Greenland looks to extract molybdenum and magnesium, rare-earths may be next

Thirty-year exploitation permit for molybdenum and magnesium at Malmbjerg, while coarse-grained rare-earths confirmed at Grønnedal.

Greenland Resources Inc has signed a 30-year exploitation permit for molybdenum and magnesium for the company’s Malmbjerg project in east Greenland. This could potentially be extended up to 50 years.

Mining activities must commence no later than 31 December 2028, unless otherwise approved.

The company says that the primary molybdenum in the Malmbjerg project is ideal for defence and high-performance steel applications, due to low deleterious elements and long-term security of supply.

Meanwhile, Eclipse Metals has mineralogical results from the country confirming dominant synchysite, bastnasite and monazite mineralogy - ideal for Nd-Pr permanent magnet feedstock.

The company says that the coarse grain size of key rare-earth element minerals, with up to 54% liberation, supports conventional flotation pathways.

It also reports significantly elevated niobium and yttrium grades.