Greenland Mines Reports 31% Increase in Indicated Palladium Equivalent Resource at Skaergaard Project
July 15th, 2026 1:15 PM
By: Newsworthy Staff
Greenland Mines Ltd announces a 31% increase in indicated palladium equivalent ounces at its Skaergaard project, based on an updated S-K 1300-compliant resource estimate, boosting the project's value and advancing it toward an Initial Assessment.
Greenland Mines Ltd (NASDAQ: GRML) has announced a significant upgrade to its mineral resource estimate for the Skaergaard project in southeast Greenland, with indicated palladium equivalent (PdEq) metal increasing by 31% to 15.0 million ounces. The updated estimate, detailed in the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary completed by independent consultant SLR Consulting (Canada) Ltd., also shows a 36% increase in indicated grade to 3.04 g/t PdEq and a 24% rise in inferred contained PdEq metal to 17.49 million ounces compared to the project's 2022 resource estimate.
The company attributed the upgraded resource to improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. This regulatory milestone provides the foundation for Greenland Mines to advance toward an Initial Assessment under S-K 1300. The company also noted that its 2026 field program is underway, encompassing drilling, bulk sampling, engineering, environmental, and geotechnical work to support evaluation of both open-pit and underground mining scenarios at Skaergaard.
Greenland Mines operates two divisions: Mining, focused on the Skaergaard project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland; and Biotech, including Klotho’s KLTO‑202 primary indication for ALS. The company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
For more details, the full press release is available at https://ibn.fm/qqEBp. The latest news and updates relating to GRML can be found in the company’s newsroom at https://ibn.fm/GRML.
Source Statement
This news article relied primarily on a press release disributed by InvestorBrandNetwork (IBN). You can read the source press release here,
