Greenland Resources Signs Letter of Intent With FLSmidth for Metallurgical Process Equipment
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Greenland Resources has signed a letter of intent (LOI) for supply of metallurgical process equipment, technology, services, and technical solutions for the Malmbjerg Molybdenum Project with Danish FLSmidth, 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 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.
FLSmidth is a full flowsheet technology and service supplier to the global mining and cement industries. They help their customers to improve performance, lower operating costs and reduce environmental impact. With their MissionZero program, they have set a target of providing solutions for zero-emissions mining and zero-emissions cement production by 2030, supporting a green transition built upon sustainable materials. FLSmidth operations span the globe and include close to 11,000 employees, present in more than 60 countries.
Greenland Resources is focused on the development of its 100 percent owned world-class climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a definitive feasibility study completed by Tetra Tech in 2022. The project had a previous exploitation license granted in 2009. With offices in Toronto, the company is led by a management team with an extensive track record in the mining industry and capital markets.
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