Greenland Mines (GRML) Highlights Sarfartoq Closing and Skaergaard Development Progress

LOS ANGELES, CA - September 3, 2026 (NEWMEDIAWIRE) - Greenland Mines (NASDAQ: GRML) issued a shareholder letter from President Dr. Bo Moller Stensgaard highlighting progress since the company rebranded in March, including the Sept. 1 closing of its Sarfartoq Neodymium-Praseodymium Rare Earths Project acquisition and ongoing development work at the Skaergaard palladium-gold-platinum project. At Sarfartoq, the company cited an independent Initial Assessment with a high-case pre-tax NPV of approximately $2.05 billion and 118.6% IRR including Indicated and Inferred Mineral Resources, alongside an updated estimate of 6.9 million tonnes of Indicated resources at 1.60% TREO and 5.3 million tonnes of Inferred resources at 0.96% TREO. Greenland Mines also highlighted Neo Performance Materials as a strategic shareholder with offtake rights for up to 60% of future Sarfartoq production.

At Skaergaard, Greenland Mines said its July 2026 S-K 1300 Technical Report Summary increased Indicated PdEq grade by 36% and contained Indicated PdEq ounces by 31% compared with the 2022 estimate. The company is conducting a 2026 field program encompassing drilling, bulk sampling, geotechnical work, environmental baseline studies and surveys, with bulk material slated for metallurgical and processing flowsheet testing at GTK Mintec in Finland. Greenland Mines said its remaining 2026 milestones include advancing Sarfartoq toward targeted infill drilling and a Pre-Feasibility Study, moving Skaergaard toward an Initial Assessment evaluating a mining scenario and developing its broader North Atlantic Critical Metals Corridor strategy.

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About Greenland Mines

Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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.

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The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML

Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law

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