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Greenland Resources Inc. advances sustainability with comprehensive reporting and future initiatives

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It seems like Greenland Resources Inc. is making significant strides in sustainability with the publication of its Sustainability Report, prepared by COWI. This report aims to provide transparency to investors and offtakers regarding environmental, social and governance (ESG) matters. Chairman Dr. Ruben Shiffman highlighted the positive progress in permitting, offtakes, and capital expenditures, emphasizing their commitment to developing what they believe will be the world’s most environmentally friendly molybdenum mine.

The methodology of the report included a thorough screening of topics based on European Sustainability Reporting Standards and other international frameworks used by mining companies. This process identified 9 material topics and 51 subtopics across environmental, social, and governance domains. COWI conducted a gap analysis against the Company’s various reports and assessments (NI 43-101 Definitive Feasibility Study, EIA, SIA, Renewable Energy Report, and Stakeholders Engagement Plan), highlighting areas where sustainability performance could be enhanced.

The gap analysis concluded that while all 9 material topics were covered, about 70% of data and policy disclosure requirements have been addressed. The remaining gaps mainly involve strengthening existing policies, formulating new ones, and ensuring data availability for some metrics. Greenland Resources Inc. is actively working on 13% of the identified initiatives in the short and medium term, with plans to address the remaining ~17% once the mine reaches production.

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Overall, this initiative underscores Greenland Resources Inc.’s commitment to sustainable mining practices and proactive engagement in ESG considerations within the mining sector.

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