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 will include 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.
Greenland Mines said 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.
To view the full press release, visit: https://ibn.fm/9uyEs.
The Skaergaard project is a key asset for Greenland Mines, which operates two divisions: Mining, focused on exploration and development of the Skaergaard Project and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) 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.
This announcement signals a significant step forward for the Skaergaard project, as the drilling contract provides a concrete timeline for advancing the project toward potential development. By securing a contractor with Arctic expertise, Greenland Mines is positioning itself to efficiently execute the 2026 program, which is critical for de-risking the project and attracting future investment. The integration of metallurgical and geotechnical studies alongside drilling indicates a comprehensive approach to feasibility, which is essential for moving the project toward production.
For investors, the progress at Skaergaard represents a potential catalyst for Greenland Mines, as successful drilling could upgrade resource categories and support economic evaluations. The company’s broader strategy of linking Greenland resources with allied jurisdictions aligns with global trends toward securing critical mineral supply chains. The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
Forward-looking statements in this article involve risks and uncertainties that may cause actual results to differ materially. These include factors discussed in the company's SEC filings. Undue reliance should not be placed on forward-looking statements, which are based on information available as of the date hereof.
