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.

Collective Mining has extended the Apollo system at its Guayabales project in Colombia by about 100 metres north after drill hole APC172-D2 cut 141.4 metres grading 4.75 g/t gold, 5 g/t silver, 0.02% copper and 0.04% zinc from ~924 metres depth, including 38 metres at 15.25 g/t gold and 8 g/t silver. The new breccia body, intersected roughly 1,000 metres below surface and about 170 metres below previous northern drilling, lies close to a planned underground access tunnel, supporting potential bulk-mining scenarios. Thirteen rigs are active at Guayabales in a programme of up to 90,000 metres this year, with Apollo’s initial resource estimate due this month.

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.