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Canada backs Greenland mine producing metal crucial to defence industries
The non-repayable grant will fund metallurgical testing and by-product recovery work as Canada seeks secure supplies of a critical metal.
- On Monday, the Canadian government signed an agreement to provide C$7 million in non-repayable funding to Greenland Resources for its Malmbjerg molybdenum project, marking the first G7 government investment in Greenland mining.
- Molybdenum strengthens steel against heat and corrosion, making it critical for aerospace, energy, and defence industries; both the European Union and United States classify it as a critical mineral.
- China, which accounts for around 40% of global molybdenum production, imposed export controls in early 2025, heightening Western supply security concerns; the project also targets magnesium, a market dominated 89% by China.
- Supported by the European Raw Materials Alliance, the project will run a metallurgical program until March 2028 using Canadian expertise to evaluate molybdenum processing and assess recovery of magnesium and rare earth elements.
- The Malmbjerg project holds 571 million pounds of contained molybdenum metal according to its definitive feasibility study; the European Commission designated it a priority project in December 2025, underscoring its strategic importance for European defence needs.
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Hastings Tribune+2 Reposted by 2 other sources
TORONTO--(BUSINESS WIRE)--Jun 29, 2026-
·Nebraska, United States
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Canada backs Greenland mine producing metal crucial to defence industries
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.
·New York, United States
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Las Vegas SunReposted by 
Financial Post
Financial PostGreenland Resources Receives Final Approval for a $7 Million Non-Repayable Contribution From the Government of Canada
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·Las Vegas, United States
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Canada becomes first G7 nation to fund Greenland mining
Canada becomes first G7 nation to fund Greenland mining June 30, 2026 Posted by: Quatro Strategies Categories: Americas, Europe, Mining & Metals, Rare Earths & Commodities No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_custom_15…
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Coverage Details
Total News Sources10
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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