TORONTO, ON / ACCESS Newswire / October 9, 2026 / Greenland Resources Inc. (TSX:MOLY)(OTCQX:GRLRF)(FSE:M0LY) ("Greenland Resources" or the "Company") is pleased to announce the voting results from the Company's ordinary- course annual and special meeting held on October 9, 2026 (the "Meeting").
Election of Directors
Each of the four director nominees proposed by management were elected by over 99.4% of the votes cast, demonstrating robust shareholder confidence and support for the board. Details of the voting results are as follows:
| Director | For | % | Withheld | % |
| Ruben Shiffman | 55,115,543 | 99.42 | 320,267 | 0.58 |
| Leonard Asper | 55,168,556 | 99.51 | 267,254 | 0.48 |
| James Steel | 55,423,466 | 99.97 | 12,344 | 0.02 |
| Nauja Bianco | 55,421,232 | 99.97 | 14,578 | 0.03 |
Reappointment of Auditors
The reappointment of McGovern Hurley LLP, Chartered Professional Accountants, to serve as the independent auditors of the Company for the ensuing year, and authorization of the board of directors to fix the remuneration of the auditors, was approved by the votes cast.
| For | % | Withheld | % |
| 55,426,766 | 99.98 | 9,044 | 0.02 |
Approval of Long-Term Incentive Plan and Related Matters
The Company's new long-term incentive plan, including all unallocated entitlements and grants heretofore made thereunder, was approved by the votes cast.
| For | % | Against | % |
| 54,805,392 | 98.86 | 630,418 | 1.13 |
About Greenland Resources Inc.
Greenland Resources is a publicly listed Canadian and Greenlandic company developing Malmbjerg, a world-class Climax-type primary molybdenum deposit near tidewater in east-central Greenland. The project has a NI 43-101 Definitive Feasibility Study produced by Tetra Tech, a 30-year molybdenum and magnesium exploitation licence, an environmentally responsible mine design, and binding long term offtake agreements with major EU steel producers. Proven and probable reserves total 245 million tonnes grading 0.176% MoS2, containing 571 million pounds of molybdenum. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2, approximately 25% of EU total yearly consumption and 100% of EU defence needs. For more information, visit www.greenlandresources.ca or view the Company's Canadian regulatory filings at www.sedarplus.com.
On December 3, 2025 the European Commission presented RESourceEU, and mentioned the Company's Malmbjerg project in Greenland as a priority EU project.
For further information please contact:
| Ruben Shiffman, PhD | Chairman, President | |
| Keith Minty, P.Eng, MBA | Engineering and Project Management | |
| Jim Steel, P.Geo, MBA | Exploration and Mining Geology | |
| Nauja Bianco, M.Pol.Sci. | Public and Community Relations | |
| Gary Anstey | Investor Relations | |
| Eric Grossman, CPA, CGA | Chief Financial Officer | |
| Toronto office | Suite 1810, 25 York Street, Toronto, Ontario, Canada M5J 2V5 | |
| Greenland office | Qullilerfik 26, 3900 Nuuk, Greenland | |
| Telephone | 1-844-252-0532 | |
| info@greenlandresourcesinc.com | ||
| Web | www.greenlandresources.ca |
Forward Looking Statements
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company's objectives, goals or future plans, receipt of regulatory and other approvals, exploration results, potential mineralization, the estimation of mineral resources and reserves and their valuation, exploration and mine development plans, timing of the commencement of operations, estimates of market conditions, the Company's ability to supply molybdenum to the EU, the EU's future expected demand for molybdenum, the Company's ability to commercialize the project, the applications and benefits of magnesium, and the Company's intentions regarding its objectives, goals or future plans and statements.
These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: future planned development and other activities on the Malmbjerg molybdenum project; an inability to finance the Company including successfully concluding off-take arrangements, banking facilities and strategic investment; obtaining the permitting on the Malmbjerg molybdenum project in a timely manner; no adverse changes to the planned operations of the Malmbjerg molybdenum project; continued favourable relationships with local communities; current EU and other initiatives remaining in place into the future; expected demand for molybdenum in the EU and abroad, including by companies that expressed an interest in purchasing molybdenum; our mineral reserve estimates including magnesium and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company's projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; reliance on finders and other third parties; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those
expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: favourable local community support for the Malmbjerg molybdenum project's development; the projected demand for molybdenum and magnesium both in the EU and elsewhere, including by companies that expressed an interest in purchasing molybdenum and magnesium; the current initiatives and programs for resource development in the EU and abroad; the projected and actual status of supply chains, labour market, currency and commodity prices interest rates and inflation; the projected and actual status of the global and Canadian capital markets, fluctuations in molybdenum, magnesium and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services(including transportation); fluctuations in currency markets(such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent in the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
SOURCE: Greenland Resources Inc.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/metals-and-mining/greenland-resources-announces-voting-results-1235086
