Company Overview - Greenland Resources Inc. is a Canadian public company focused on developing its 100% owned Climax type primary molybdenum deposit located in central east Greenland [5] - The Malmbjerg project is an open pit operation designed with an environmentally friendly approach, emphasizing reduced water usage and low ecological disturbance [5] - The project has a Definitive Feasibility Study completed in 2022, indicating a capital expenditure (capex) of US$820 million and a levered after-tax internal rate of return (IRR) of 33.8% with a payback period of 2.4 years at a molybdenum price of US$18 per pound [5] Financial Activities - The company has successfully closed a non-brokered private placement of 6,666,667 units at a price of C$1.50 per unit, raising gross proceeds of C$10,000,000.50 [1][2] - Each unit consists of one common share and one warrant, with each warrant exercisable at C$2.00 for a period of 24 months [2] - The proceeds from the offering will be used for detailed engineering studies, magnesium metallurgical studies for the Malmbjerg Project, capital expenditures, offtaking negotiations, and general corporate purposes [2] Project Details - The Malmbjerg project has Proven and Probable Reserves of 245 million tonnes at a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [5] - The average annual production for the first ten years is projected to be 32.8 million pounds of contained molybdenum, which represents approximately 25% of the EU's total yearly consumption and meets 100% of the EU's defense needs [5] - The project also aims to extract magnesium from saline water, utilizing innovative technologies, and incorporates magnesium into the feasibility study's economics [5] Regulatory and Compliance - The company has filed an amended and restated offering document on its SEDAR+ profile in compliance with the Listed Issuer Financing Exemption [3] - The securities from the offering have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations [4][11]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Greenland Resources Inc. (“Greenland Resources” or the “Company”; Cboe CA: MOLY | FSE: M0LY) is pleased to announce that it will be conducting a non-brokered private placement of up to 6,666,667 units of the Company (the “Units”) at a price of C$1.50 per Unit (the “Offering Price”) for a ...

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Core Points - Greenland Resources Inc. held its annual general and special meeting on May 23, 2025, where significant shareholder support was demonstrated through the election of directors and other resolutions [1] Group 1: Election of Directors - All four director nominees proposed by management were elected with over 98% of the votes cast, indicating strong shareholder confidence [2] - Voting results for each director were as follows: Ruben Shiffman received 98.66% approval, Leonard Asper also received 98.66%, James Steel received 98.80%, and Nauja Bianco received 98.80% [2] Group 2: Reappointment of Auditors - The reappointment of McGovern Hurley LLP as independent auditors for the upcoming year was approved, along with the authorization for the board to fix their remuneration [3][4] Group 3: Long-Term Incentive Plan - The continuation of the Company's long-term incentive plan, including all unallocated entitlements, was approved with 98.73% of votes in favor [5][6] Group 4: Company Overview - Greenland Resources is focused on developing its 100% owned Climax type primary molybdenum deposit in central east Greenland, with the Malmbjerg molybdenum project also producing magnesium as a by-product [7] - The Malmbjerg project has a capex of US$820 million and a levered after-tax IRR of 33.8%, with a payback period of 2.4 years based on a molybdenum price of US$18 per pound [7] - Proven and Probable Reserves are estimated at 245 million tonnes with a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [7] - The project is supported by the European Raw Materials Alliance (ERMA), which is managed by EIT RawMaterials, a body of the European Union [8]

Summary of 5E Advanced Materials (FEAM) Conference Call Company Overview - **Company**: 5E Advanced Materials (Ticker: FEAM) - **CEO**: Paul Wiebel, who has been with the company for four years and in the CEO role for one year [3][4] Industry Insights - **Material Focus**: Boron, identified as a critical material with applications in defense, electronics, and construction [5][6] - **Market Position**: The boron market is characterized as a global oligopoly, with significant supply chain security concerns due to geopolitical factors [7] - **Supply Dynamics**: Current supply of boron is in a deficit, with only six known boron projects globally, and only two of those have permits [19][70] Project Details - **Location**: The boron project is situated between Las Vegas and Los Angeles, with a permitted capacity of 90,000 tons of boron oxide [8][12] - **Production Plans**: Initial phase targeting 30,000 tons of boric acid production, with a projected EBITDA run rate of $100 million [9][22] - **Mining Method**: Utilizes a solution mining method that is more environmentally sustainable compared to traditional open-pit mining [15][17] Financial Projections - **Cost Structure**: Targeting an operating cost of $525 per ton, with boron prices currently around $1,000 to $1,300 per ton [18][21] - **Investment Requirements**: Estimated capital expenditure for the project is between $420 million to $430 million, with plans for debt financing [23][24] - **IRR**: Projected internal rate of return (IRR) for phase one is around 20% [25] Strategic Goals - **Upcoming Milestones**: Focus on delivering a Pre-Feasibility Study (PFS) and securing offtake agreements, which are critical for debt financing [26][45] - **Market Engagement**: Emphasis on public market engagement to build investor confidence and secure necessary funding [63] Challenges and Considerations - **Offtake Agreements**: Essential for securing debt financing; challenges exist in negotiating fixed-price agreements with potential buyers [46][48] - **Capital Structure**: The company has restructured its capital, with a clean balance sheet and no current debt, but convertible notes previously posed challenges [55][59] Conclusion - **Investment Proposition**: 5E Advanced Materials presents a compelling opportunity in the boron market, with strong fundamentals supporting supply and demand dynamics, and a clear path to commercial production [74]

Core Viewpoint - Greenland Resources Inc. is conducting a non-brokered private placement to raise up to approximately C$3,000,000 for the Malmbjerg Project and general corporate purposes [1][2]. Group 1: Offering Details - The private placement will consist of up to 3,529,412 units priced at C$0.85 per unit, each unit comprising one common share and one half of a common share purchase warrant [1]. - Each warrant is exercisable at C$1.00 per share for 24 months post-closing [1]. - The closing of the offering is expected around May 15, 2025, subject to regulatory approvals [2]. Group 2: Project Overview - Greenland Resources focuses on the development of a primary molybdenum deposit in Greenland, with magnesium as a by-product [3]. - The Malmbjerg project has a capex of US$820 million, a levered after-tax IRR of 33.8%, and a payback period of 2.4 years based on a molybdenum price of US$18 per pound [3]. - Proven and Probable Reserves are estimated at 245 million tonnes with a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [3]. Group 3: Market Context - The project is supported by the European Raw Materials Alliance, indicating strategic importance in the EU's resource supply [4]. - The average annual production for the first ten years is projected at 32.8 million pounds, representing approximately 25% of the EU's total yearly consumption of molybdenum [3].