Press Release

Rasmussen Global enters advisory agreement on defence with Greenland Resources

Rasmussen Global has signed an advisory agreement with Toronto, Canada-headquartered Greenland Resources to help advance the company’s Malmbjerg project in eastern Greenland with potential sources of funding from strategic defence funds

Molybdenum, used mainly in steel and chemicals, is a critical metal for various technologies, and demand for it is expected to increase as countries around the world undertake the green energy transition. When added to steel and cast iron, molybdenum enhances strength, hardenability, weldability, temperature strength, and corrosion resistance—all of which have significant benefits for military purposes.

Currently, the European Union is the second largest molybdenum user in the world but has no molybdenum production of its own. Based on the company’s feasibility study, it can supply some 25% of the EU’s total molybdenum demand for decades to come. The Malmbjerg project also has the potential to supply magnesium to the EU as a by-product of molybdenum production. Currently, the EU buys 98% of its magnesium from China.

Rasmussen Global’s partnership with Greenland Resources builds on our long record of work in the critical raw materials and defence sectors. With a team of experts with decades of experience spanning both sides of the Atlantic, we are uniquely positioned to help companies looking to play a leading role in the global race for critical raw materials.

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About Rasmussen Global

Rasmussen Global was founded in 2014 by Anders Fogh Rasmussen following his time as Secretary General of NATO. With decades of experience at the highest levels in key capitals, European institutions, NATO, and governments on both sides of the Atlantic, Rasmussen Global advises clients on transatlantic issues, international affairs, and public policy.

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