On 19 June 2025, Naaja H. Nathanielsen, Minister for Business, Mineral Resources, Energy, Justice and Gender Equality, signed a 30-year license with Dr. Ruben Shiffman, Chairman of the Board of Greenland Resources A/S, for the exploitation of molybdenum and magnesium at Piiaaff (‘Malmbjerget’).

Chairman of the Board of Greenland Resources A/S, Dr. Ruben Shiffman, stated: ‘We sincerely thank Naalakkersuisut. Malmbjerg has the potential to generate close to USD 1 billion in taxes for Greenland over the mine’s 20-year lifetime. The project will be able to supply approximately 25% of the EU’s total molybdenum demand and 100% of the demand for defence applications.

Nuna Advokater is extremely proud to have assisted the company with legal counsel. We look forward to continuing our excellent cooperation.