Greenland Resources Provides Capex Update Commences Project Preconstruction Detailed Engineering
Greenland Resources Inc. is launching a 2026 field program to prepare for preconstruction and initiate a metallurgical program for magnesium and rare earth elements
Greenland Resources Inc. has announced the launch of its 2026 field program for the Malmbjerg project, marking a key step forward in its development schedule. The newly announced program is designed to prepare the site for upcoming preconstruction activities and to facilitate longer-term equipment deliveries. According to the company, these efforts are fully aligned with the initial scope of work that was recently detailed in its project execution plan.[1][2]
Alongside these preconstruction preparations, Greenland Resources is embarking on detailed engineering and has provided an update regarding its capital expenditure. The company also plans to initiate an aggressive metallurgical program at the Malmbjerg project. This specific program will focus on the recovery of magnesium and rare earth elements, expanding the scope of the project's potential resource output.[1]
Greenland Resources, which trades on the Toronto Stock Exchange under the ticker MOLY and on the Frankfurt Stock Exchange under the ticker M0LY, is focusing its upcoming 2026 field season on these dual tracks of engineering preparation and metallurgical testing. The integration of these programs represents a significant phase in the preconstruction planning for the Malmbjerg asset.[1][2]
