Greenland Resources has secured a letter of interest from the Nordic Investment Bank for up to $120 million in export credit agency-backed funding for its Malmbjerg molybdenum project in east-central Greenland, adding to an Export Development Canada expression of interest of up to $275 million. The project, covered by a 30-year exploitation licence within a 1,147 km² land package, has NI 43-101 proven and probable reserves of 245 million tonnes at 0.176% MoS₂, containing 571 million lb of molybdenum. Planned output in years one to ten is 32.8 million lb/y of contained molybdenum metal at 0.23% MoS₂, equivalent to roughly a quarter of EU annual consumption and all EU defence demand.

Gold fell for a third straight session on Tuesday, with Comex December futures down as much as 2.4% to $4,374.10/oz and spot at $4,362.57/oz, as Fed hike odds for this month climbed to nearly 70% and 10-year US Treasury yields held near 4.77% alongside UK gilts at 5.22%. Silver dropped up to 3.2% to $64.83/oz, tightening the gold–silver ratio to about 67 from 70 at end-July. Despite bullion now only 0.7% higher in 2026, the NYSE Arca Gold Miners Index surged 33% in August, with Eldorado up 44% and Equinox 40%, signalling continued equity leverage to metal price swings.

ACG Metals has produced its first copper concentrate from the Gediktepe mine in Turkey, completing the site’s shift from a single-stream gold-silver-zinc operation towards copper-focused output. The company is targeting 40,000 tonnes of copper per year at steady state and expects to reach full production by the end of 2026, with the ramp-up centred on higher throughput, improved recoveries and consistent concentrate quality. Management links the move to copper to growing demand from AI, electrification and other technology-led applications.