Greenland Resources Advances Malmbjerg Project with €163K EU Grant and Expanded Field Program
Event summary
- Greenland Resources completed its expanded summer field program on September 17, 2026, involving 33 professionals from Austria, Canada, and Greenland.
- The company received a partial payment of €163,025 (C$261 thousand) under the EU Horizon Europe investment program for the BOREAS project.
- The field program included glacier-geometry interpretation, geotechnical inspections, and optimization of the Doppelmayr transportation conveyor.
- 8 tonnes of diamond drill core and 14 tonnes of saline and fresh water were collected for metallurgical pilot plant operational testing.
The big picture
Greenland Resources' successful summer field program and EU grant receipt underscore the strategic importance of the Malmbjerg project in securing critical molybdenum supply for the EU. The project's alignment with EU's RESourceEU initiative and support from the European Raw Materials Alliance highlight its role in addressing the region's raw material needs. The Malmbjerg deposit's scale, with proven and probable reserves totaling 245 million tonnes, positions it as a key player in the global molybdenum market.
What we're watching
- Project Execution
- The pace at which Greenland Resources can translate field program results into detailed project engineering and procurement of key equipment.
- Funding Dynamics
- Whether the ongoing €50 million EU Horizon Europe investment program will continue to support the Malmbjerg project.
- Operational Risk
- How the challenging glacier environments will impact the establishment of proposed construction and operational infrastructure.
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