Greenland Mines Advances Sarfartoq Rare Earth Project with Key Engagements

Greenland Mines (NASDAQ: GRML) has taken a significant step forward in advancing its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland by engaging Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate. The updated estimate, expected to be substantially completed this summer, will integrate historical NI 43-101 resource work with drilling and technical studies conducted by Neo Performance Materials between 2023 and 2025. This initiative is designed to support an updated preliminary economic assessment and future development studies, positioning the project for potential production of critical rare earth elements essential for magnets used in electric vehicles and wind turbines.

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 contribute engineering, mine planning, and metallurgical support, including optimization studies evaluating open-pit, underground, and hybrid development scenarios. Additionally, Greenland Mines has reappointed WSP Danmark A/S to continue environmental baseline work at the project. The company believes Sarfartoq is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains, which are critical for reducing reliance on Chinese-dominated supply.

Greenland Mines operates two divisions: Mining, focused on exploration and development of the Skaergaard Project and the Sarfartoq rare earth project, and Biotech, which includes 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. This corridor aims to link Greenland resources with allied downstream jurisdictions and industrial infrastructure, strengthening Western supply chains for critical minerals. For more details, visit the full press release at https://ibn.fm/eIurP.