Greenland Mines Ltd. Advances North Atlantic Critical Minerals Strategy with Skaergaard and Sarfartoq Projects

Greenland Mines Ltd. (NASDAQ: GRML) is advancing its North Atlantic critical minerals strategy, anchored by the Skaergaard Project in southeast Greenland and the pending acquisition of the Sarfartoq rare earth project in southwest Greenland. The company's flagship Skaergaard Project hosts an NI 43-101 Mineral Resource estimate containing 11.4 million ounces of palladium equivalent (PdEq) in the Indicated category and 14.1 million ounces PdEq in the Inferred category, underscoring its potential as a major source of precious and critical metals.

The pending acquisition of the Sarfartoq Project would add an advanced rare earth asset with a historical resource estimate, extensive drilling history, and exposure to magnet rare earth elements including neodymium and praseodymium. These elements are critical for permanent magnets used in electric vehicles and wind turbines. The company has secured an offtake arrangement with Neo Performance Materials covering up to 60% of future Sarfartoq production, subject to completion of the acquisition and future project development. This relationship provides a clear pathway to market for the rare earth concentrates.

Greenland Mines is pursuing a North Atlantic critical minerals strategy that includes resource development in Greenland and potential downstream processing and logistics initiatives in Iceland. By integrating upstream mining with midstream processing, the company aims to create a vertically integrated supply chain that reduces dependence on dominant producers like China. The strategic investment in AnorTech provides exposure to sustainable alumina, high purity alumina, and related midstream processing opportunities that complement the company's broader critical minerals strategy.

The company's focus on Greenland is timely, as governments and industries seek to diversify strategic mineral supply chains. Greenland offers a stable jurisdiction with significant mineral potential, and Greenland Mines is well-positioned to capitalize on this trend. The Skaergaard Project alone contains significant palladium and platinum resources, metals critical for catalytic converters and hydrogen fuel cells. The addition of the Sarfartoq rare earth project would further strengthen the company's portfolio, providing exposure to the growing demand for magnet rare earths.

For investors, Greenland Mines represents a unique opportunity to gain exposure to multiple critical minerals within a single company. The company's strategy of linking resource development with downstream processing and logistics in Iceland could create significant value as the energy transition accelerates. With the Sarfartoq acquisition expected to close in the coming months, Greenland Mines is poised to become a key supplier of critical minerals to Western markets.

More information on the latest news and updates relating to GRML is available in the company's newsroom at https://nnw.fm/GRML.