Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Greenland Resources Reassays for Magnesium and Finds Critical Minerals Including Rare Earth Elements

By The Northwire Desk — AI Analysis Jan 21, 2026 · 23:30 MOLY · 1.98 Greenland Resources Inc.
MOLY · Price

Executive Summary

  • Greenland Resources reassayed 233 core samples from the Malmbjerg molybdenum orebody, detecting rare‑earth oxide (TREO) concentrations up to 579.5 ppm.
  • The company will conduct petrographic studies on magnesium‑ and rare‑earth‑bearing minerals to evaluate potential recovery and its impact on project economics.
  • CEO Dr. Ruben Shiffman highlighted the strategic opportunity to co‑produce rare earths alongside molybdenum, leveraging existing 35,000 t/d processing capacity and long‑term offtake agreements.

Key Details

  • Sample set: 233 reasonably distributed core samples selected from five archived diamond drill holes with Mo grades above the NI 43‑101 feasibility cut‑off.
  • Assay scope: 56 elements (including Mo, Mg, REEs) analyzed by SGS S.A., Vancouver.
  • Rare Earth Results (ppm TREO):
  • Lanthanum 4–92 (Avg 18.43)
  • Cerium 16–194 (Avg 50.67)
  • Praseodymium 2.8–22 (Avg 7.19)
  • Neodymium 13–78 (Avg 30.05)
  • Samarium 4.5–14 (Avg 7.89)
  • Europium 0.06–1.37 (Avg 0.17)
  • Gadolinium 3.6–12.5 (Avg 7.15)
  • Terbium 0.48–2.25 (Avg 1.22)
  • Dysprosium 2.5–14.1 (Avg 7.66)
  • Holmium 0.48–2.88 (Avg 1.55)
  • Erbium 1.33–9.08 (Avg 4.74)
  • Thulium 0.19–1.44 (Avg 0.74)
  • Ytterbium 1.30–10.2 (Avg 5.20)
  • Lutetium 0.20–1.46 (Avg 0.75)
  • Gallium (critical mineral): Avg 19.1 ppm.
  • Next steps: Petrographic analysis of selected samples to identify host minerals for Mg and REEs; results will guide a larger assessment program for potential rare‑earth concentrate grades and recovery pathways.
  • Qualified Person: Jim Steel, P.Geo., M.B.A., reviewed and approved the release per NI 43‑101 standards.
  • Sampling & QA/QC (Nov 2025): 593.58 kg of material collected from secure government storage; field duplicates, blind certified reference materials, and blanks inserted every 20 samples; chain‑of‑custody maintained throughout.

Notable Quotes

“We have 20 years of profitable processing of molybdenum ore at a nominal throughput of 35,000 t/d with long‑term offtake agreements… we are encouraged to further investigate potential rare earth recoveries and capex and opex synergies with our molybdenum operation.” – Dr. Ruben Shiffman, CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the full release.

Read the original news release →

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