![]() Client Work Canada's Greenland Resources Signs Ten Year Off-Take Agreement to Supply Molybdenum to Finland's OutokumpuFebruary 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. 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. AuthorsSimon 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 |