Greenland Mines (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program includes approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material, and supporting geotechnical studies for potential future open-pit development scenarios.
The integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical, and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering’s Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work being conducted with GTK Mintec to support future economic evaluations of the Skaergaard project.
This announcement is significant because the Skaergaard project is one of the most promising critical metals deposits outside China, containing palladium, platinum, gold, and copper. As global demand for these metals grows—driven by clean energy technologies and automotive catalysts—advancing the Skaergaard project could help diversify supply away from dominant producers. The drilling contract signals Greenland Mines’ commitment to moving the project toward feasibility and eventual production.
The 2026 program will focus on upgrading inferred resources to indicated and measured categories, which is a key step for any mining project. The inclusion of geotechnical studies and metallurgical sampling indicates the company is preparing for a prefeasibility or feasibility study. The use of helicopter-portable rigs is essential in the remote Arctic terrain, and Nordisk Fundering’s experience in such conditions reduces operational risks.
Greenland Mines is a Nasdaq-listed company with two operating divisions: mining and biotech. The mining division focuses on the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland. The company’s strategy centers 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 full press release is available at https://ibn.fm/9uyEs, and the latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
