Greenland Resources Inc. has completed its expanded summer field program at the Malmbjerg molybdenum project in east-central Greenland. The technical work establishes precise coordinate systems, provides detailed seismic and drone-based data on glacier geometry, and supports engineering design for project infrastructure.

The field program involved 33 specialists from Austria, Canada, and Greenland, alongside participants from the nearby community of Ittoqqortoormiit. Operations utilized the chartered vessel Polar Athena as an accommodation and logistics base, with a portion of the vessel charter payment directed to the SOI Foundation to support youth programs in Greenland, Canada, and Europe.

On-site activities included positioning survey stations across the Malmbjerg claim to provide precise coordinates for future infrastructure. Specialists conducted seismic and TEM geophysical surveys to assess subsurface composition, while drone-based photogrammetry mapped ice thickness and structural geology. Doppelmayr Transport Technology personnel performed optimization work on the mountain and valley topographies for the planned RopeCon transportation conveyor, reducing the number of support structures near the tidewater terminus. BGC Engineering inspected glacier environments to determine operational infrastructure requirements, and geotechnical teams performed inspections of the Mellem Valley.

The geological team collected 8 tonnes of diamond drill core based on the initial ten-year molybdenum feed grade, alongside 14 tonnes of saline and fresh water. The material and water samples will be shipped to SGS Lakefield Vancouver for metallurgical pilot plant operational testing.

Financially, Greenland Resources A/S received a partial payment of €163,025 under the EU Horizon Europe investment program for the BOREAS project, which aims to develop autonomous robotic systems for Malmbjerg. The metallurgical testing program is supported by a Government of Canada $7 million non-repayable contribution.

The company holds a 30-year exploitation licence for molybdenum and magnesium at Malmbjerg, granted by the Government of Greenland in June 2025. Financing discussions continue, supported by a non-binding letter of interest of up to US$120 million in project funding received from the Nordic Investment Bank in August 2026. On the commercial side, Greenland Resources signed an eight-year binding offtake agreement in April 2026 with SSAB to supply high-quality molybdenum from the deposit.

Read the full announcement: Greenland Resources Concludes Successful Summer Field Program