Greenland Resources Inc. announced that the Company has signed a Memorandum of Understanding (the MOU) with COWI A/S. The MOU strengthens current ongoing work with COWI and is designed to set the basis for further binding agreements and engineering financing during the construction and life of mine on engineering sustainability solutions including the new Corporate Sustainability Reporting Directives (CSRD) required by the European Union. The new CSRD expand the scope and content of current EU non-financial reporting obligations to capture a wider range of Environmental, Social and Governance (ESG) topics that are also required by the export credit agencies as well as European commercial and supranational banks. Greenland Resources already received letters of intent to finance Capex from German and Danish commercial and export development banks, respectively.

In the case of Denmark, COWI has a contract to help the Export and Investment Fund of Denmark (EIFO) and its clients to meet CSRD and environmental investment criteria. The Company believes that the MOU with COWI provides strong support on CSRD compliance and capex financing.