70% | |
43 Neutral | C$220.36M | -33.52 | -72.69% | ― | ― | 1.81% |
* Basic Materials Sector Average
TSE:MOLY
Greenland Resources Inc.
1.63
-0.05
-2.98%
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Greenland Resources Inc. Corporate Events
Business Operations and Strategy
Greenland Resources Secures Eight-Year Molybdenum Off-Take Deal With SSAB
Positive
Apr 1, 2026
Greenland Resources has signed a binding eight-year off-take agreement with Swedish-headquartered steelmaker SSAB to supply high-quality, low-carbon ferromolybdenum sourced from its Malmbjerg project in Greenland and refined in Belgium. The deal, ...
Business Operations and Strategy
Greenland Resources Secures Long-Term Molybdenum Supply MOU With German Steelmakers
Positive
Mar 27, 2026
Greenland Resources Inc. has signed a memorandum of understanding with German steel group partners Dillinger and Saarstahl, via their joint subsidiary ROGESA, for long-term supply of ferro-molybdenum, molybdenum oxide and briquettes sourced from t...
Business Operations and StrategyPrivate Placements and Financing
Greenland Resources Wins Conditional $7 Million Canadian Grant for Malmbjerg Critical Minerals Study
Positive
Mar 2, 2026
Greenland Resources Inc., a Canadian and Greenlandic miner developing the Malmbjerg primary molybdenum deposit in east Greenland, is advancing an open-pit project designed with lower environmental impact and backed by a definitive feasibility stud...
Business Operations and Strategy
Greenland Resources Secures Major New Exploration Licence Around Malmbjerg Project
Positive
Feb 24, 2026
Greenland Resources Inc. has secured an exclusive 1,147.76 km² special exploration licence in Greenland’s Semersooq region, surrounding its existing exploitation licence for molybdenum and magnesium. The licence allows exploration for a...
Business Operations and Strategy
Greenland Resources Discovers Rare Earth Potential at Malmbjerg Molybdenum Project
Positive
Jan 22, 2026
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 compa...
Business Operations and Strategy
Greenland Resources Strikes Long-Term Molybdenum Supply Deal with Germany’s GMH Gruppe
Positive
Jan 20, 2026
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 Green...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.