Greenland Mines (NASDAQ: GRML; FSE: HK6), a Greenland-focused mineral resource development company, announced the completion of its more than two-month 2026 field program at the Skaergaard Project in southeast Greenland. The multidisciplinary campaign is intended to advance the project toward metallurgical flowsheet development, mine and infrastructure planning, resource evaluation, environmental studies, and preparation of an Initial Assessment.
The program included 4,480 meters of diamond drilling across 17 holes and more than 105 tons of bulk material. It also incorporated mining-oriented geotechnical, structural, LiDAR, high-resolution aeromagnetic, ground-penetrating radar, and environmental baseline programs. These activities are designed to support the next stages of project development, including resource evaluation and mine planning.
The company’s 2026 S-K 1300 Mineral Resource Estimate includes 15 million ounces PdEq in Indicated Mineral Resources and 17.49 million ounces PdEq in Inferred Mineral Resources. The current estimate covers approximately one-quarter to one-third of the intrusion hosting the defined precious-metal horizons, suggesting potential for further resource expansion. Greenland Mines is also evaluating potential vanadium, iron, and gallium value streams alongside its palladium-platinum-gold flowsheet, although no economic credit is currently assigned to those potential by-products.
For investors, the completion of the field program represents a critical step in de-risking the Skaergaard Project and moving it closer to development. The data collected will feed into metallurgical test work, mine design, and environmental baseline studies, which are essential for permitting and project financing. The large-scale drilling and bulk sampling also provide the material needed to develop a reliable metallurgical flowsheet, a key factor in determining project economics.
Greenland Mines is a Nasdaq-listed resource development and mining company focused on the development of the Skaergaard Project in southeast Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland. The company’s strategy centers on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and select midstream processing opportunities. It also advances a broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
The latest news and updates relating to GRML are available in the company’s newsroom at https:/ibn.fm/GRML. The full press release can be viewed at https://ibn.fm/qw07R.
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