Greenland Mines Advances Critical Minerals Strategy with Skaergaard and Sarfartoq Projects

Greenland Mines (NASDAQ: GRML) is making significant strides in the critical minerals sector with a dual-pronged strategy focused on Greenland's rich mineral resources. The company's flagship Skaergaard Project in southeast Greenland boasts a substantial NI 43-101 Mineral Resource estimate, with 11.4 million ounces of palladium equivalent (PdEq) in the Indicated category and 14.1 million ounces PdEq in the Inferred category. This project highlights the company's exposure to precious and critical metals. Additionally, Greenland Mines is pursuing the acquisition of the Sarfartoq rare earth project in southwest Greenland, which would add an advanced rare earth asset with a historical resource estimate and extensive drilling history. The Sarfartoq project is particularly notable for its magnet rare earth elements, including neodymium and praseodymium, which are essential for permanent magnets used in electric vehicles and wind turbines.

Greenland Mines' strategy extends beyond resource development. The company has established a relationship with Neo Performance Materials, including an offtake arrangement covering up to 60% of future Sarfartoq production, pending completion of the acquisition and project development. This partnership ensures a market for the rare earths once production begins. Furthermore, Greenland Mines is pursuing a North Atlantic critical minerals strategy that includes potential downstream processing and logistics initiatives in Iceland. This approach aims to create an integrated supply chain from mining in Greenland to processing and delivery to industrial markets in Europe and North America. The company's strategic investment in AnorTech also provides exposure to sustainable alumina and high purity alumina, complementing its broader critical minerals strategy.

In June 2026, Greenland Mines expanded its strategy through a strategic move that reinforces its position in the critical minerals space. The company's focus on Greenland is timely, given the growing global interest in diversifying strategic mineral supply chains away from dominant players. With its portfolio of precious metals, critical metals, and rare earth elements, Greenland Mines is positioned to play a key role in the energy transition and technological advancement. Investors can find the latest news and updates relating to GRML in the company’s newsroom at https://ibn.fm/GRML. As with any forward-looking statements, potential investors should consider the risks outlined in the company's filings with the SEC.