Greenland Resources evaluates major US exchange listing after Denmark deal
Greenland Resources said it is evaluating uplisting to a major US exchange following a defense agreement among Greenland, Denmark and the United States. The company said shares surged 11.5% to C$1.84 and that it has binding long-term supply agreements with Outokumpu and SSAB; its feasibility study assumes a molybdenum price of $18/lb versus about $33 currently.
Sept 21 (Reuters) — Greenland Resources said on Monday that it was evaluating uplisting to a major US exchange. The move follows a defense agreement among Greenland, Denmark and the United States, which the company believes could improve investment certainty for the region's mineral sector. 84 The company said it has binding long-term supply agreements with steelmakers Outokumpu and SSAB, while its feasibility study assumes a molybdenum price of $18 per pound versus current market price of about $33. The company currently trades on the Toronto Stock Exchange and over the counter in the US.
It did not identify a potential US exchange or provide a timeline for the proposed listing. 05; the company co-owns a majority stake in the Tanbreez rare earths project. 99. com)