Greenland Mines (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, featuring an updated 2026 Mineral Resource Estimate effective July 3, 2026. The estimate increased indicated contained palladium equivalent (“PdEq”) metal by 31% to 15.0 million ounces, boosted indicated grade by 36% to 3.04 g/t PdEq and raised inferred contained PdEq metal by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company said the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce, while providing 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.
This announcement is significant because it demonstrates substantial resource growth and grade improvement at a time when palladium and other precious metals are in high demand for automotive catalytic converters and industrial applications. The S-K 1300 compliance also enhances the project's credibility with investors and regulators, potentially accelerating its path toward feasibility studies and eventual production.
For more details, the full press release is available at https://ibn.fm/qqEBp. Greenland Mines is a Nasdaq-listed company with two operating divisions: mining, focused on the Skaergaard project and the Sarfartoq rare earths project 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.
The updated resource estimate and ongoing field program position Greenland Mines to potentially become a significant supplier of palladium and other critical metals, which are essential for clean energy technologies and advanced manufacturing. As the company progresses toward an Initial Assessment, stakeholders will be watching for further details on mining scenarios and economic viability.
