Greenland Mines Ltd (NASDAQ: GRML) on Tuesday 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 rare earth project in southwest Greenland. The updated 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 work 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 as the company advances Sarfartoq, which it believes is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains.
The engagement of these consultants marks a significant step in advancing Sarfartoq, which is considered one of the few rare earth projects globally with a high proportion of neodymium and praseodymium—two elements critical for permanent magnets used in electric vehicles and wind turbines. By updating the resource estimate under SEC guidelines, Greenland Mines aims to align with U.S. reporting standards, potentially attracting American investors and partners. The project's location in Greenland, a territory with growing geopolitical importance, adds to its strategic value as Western nations seek to diversify rare earth supply chains away from China.
For more details, the full press release can be accessed at https://ibn.fm/eIurP. Greenland Mines Ltd 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 linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. Latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
