[SMM Magnesium News] Greenland Resources has obtained a 30-year mining license for the Malmbjerg molybdenum-magnesium project. The project will meet 25% of the EU's molybdenum demand for national defense and alleviate the current situation where Europe heavily relies on China for magnesium resources imports. The project is expected to create a significant number of jobs and promote Greenland's economic self-sufficiency.