EventOn 29 June 2026 Canada gave a C$7 million (≈US 4.9 million) non‑repayable grant to Greenland Resources for its east‑Greenland Malmbjerg open‑pit molybdenum project, the first G7 funding of mining in Greenland. The grant aims to secure a critical metal used to strengthen defence and clean‑energy steel alloys amid China’s export controls.
Canada’s C$7 million grant to the Malmbjerg molybdenum mine gives the first G7 investment in Greenland mining, opening a new source of a metal vital for defence and clean‑energy steel alloys and reducing reliance on China.
Canada’s $5 million grant to Greenland Resources for its east‑Greenland Malmbjerg molybdenum mine is the first G7 funding of Arctic mining, aimed at securing a critical mineral that supplies up to a quarter of EU steel demand amid China’s export controls.
