Story perspectives

Canada Gives C$7 M to Greenland Molybdenum Mine, First G7 Investment

6/29/2026

Summary

Story summary

Canada granted Greenland Resources C$7 million for the Malmbjerg molybdenum mine, the first G7 investment in Greenland mining.
The funding runs through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme and backs molybdenum, a critical mineral for defence steel and clean-energy use.
China’s early-2025 export controls on about 40 % of global molybdenum have raised Western supply-security concerns and have left Greenland’s mining sector hampered by bureaucracy and scarce financing.

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Story summary

Canada granted Greenland Resources C$7 million for the Malmbjerg molybdenum mine, the first G7 investment in Greenland mining.
The funding runs through Natural Resources Canada’s Critical Minerals Research, Development and Demonstration programme and backs molybdenum, a critical mineral for defence steel and clean-energy use.
China’s early-2025 export controls on about 40 % of global molybdenum have raised Western supply-security concerns and have left Greenland’s mining sector hampered by bureaucracy and scarce financing.