Greenland Resources Hires Hardy Mohrbacher for Developing Malmbjerg Molybdenum Deposit

Greenland Resources has appointed Hardy Mohrbacher as senior technical advisor to provide technical direction for the development of the company's Malmbjerg Molybdenum Deposit in eastern Greenland and to strengthen relationships with relevant stakeholders in the EU steel and roasting industry.

Dr. Hardy Mohrbacher holds over 30 years of experience in the mining and metallurgical industry in alloy design, market development, and product applications. His expertise is in the application of molybdenum, niobium, and nickel in steel and foundry alloys. Hardy has had a long career in the European steel industry, working for companies such as Sidmar and OCAS NV in Belgium, ThyssenKrupp and Fraunhofer IZFP in Germany, and the mining company CBMM in Brazil.

In 2007, Hardy founded NiobelCon BV, a Belgian metallurgical consulting firm serving a wide range of steel and molybdenum stakeholders, including the International Molybdenum Association (IMOA). Since 2008, he has been involved in developing the molybdenum alloying market for carbon steel and iron castings and has also worked as an adjunct professor at Shanghai University in China.

Dr. Ruben Shiffman, Chairman, commented: "Hardy is at the paramount of the molybdenum and steel industry worldwide. Our company has been looking for an expert with practical experience and strong scientific competence in the EU molybdenum and steel industry. We are doubly fortunate to have Dr. Mohrbacher on board. His addition will help drive sales of our products to EU end-users and achieve deeper integration in the EU steel and molybdenum industry ecosystem."

Hardy Mohrbacher says: "European steelmakers are leading the way in the production of high-performance steel, which is becoming increasingly important for improving efficiency in power generation, transport, mobility, and construction. Using stronger steel means lower product weight, less raw material consumption, less waste, and often lower total costs.”

Greenland Resources, with offices in Toronto, is led by a management team with extensive experience in the mining industry and capital markets and is focused on developing its 100% owned, world-class pure molybdenum deposit in east-central Greenland. The Malmbjerg Molybdenum Deposit has a proven and indicated resource of 281 million tonnes at 0.18% MoS₂ and contains 661 million pounds of molybdenum metal.

The Malmbjerg project benefited from a feasibility study completed by Wardrop in 2008, an environmental and social impact assessment (SRK, 2007), an engineering optimization concept study (DRA, 2019), and a previous mining license in 2009.

Molybdenum is a metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021).  When added to steel and cast iron, molybdenum enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance.

According to the International Molybdenum Association and the European Commission Steel Report, global molybdenum production will be about 546 million pounds in 2020, with the EU, the world's second-largest steel producer, using about 25 percent of the global molybdenum supply and with no molybdenum production within the EU. Greenland Resources' Malmbjerg Molybdenum Deposit has the potential to supply the EU with about 25 million pounds of molybdenum per year for decades to come.

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