News Release

NEO Exchange Enters Mining Industry With Public Listing of Greenland Resources

Canadian Mining Company Focuses on Strategic Minerals

TORONTO–(BUSINESS WIRE)–The NEO Exchange is proud to announce the public listing of Greenland Resources Inc. (“Greenland Resources” or the “Company”), a Canadian mining company focused on the development of its flagship project, the Malmbjerg molybdenum deposit in east-central Greenland. The Company begins trading today under the symbol MOLY, following the successful conclusion of its summer feasibility study field program and environmental baseline studies.

Used mainly in steel and chemicals, molybdenum is a critical mineral required in various technologies in the upcoming green energy transition, according to The World Bank’s 2020 Report on Minerals for Climate Action. When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. “Europe is one of the largest molybdenum users in the world, yet 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 the mining industry and capital markets, the Greenland Resources Malmbjerg project seeks to supply the European market with environmentally-friendly molybdenum from a responsible source.”

We promised our investors an innovative senior marketplace that will allow 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 incomparable level of service and support.”

Investors can trade shares of MOLY through their usual investment channels, including discount brokerage platforms and full-service dealers.

“Greenland Resources is a milestone listing for the NEO Exchange. It marks our official entrance into the mining and natural resources sector and we are eager to offer the much-needed competition the sector has been sorely lacking,” commented Jos Schmitt, President and CEO of NEO. “With a focus on strategic minerals that are critical to the technologies of tomorrow, Greenland Resources is a fellow contributor to the innovation economy, like NEO. Their decision to list on NEO, a Tier 1 stock exchange, was a strategic one. It’s a testament to our relentless drive to do what is right for capital raisers and investors, deliver results, and champion the continued success of our issuers.”

The NEO Exchange is home to over 160 unique listings, including some of Canada’s most innovative up-and-coming public companies and ETFs from Canada’s largest ETF issuers. Backed by some of the most reputable financial organizations in Canada, the NEO Exchange is the third most active marketplace in the country – closing in on second – and consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, 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 issuer with the Ontario Securities Commission as its principal regulator. Greenland Resources’ business is focused on the development of its 100% owned Climax type pure molybdenum deposit located in central east Greenland. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets.

Connect with Greenland Resources: Website


NEO Media Contact:
Aimee Morita