Greenland Resources Signs Letter of Intent With FLSmidth for Metallurgical Process Equipment

15 June 2023

Greenland Resources Inc. is pleased to announce the signing of a letter of intent (“LOI”) for supply of metallurgical process equipment, technology, services, and technical solutions for the Malmbjerg Molybdenum Project (the “Project”) with Danish FLSmidth A/S, a full flowsheet technology and service supplier to the global mining and cement industries.

The Company has now added FLSmidth to the list of Denmark based companies that are associated with the Project such as the world class Danish chemical molybdenum end user announced in the Company’s press release of January 19, 2023 as well as WSP Danmark A/S for environmental and social and COWI A/S for navigation. These relationships are expected to facilitate equipment financing from government banks in Denmark.