Greenland Resources Inc. announced that it signed a non-binding memorandum of understanding for long term molybdenum supply with the Swedish company Scandinavian Steel AB, a leading distributor of ferrous and non-ferrous metals, pig iron and alloys to the steel, foundry and chemical industry on a worldwide basis. The MOU sets the path for a supply agreement of Molybdenite concentrate as well as secondary products like Ferromolybdenum and Molybdenum Oxide. In order to diversify and maximize molybdenum sales price, the Company marketing strategy targets direct sales to end users, arrangements with roasters to meet downstream end user products specifications, and sales to distributors that can be of strategic importance, with a strong focus on the European Union metallurgical, chemical, and industrial markets.