Canada has given C$7 million ($4.93 million) in grants to a Greenland molybdenum mining project, a critical metal used in aerospace, energy, and defence, Greenland Resources said on Monday.
Molybdenum Mining Project
Greenland Resources is developing the open-pit Malmbjerg mine in east Greenland, which holds deposits of molybdenum, classified as a critical mineral by both the European Union and the United States.
The Canadian government has signed an agreement for the non-repayable contribution through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme, the company said in a statement.
Molybdenum is a silvery-white metal used primarily to strengthen steel and improve its resistance to heat and corrosion, making it critical for industrial applications such as defence and clean energy.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
