Greenland Mines Secures Drilling Contract for 2026 Skaergaard Campaign

Greenland Mines (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program includes approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material, and supporting geotechnical studies for potential future open-pit development scenarios.

The integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical, and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering's Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work conducted with GTK Mintec to support future economic evaluations of the Skaergaard project.

This announcement underscores Greenland Mines' commitment to advancing the Skaergaard project toward potential development. The project is a cornerstone of the company's strategy, which includes two operating divisions: Mining, focused on exploration and development of the Skaergaard and Sarfartoq projects, and Biotech, including Klotho's KLTO-202 primary indication for ALS. The company aims to build a multi-asset platform with exposure to rare earth magnet materials, precious metals, and midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision.

For more details, visit the full press release here. The latest news and updates relating to GRML are available in the company's newsroom here.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially. For a discussion of these risks, refer to the company's filings with the SEC.