Greenland Mines Retains Tetra Tech and GeoSim for Updated Sarfartoq Resource Estimate

Greenland Mines (NASDAQ: GRML) announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth project in southwest Greenland. The estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. The update is intended to support an updated preliminary economic assessment and future development studies.

GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning and metallurgical support, including optimization studies evaluating open-pit, underground and hybrid development scenarios. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project.

The Sarfartoq project is distinguished by a strong neodymium-praseodymium component, critical for permanent magnets used in electric vehicles and wind turbines, and holds strategic relevance to Western rare earth supply chains. The updated resource estimate will be a key step as Greenland Mines advances the project, which it believes could become a significant source of these magnet metals outside of China.

For more details, see the full press release at https://ibn.fm/eIurP.

Greenland Mines is a Nasdaq-listed company with two operating divisions: mining, focused on the Skaergaard and Sarfartoq projects in 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.

Investors can find the latest news and updates relating to GRML in the company’s newsroom at https://ibn.fm/GRML.