Greenland Resources Inc. (MOLY) Financings
TSX: MOLY · Molybdenum, Magnesium · Development stage
- Market cap$198.9M
- Share price$1.47
- 52-week range$1.25 – $2.29
- Shares outstanding135,339,231
- ExchangeTSX
- Websitewww.greenlandresources.ca
Greenland Resources is a publicly listed Canadian and Greenlandic company developing Malmbjerg, a world-class Climax-type primary molybdenum deposit near tidewater in east-central Greenland. The project has a NI 43-101 Definitive Feasibility Study produced by Tetra Tech, a 30-year molybdenum and magnesium exploitation licence, an environmentally responsible mine design, and binding long term offtake agreements with major EU steel producers. Proven and probable reserves total 245 million tonnes grading 0.176% MoS 2, containing 571 million pounds of molybdenum. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS 2, approximately 25% of EU total yearly consumption and 100% of EU defence needs.
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Greenland Resources Inc. financial statements
Key figures read from 4 of 4 financial statement filings, Dec 26, 2025 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | |
|---|---|---|
| Total assets | C$10,568,031 | C$2,030,559 |
| Total liabilities | C$401,773 | C$579,214 |
| Shareholders' equity | C$10,166,258 | C$1,451,345 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | |
|---|---|---|
| Exploration and evaluation expense | C$1,846,923 | C$1,001,833 |
| General and administrative | C$3,461,706 | C$2,141,907 |
| Share-based compensation | C$1,121,255 | C$128,117 |
| Net income (loss) | (C$7,514,124) | (C$4,058,773) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | |
|---|---|---|
| Operating cash flow | (C$6,755,806) | (C$3,532,724) |
| Financing cash flow | C$15,107,782 | C$1,680,465 |
| Change in cash | C$8,351,976 | (C$1,852,259) |
| Cash at end of period | C$10,179,818 | C$1,827,842 |
Greenland Resources Inc. financings
1 financing announced or closed by Greenland Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-27 | Greenland Resources Inc. (MOLY) | Private placement | Announced | EUR $50.0M | — | Greenland Resources Provides Update on EUR 50 Million Equity Investment Led by Horizon Europe |