Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Toronto-based Greenland Resources Inc. has received a 30-year permit to mine molybdenum and magnesium at the Malmbjerg project in east Greenland. This is significant because molybdenum is essential for steel and defense manufacturing, with only China (87%) and the US (13%) currently producing it. The Canadian company says the project could supply all of Europe’s defense molybdenum needs for decades.
The permit comes as Greenland faces increased geopolitical attention from both the US and EU, who want to reduce dependence on Chinese raw materials. Greenland’s government sees the project as a step toward economic self-sufficiency and job creation, following recent approvals for gold and graphite mining projects.
