€0.5mln to aid magnesium production by Greenland Resources
EIT RawMaterials' investment seeks to accelerate low-carbon magnesium production in Europe.
Greenland Resources is the developer of the Malmbjerg molybdenum project in central-east Greenland, where magnesium is being assessed as a potential by-product.
The investment will support testing and scale-up of innovative, low-emission technologies to extract magnesium from saline process water at the company’s primary molybdenum operation.
Additional funds will also target recovery of by-product magnesium from primary ore.
Magnesium is an EU-designated critical and strategic raw material. Therefore, EIT RawMaterials presents strengthening of domestic and allied supply, while reducing carbon intensity as an EU priority.
By supporting technology to recover magnesium from both process water and primary ore, this project aims to unlock new, lower-carbon sources of a metal essential for lightweight alloys and advanced manufacturing.
Greenland Resources announced in June 2025 that it received a 30-year exploitation licence for molybdenum and magnesium, providing a solid permitting foundation for the development pathway referenced in this investment.
