Greenland Mines (NASDAQ: GRML) announced that independent consultant SLR Consulting (Canada) Ltd. has completed the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary for the Skaergaard project in southeast Greenland. The report features an updated 2026 Mineral Resource Estimate effective July 3, 2026, which shows significant increases in resource size and grade compared to the project’s 2022 estimate.
The updated estimate increased indicated contained palladium equivalent (“PdEq”) metal by 31% to 15.0 million ounces, boosted indicated grade by 36% to 3.04 g/t PdEq, and raised inferred contained PdEq metal by 24% to 17.49 million ounces. The company attributed the upgraded resource to improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. The new technical report provides the regulatory foundation to advance toward an Initial Assessment under S-K 1300, a critical step for project development.
Greenland Mines also noted that its 2026 field program is underway with drilling, bulk sampling, engineering, environmental, and geotechnical work designed to support evaluation of both open-pit and underground mining scenarios at the Skaergaard project. The project is part of the company’s broader North Atlantic Critical Metals Corridor vision, which aims to link Greenland resources with allied downstream jurisdictions and industrial infrastructure.
The significance of this announcement lies in the substantial resource upgrade, which strengthens the project’s economic potential. For leaders in business and technology, the development highlights the growing importance of Greenland as a source of critical minerals, particularly palladium and other platinum group metals, which are essential for catalytic converters and emerging clean energy technologies. The increase in grade and ounces could improve the project’s viability and attract further investment.
Greenland Mines is a Nasdaq-listed company with two operating 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. The company’s strategy centers on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities.
For more details, the full press release is available at https://ibn.fm/qqEBp. Latest news and updates relating to GRML can be found in the company’s newsroom at https://ibn.fm/GRML.
