Greenland Mines Ltd (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 and Biotech. The Mining division focuses on exploration and development of 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 Biotech division includes Klotho's KLTO‑202 primary indication for ALS. 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.
This drilling contract marks a significant step toward advancing the Skaergaard project, which holds strategic importance for critical metals supply. The 2026 program is designed to provide the necessary data to support mine planning and economic evaluations, potentially positioning Greenland Mines as a key player in the critical minerals sector. The company's focus on helicopter-supported drilling underscores the challenging Arctic environment and the need for specialized expertise, which Nordisk Fundering brings to the project.
The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML.
