Client Work

Canada's Greenland Resources Signs Ten Year Off-Take Agreement to Supply Molybdenum to Finland's Outokumpu

February 28, 2025
Authors
Simon FoxcroftPartner
Sander A.J.R. Grieve KCPartner
Akash PurewalAssociate
Artem N. Barsukov FCIArbPartner
Simon GrantPartner

Greenland Resources announced it has signed an off-take agreement with Finnish Outokumpu, the largest producer of stainless steel in Europe and the second largest producer in the Americas, for the long-term supply of molybdenum oxide, a critical raw material in Europe. The agreement provides an established price floor and covers approximately eight million pounds of molybdenum per year for a period of ten years representing around 25 percent of the first ten years of Greenland Resources production from its Malmbjerg project.
 
Bennett Jones is acting for Greenland Resources on the deal.
 
The Bennett Jones team is led by Simon Foxcroft (Mining) and includes Sander Grieve (Mining), Akash Purewal (Corporate), Artem Barsukov (International Arbitration) and Simon Grant (Finance).
 
Read the transaction press release.

Social Media
Download
Download
Subscribe
Republishing Requests

For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.

For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Simon Foxcroft, Partner  •   Co-Head of Corporate Department
Edmonton  •   780.945.4756  •   foxcrofts@bennettjones.com
Sander A.J.R. Grieve KC, Partner
Toronto  •   416.777.4826  •   grieves@bennettjones.com
Akash Purewal, Associate
Edmonton  •   780.969.2655  •   purewala@bennettjones.com
Artem N. Barsukov FCIArb, Partner
Edmonton  •   780.917.4266  •   barsukova@bennettjones.com
Simon Grant, Partner   •   Co-Head of Banking & Secured Transactions Practice
Toronto  •   416.777.6246  •   grants@bennettjones.com