Greenland Mines (NASDAQ: GRML) has completed its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, covering more area than originally planned and producing high-resolution seabed data across the fjords surrounding the project. The data has already been used to guide the company support vessel to a new anchorage within 500 meters of the initial 2026 operational area and is expected to support new official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations.
The completion of the bathymetric survey marks a significant step in the company's broader 2026 field program at Skaergaard, which encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The high-resolution seabed data will be instrumental in ensuring safe and efficient marine operations, a critical component for the project's advancement toward an Initial Assessment.
In addition to the survey, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample and has transitioned to NQ-size core drilling for resource definition and geotechnical work through the remainder of the season. A new core shack for logging, sampling, and storage is fully operational, enhancing the company's ability to process and analyze drill core on-site.
The progress at Skaergaard underscores Greenland Mines' commitment to advancing the project, which is central to its strategy of building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities. The company's vision includes the broader North Atlantic Critical Metals Corridor, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
The successful completion of the bathymetric survey and the ongoing drilling program position Greenland Mines to better understand the Skaergaard deposit's resource potential and to plan for future development. The data collected will not only support navigational safety but also contribute to environmental baseline studies, ensuring that the project progresses with a strong emphasis on responsible development.
Greenland Mines operates with two divisions: Mining, focused on the exploration and development of the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and Biotech, including Klotho's KLTO-202 primary indication for ALS. This diversified approach provides the company with multiple avenues for growth and value creation.
The completion of the survey and the advancement of the drill program are pivotal for the company as it moves toward an Initial Assessment, which will be a key milestone in the project's development. The high-quality data gathered will aid in making informed decisions about the project's future, including potential large-scale marine shipping operations, which are essential for exporting resources from the remote location.
For more information on Greenland Mines and its projects, visit the company's newsroom at https://ibn.fm/GRML. The full press release can be viewed at https://ibn.fm/vk7G8.
Forward-looking statements in this article involve risks and uncertainties, as detailed in the company's filings with the SEC. Undue reliance should not be placed on these statements, and the company undertakes no duty to update them unless required by law.
