Greenland Mines (NASDAQ: GRML) announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth project in southwest Greenland. The updated estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. This resource update is intended to support an updated preliminary economic assessment and future development studies.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning and metallurgical support, including optimization studies evaluating open-pit, underground and hybrid development scenarios. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project as the company advances Sarfartoq, which it believes is distinguished by a strong Nd-Pr component and strategic relevance to Western rare earth supply chains.
The Sarfartoq project is a key asset in Greenland Mines' strategy to build a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities. The company is advancing its broader North Atlantic Critical Metals Corridor vision, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. This resource update is crucial for demonstrating the project's potential to supply Nd-Pr, essential for permanent magnets used in electric vehicles and wind turbines, thereby reducing reliance on Chinese supply chains.
For industry leaders, this development signals progress in Western rare earth production capabilities. A successful resource update could de-risk the project, attract strategic partners or financing, and accelerate the timeline to production. The involvement of experienced firms like Tetra Tech and GeoSim adds credibility to the estimates. The updated resource will be a key input for the preliminary economic assessment, which will outline potential mine design, capital costs, and economic viability.
Greenland Mines operates two divisions: Mining, focused on exploration and development, and Biotech, including Klotho’s KLTO‑202 primary indication for ALS. The company is Nasdaq-listed and emphasizes building a multi-asset platform. The full press release is available at https://ibn.fm/eIurP. For the latest news and updates regarding GRML, visit the company’s newsroom at https://ibn.fm/GRML.
Forward-looking statements in this article involve risks and uncertainties, including those set forth in the company's SEC filings. Undue reliance should not be placed on these statements, and the company undertakes no duty to update them unless required by law.
