Greenland Resources Granted 1,147.76 km2 Mineral License Surrounding Its Current Exploitation License

Executive Summary

• The Government of Greenland granted Greenland Resources an exclusive special exploration license (MEL‑S 2026‑07) covering 1,147.76 km² in the Semersooq region adjacent to its existing molybdenum‑magnesium exploitation licence.
• The new area is expected to host multiple highly anomalous molybdenum geochemical anomalies that could augment the Malmbjerg project’s resource base.
• Greenland Resources will initiate a hyperspectral survey and broader exploration program within the newly acquired concession.

Key Details

• License Scope: 1,147.76 km² special exploration licence (MEL‑S 2026‑07) – exclusive rights to explore for all minerals except hydrocarbons and radioactive elements.
• Location: Semersooq region, east coast of Greenland, surrounding the existing Malmbjerg exploitation licence.
• Strategic Significance: Provides a dominant mineral licence position on Greenland’s east coast, enhancing the company’s ability to expand its molybdenum‑magnesium project footprint.
• Exploration Potential: Geological Survey of Denmark and Greenland data indicate multiple sites with highly anomalous molybdenum values within the new area.
• Planned Work Program: Implementation of hyperspectral airborne surveys followed by ground‑based follow‑up to delineate prospective targets.
• Qualified Person Review: Release reviewed and approved by Jim Steel, P.Geo., M.B.A., Director and Qualified Person under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)