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Greenland on Thursday handed a 30-year permit to a European Union-backed project that aims to mine molybdenum, a critical ...

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Greenland has given permission to a Canadian mining company to explore for molybdenum, a metal critical to the production of ...

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The permit was granted to Toronto-based Greenland Resources MOLY-NE, a company backed by the European Raw Material Alliance, ...

Malmbjer is expected to supply roughly 25% of the EU’s annual molybdenum demand over its first decade of operation.

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Greenland Resources Inc., which is based in Toronto, got a 30-year exploitation permit for molybdenum and magnesium at the Malmbjerg project in east Greenland, according to a statement late Thursday.