Greenland Resources targets listing on a US exchange after an agreement between the US and Denmark

Reuters, September 21 - Greenland Resources (MOLY.TO) said on Monday it is evaluating upgrading its stock listing to a major U.S. securities exchange.

This move follows a defense agreement (link) reached between Greenland, Denmark, and the United States, which the company believes could increase investment certainty in the region's mining sector.

• Greenland Resources shares soared 11.5% to 1.84 Canadian dollars.

• The company said it has signed binding long-term supply agreements with steelmakers Outokumpu and SSAB, with its feasibility study assuming a molybdenum price of $18 per pound, while the current market price is around $33 per pound.

• The company is currently listed on the Toronto Stock Exchange and traded over-the-counter in the U.S. It did not disclose potential U.S. exchanges or provide a timeframe for the proposed listing.

• Other U.S.-listed stocks linked to Greenland mining also surged. Rare earths miner Critical Metals (CRML.O) soared 34.5% to $9.05; the company shares majority ownership of the Tanbreez rare earth project.

• Key mineral developer Greenland Mines GRML.O saw its shares more than triple to $9.99; while Greenland Energy GLND.O, an oil explorer focused on the Jameson Land Basin in eastern Greenland, jumped over 100% to $2.99.

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