Greenland Mines Reports 31% Increase in Palladium Resource at Skaergaard Project

Palladium, a critical metal for automotive catalytic converters, has a supply chain that is increasingly vulnerable due to geopolitical tensions and concentrated production. Greenland Mines (NASDAQ: GRML) is positioning itself as a key alternative source, reporting a 31% increase in its indicated palladium equivalent resource at the Skaergaard project in southeast Greenland. This upgrade makes Skaergaard one of the largest undeveloped palladium, gold, and platinum deposits in the Western world.

The resource update comes at a time when palladium demand remains robust, with automotive applications accounting for roughly 80% to 85% of total global palladium demand, according to industry data. The combination of a structurally concentrated supply base, rising geopolitical risk from the dominant Russian supplier, and persistent demand from the automotive sector creates a clear rationale for Western nations to secure alternative sources of palladium.

Greenland Mines is actively advancing the Skaergaard project. The 2026 field season is already underway, with drilling, bulk sampling for metallurgical test work, geotechnical measurements, engineering studies, and environmental baseline all in progress. These activities are critical for moving the project toward development and ultimately reducing Western dependence on Russian palladium.

The strategic importance of palladium cannot be overstated. Most people encounter palladium without knowing it; it sits inside the catalytic converter of nearly every gasoline-powered vehicle, where it converts harmful exhaust gases into less toxic emissions. With global automotive production recovering and stricter emissions regulations, demand for palladium is expected to remain strong.

Greenland Mines is focused on advancing the Skaergaard deposit, which contains palladium, gold, and platinum. The company's newsroom provides updates on GRML at https://ibn.fm/GRML. For full terms of use and disclaimers, refer to the InvestorBrandNetwork website at http://IBN.fm/Disclaimer.

Forward-looking statements in this article involve risks and uncertainties, as detailed in the company's SEC filings. These statements are based on information available as of the date hereof, and the company undertakes no duty to update them unless required by law.