Greenland Mines Ltd (NASDAQ: GRML) announced that independent consultant SLR Consulting (Canada) Ltd. has completed the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary for the Skaergaard project in southeast Greenland. The report features an updated 2026 Mineral Resource Estimate effective July 3, 2026, which shows a 31% increase in indicated contained palladium equivalent (“PdEq”) metal to 15.0 million ounces, a 36% boost in indicated grade to 3.04 g/t PdEq, and a 24% rise in inferred contained PdEq metal to 17.49 million ounces compared with the project’s 2022 resource estimate.
The upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. The company said the new estimate provides the regulatory foundation to advance toward an Initial Assessment under S-K 1300. Greenland Mines also noted that its 2026 field program is underway with drilling, bulk sampling, engineering, environmental and geotechnical work designed to support evaluation of both open-pit and underground mining scenarios at the Skaergaard project.
Investors can view the full press release at https://ibn.fm/qqEBp. Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: Mining, focused on the exploration and development of 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.
Greenland Mines’ latest news and updates are available in the company’s newsroom at https://ibn.fm/GRML. The Skaergaard project is one of the world’s largest undeveloped palladium resources, and the updated resource estimate underscores the project’s potential to become a significant source of critical metals. The increase in grade and ounces is particularly notable given the current high gold price environment, which enhances the project’s economics. The completion of the S-K 1300 report is a key milestone for Greenland Mines as it seeks to de-risk the project and attract strategic partners or financing for further development.
The 2026 field program includes drilling and bulk sampling to further define the resource and collect metallurgical data. Environmental and geotechnical studies are also underway to support permitting and mine planning. The company is evaluating both open-pit and underground mining scenarios, which could allow for a phased development approach. With the updated resource estimate, Greenland Mines is positioned to move toward a preliminary economic assessment, which will provide further clarity on the project’s viability. The company’s dual focus on mining and biotech provides diversification, but the Skaergaard project remains a core asset. The updated resource estimate is a positive step for Greenland Mines as it continues to advance its critical metals strategy in Greenland.
