Greenland Resources Inc. (MOLY) AI Stock Analysis

• Market Cap: C$229.40M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 6.22
• Revenue Growth: N/A
• EPS Growth: 1.81%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 131,838,910
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$2.00 ▲(14.94% Upside)

The score is primarily held down by weak financial performance (pre-revenue, ongoing losses, negative free cash flow, and a shrinking equity base) and limited valuation support (negative P/E, no dividend yield provided). Technicals are a partial offset due to strong recent momentum and a positive MACD, though overbought readings add near-term risk.

Positive Factors

No reported debt

Having no reported debt materially reduces financial leverage and interest costs for a project developer. Over the medium term this preserves flexibility to time equity or partner financings, lowers bankruptcy risk, and improves the company’s ability to pursue capex or permitting without fixed interest burdens.

Improving losses and cash outflow

Narrowing net losses and reduced operating cash outflow signal improving cost control and operational discipline. Persisting this trend can extend the company’s runway, reduce near-term external financing needs, and make future project financing or offtake partnerships more attainable by demonstrating tightening unit costs and stewardship of capital.

Molybdenum commodity exposure

Concentration on molybdenum ties the company to a commodity with durable industrial demand from alloy and specialty steel markets. Structural demand from infrastructure, energy and industrial metals supports long-term offtake prospects for a producing asset, improving the strategic case for advancing a development project.

Negative Factors

Pre-revenue status

Operating with no revenue means the firm’s value and ability to progress to construction depend entirely on successful project execution and external funding. Over months this sustains high execution and market-risk exposure, increases dilution probability, and leaves the company vulnerable if financing windows or partner interest weaken.

Consistent negative cash flow and funding reliance

Ongoing negative operating and free cash flow creates a persistent financing requirement. Reliance on external capital raises execution risk, can force dilutive equity issuance or expensive project-level deals, and may delay development milestones if markets tighten or partner/sponsor interest wanes over the medium term.

Materially eroded equity base

A sharply reduced equity base weakens the company’s capital cushion and its ability to absorb further losses or secure project financing on favorable terms. Over time this elevates dilution risk, reduces borrowing capacity, and can limit negotiating leverage with strategic partners or lenders during critical development stages.

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 was formerly known as Primera Bioscience Research Inc. and changed its name to Greenland Resources Inc. in June 2014. Greenland Resources Inc. was incorporated in 2008 and is headquartered in Toronto, Canada.

How the Company Makes Money

Greenland Resources Inc. makes money by extracting and selling molybdenum from its mining operations. The company's primary revenue stream comes from the sale of molybdenum concentrate, which is processed and sold to industrial customers globally who use it in manufacturing and production processes. The company may also engage in strategic partnerships and joint ventures to enhance its mining operations and access new markets, contributing to its earnings. Additionally, factors such as market demand for molybdenum, commodity prices, and operational efficiency play significant roles in the company's financial performance.

Greenland Resources Inc. Financial Statement Overview

Summary

Greenland Resources Inc. is facing significant financial challenges. The company has no revenue, ongoing operational losses, and negative cash flow, indicating struggles in achieving profitability. The balance sheet shows a debt-free position, which provides some stability, but the reliance on external financing is concerning.

Income Statement

Greenland Resources Inc. has reported no revenue over multiple periods, which is a critical weakness for any company. The company is consistently experiencing negative EBIT and Net Income, indicating ongoing operational and net losses. This lack of revenue and persistent losses suggest significant financial challenges in achieving profitability.

Balance Sheet

The company's balance sheet shows a strong equity position with no debt, reflected in a Debt-to-Equity Ratio of zero. However, the Return on Equity is negative due to the net losses. The Equity Ratio suggests that the company is primarily financed through equity, which provides financial stability but also highlights the absence of leverage that could potentially boost returns.

Cash Flow

The cash flow analysis reveals substantial negative operating cash flow, which signifies that the company is not generating cash from its core operations. The negative free cash flow further underscores the challenges in sustaining operations without external financing. The financing cash flow indicates reliance on external sources to fund operations, which may not be sustainable in the long term.

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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GRSL	56 Neutral	C$216.58M	-24.51	-50.60%	―	―	-235.10%
LI	53 Neutral	C$216.97M	-22.08	-7.81%	―	―	59.70%
FL	51 Neutral	C$225.96M	-16.44	-144.30%	―	―	34.36%
LTH	51 Neutral	C$197.04M	-56.35	-53.32%	―	―	93.58%
KLD	50 Neutral	C$221.32M	-27.03	-16.22%	―	2.30%	-191.83%
MOLY	46 Neutral	C$229.40M	-40.18	-72.69%	―	―	1.81%

Greenland Resources Inc. Corporate Events

Greenland Resources Discovers Rare Earth Potential at Malmbjerg Molybdenum Project

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.

Greenland Resources Strikes Long-Term Molybdenum Supply Deal with Germany’s GMH Gruppe

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.

Greenland Resources Gains EU Support for Molybdenum Project

Greenland Resources Inc. announced that the European Commission has expressed support for its Malmbjerg molybdenum project in Greenland, as part of the EU’s RESourceEU initiative. This project is expected to create a fully European supply chain for molybdenum, crucial for advanced steel and clean technologies, and will significantly enhance EU’s strategic autonomy. The company has secured long-term offtake agreements with major European companies and is supported by European export credit agencies for project financing, highlighting its strategic importance to both the EU and Greenland.

Greenland Resources to List on Toronto Stock Exchange

Greenland Resources Inc. announced that its common shares will begin trading on the Toronto Stock Exchange (TSX) on December 5, 2025, marking a strategic move from the Cboe Canada. This transition, supported by BMO Nesbitt Burns Inc., aligns with the company’s focus on expanding its market presence. The listing on TSX is expected to enhance the company’s visibility and access to capital markets, potentially strengthening its position in the mining industry, particularly in supplying molybdenum to the EU, which is crucial for green energy technologies and defense sectors.

Greenland Resources Expands Molybdenum Agreement with Molymet to Germany

Greenland Resources Inc. has expanded its memorandum of understanding with Molymet to include Molymet Germany, alongside Molymet Belgium, for the long-term sales and conversion of molybdenum concentrate. This strategic move enhances the company’s ability to supply the EU with critical molybdenum, which is essential for various industries, including consumer goods, electronics, and defense, thereby strengthening its market position and addressing the EU’s demand for this strategic raw material.

Greenland Resources Secures Financing for Innovative Extraction Technology

Greenland Resources Inc. has successfully closed the first tranche of financing from EIT RawMaterials, receiving €375,000, and completed a private placement, raising C$185,001. The funds will be used to test innovative magnesium extraction technologies at their Malmbjerg molybdenum project and for general corporate purposes. This financing strengthens the company’s position in the raw materials sector and supports its environmentally conscious operations in Greenland.

Greenland Resources Secures EU-Backed Funding for Magnesium Extraction

Greenland Resources Inc. has secured €500,000 in funding from EIT RawMaterials, co-funded by the EU, to test innovative magnesium extraction technologies at its Malmbjerg project in Greenland. This investment is part of a strategic effort to diversify Europe’s supply of critical raw materials and reduce dependency on China, aligning with the EU’s goals to enhance industrial resilience and sustainability.