Greenland Resources Provides Update on EUR 50 Million Equity Investment Led by Horizon Europe

NUUK, Greenland--(BUSINESS WIRE)--Greenland Resources (TSX:MOLY, FSE:M0LY) is pleased to announce that it has applied for an equity investment from the European Innovation Council EIC STEP Scale Up (“EIC STEP”). The application stipulates a total equity investment of €50 million partly funded by Horizon Europe with the remainder provided by targeted committed capital providers. The application has successfully passed an eligibility criteria assessment, achieved the Sovereignty STEP Seal project.