Greenland Mines Ltd (NASDAQ: GRML) has announced a significant upgrade to its mineral resource estimate for the Skaergaard project in southeast Greenland, with indicated palladium equivalent (PdEq) metal increasing by 31% to 15.0 million ounces. The updated estimate, effective July 3, 2026, was completed by independent consultant SLR Consulting (Canada) Ltd. and is the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary for the project.
The new estimate also reveals a 36% increase in indicated grade to 3.04 g/t PdEq and a 24% rise in inferred contained PdEq metal to 17.49 million ounces, compared with the project's 2022 resource estimate. According to the company, the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. This provides the regulatory foundation to advance toward an Initial Assessment under S-K 1300.
Greenland Mines noted that its 2026 field program is already 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. The full press release is available at https://ibn.fm/qqEBp.
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: Mining, focused on the exploration and development of the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium rare earths project in southwest 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.
Latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
