Greenland Mines Completes Skaergaard Bulk Sampling, Advances Sarfartoq Fieldwork

Greenland Mines Ltd. (NASDAQ: GRML) has completed its 2026 bulk-sampling program at the Skaergaard palladium-platinum-gold project in East Greenland and advanced fieldwork at the Sarfartoq rare earth element project in West Greenland. The dual progress highlights the company's efforts to build a multi-asset critical minerals platform in the North Atlantic region.

At Skaergaard, the company collected 104.8 tons of mineralized and host material from seven sites. This bulk sample will undergo large-scale and pilot-scale metallurgical test work at GTK Mintec in Finland. The test work is essential for determining the optimal processing methods and economic viability of the deposit. In addition, Greenland Mines completed ground-penetrating radar surveys and advanced engineering, infrastructure, processing, and waste-management studies. These steps are critical for de-risking the project and moving it toward feasibility.

The Skaergaard project hosts significant palladium, platinum, and gold resources. Successful metallurgical testing could unlock the potential for a large-scale mining operation, which would contribute to global supply of these precious metals. Palladium and platinum are key components in catalytic converters and other industrial applications, while gold remains a safe-haven asset. The project's location in Greenland also aligns with Western interests in securing critical mineral supply chains outside of traditional jurisdictions.

At Sarfartoq, Greenland Mines opened and fully manned its exploration camp following the September 1 acquisition. The company completed a second year of environmental baseline fieldwork and launched geological and structural mapping focused on the ST1 resource zone and additional rare earth exploration targets. Sarfartoq is a neodymium-praseodymium (Nd-Pr) rare earth project. Nd-Pr are essential for manufacturing powerful permanent magnets used in electric vehicles, wind turbines, and consumer electronics. As the world transitions to clean energy, demand for these rare earths is expected to surge. Developing a domestic Western source of Nd-Pr could reduce reliance on China, which currently dominates rare earth production and processing.

The completion of these field programs demonstrates Greenland Mines' commitment to advancing its projects. 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. Its broader vision includes a North Atlantic Critical Metals Corridor linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. This vision could enhance supply chain security for critical minerals among allied nations.

For investors, the news signals tangible progress. The Skaergaard bulk sample is a major step toward understanding the project's metallurgical characteristics, which is often a key hurdle for mining projects. At Sarfartoq, the launch of geological mapping and environmental studies indicates systematic exploration and preparation for future resource definition. The company's dual focus on precious metals and rare earths provides diversification and exposure to two high-growth sectors.

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