NEO Exchange Enters Mining Industry With Public Mention of Greenlandic Resources

Canadian Mining Company focuses on strategic minerals

TORONTO, September 20, 2021–(BUSINESS WIRE)–The NEO exchange proudly announces the public listing of Greenland Resources Inc. (“Greenland Resources” or the “Company”), a Canadian mining company focused on developing its flagship project, the Malmbjerg molybdenum deposit in eastern Greenland. The company begins trading today under the symbol MOLY, following the successful completion of the summer program for feasibility studies and environmental baseline studies.

According to The World Banks, molybdenum is mainly used in steel and chemicals and is an essential mineral needed in several technologies in the coming green energy transition. 2020 Report on Minerals for Climate Action. When added to steel and cast iron, it improves strength, hardenability, weldability, toughness, temperature strength and corrosion resistance. “Europe is one of the largest users of molybdenum in the world, but has no molybdenum production of its own,” explained Dr. Ruben Shiffman, chairman and president of Greenland Resources Inc. “Led by a management team with an extensive track record in mining and capital markets, the Greenland Resources Malmbjerg project aims to supply the European market with environmentally friendly molybdenum from a responsible source.”

“We have promised our investors an innovative senior marketplace that will enable them to find liquidity and transparency,” continued Dr. Shiffman. “We chose the NEO Exchange because it represents a modern marketplace with new ideas, visibility and investor awareness, and an unparalleled level of service and support.”

Investors can trade stocks from MOLY through their usual investment channels, including discount brokerage and full-service dealer platforms.

“Greenland Resources is a landmark listing for the NEO Exchange. It marks our official entry into the mining and natural resources industry and we are eager to provide much-needed competition that the industry has been sorely lacking” said Jos Schmitt, President and CEO of NEO. “With a focus on strategic minerals critical to tomorrow’s technologies, Greenland Resources is a co-contributor to the innovation economy, such as NEO. Their decision to list on NEO, a Tier 1 exchange, was a strategic one. evidence of our relentless drive to do what’s right for fund raisers and investors, deliver results and champion the continued success of our issuers.”

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About the NEO Exchange

The NEO Exchange is Canada’s tier 1 exchange for the innovation economy, bringing together investors and capital acquirers in a fair, liquid, efficient and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor confidence, high-quality liquidity and broad awareness, including unfettered access to market data.

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About Greenland Resources Inc.

Greenland Resources is a Canadian reporting publisher with the Ontario Securities Commission as its principal regulator. Greenland Resources’ operations are focused on developing its 100% owned Climax-type pure molybdenum deposit in central East Greenland. With offices in Toronto, the company is led by a management team with an extensive track record in mining and capital markets.

Contact Greenland Resources: Website

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20210920005485/en/

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