Greenland Mines Completes Skaergaard Bathymetric Survey, Advances 2026 Drill Program

Greenland Mines (NASDAQ: GRML) has announced the completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, a move that significantly enhances the company's operational capabilities and strategic planning. The survey, which covered a larger area than originally planned, produced high-resolution seabed data across the fjords surrounding the project. This data has already been instrumental in guiding a company support vessel to a new anchorage within 500 meters of the initial operational area, demonstrating immediate practical applications.

The completion of this survey is not merely a technical milestone; it lays the groundwork for critical infrastructure and safety assessments. The data will support the creation of official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations. For a project located in the remote and challenging environment of southeast Greenland, such detailed seabed information is vital for ensuring safe and efficient logistics, which are often a bottleneck for mining operations in Arctic regions.

In addition to the bathymetric work, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample. The transition to NQ-size core drilling for resource definition and geotechnical work will continue through the remainder of the season. A new core shack for logging, sampling, and storage is now fully operational, indicating the company's commitment to maintaining high standards of data collection and sample management as it advances the project.

These activities are part of a broader 2026 field program at Skaergaard, which encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The integration of these workstreams is essential as the company moves toward an Initial Assessment, a key step in demonstrating the project's economic viability. The Skaergaard Project is a significant asset for Greenland Mines, with its potential for rare earth magnet materials and precious metals, aligning with the company's strategy to build a multi-asset platform.

The implications of this progress extend beyond the immediate operational achievements. By completing the bathymetric survey and advancing the drill program, Greenland Mines is de-risking the project and positioning itself to attract potential partners or investors. The data collected will not only support the current phase but also provide a foundation for future environmental impact assessments and permitting processes, which are critical for the long-term success of any mining project.

Moreover, the company's broader vision of a North Atlantic Critical Metals Corridor, linking Greenland resources with allied downstream jurisdictions, underscores the strategic importance of the Skaergaard Project. As global demand for rare earth elements and critical minerals continues to rise, particularly in the context of supply chain diversification, projects like Skaergaard are poised to play a pivotal role. The completion of the survey and the ongoing drilling are tangible steps toward realizing that vision.

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