Greenland Mines (NASDAQ: GRML) announced that independent consultant SLR Consulting (Canada) Ltd. has completed the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary for the Skaergaard project in southeast Greenland. The report features an updated 2026 Mineral Resource Estimate effective July 3, 2026, which shows a 31% increase in indicated contained palladium equivalent (“PdEq”) metal to 15.0 million ounces and a 36% boost in indicated grade to 3.04 g/t PdEq. Inferred contained PdEq metal rose by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company attributed the upgraded resource to improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. The S-K 1300 compliance provides the regulatory foundation to advance toward an Initial Assessment under S-K 1300. Greenland Mines also noted that its 2026 field program is 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 Skaergaard project is a key asset in Greenland Mines’ mining division, which also includes the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland, subject to closing of a previously announced transaction. 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.
For more details, the full press release is available at https://ibn.fm/qqEBp. The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
This announcement is significant as it demonstrates the growing resource base at Skaergaard, which could become a major source of palladium and other precious metals, supporting Greenland Mines’ vision of a critical minerals corridor. The upgraded estimate and regulatory compliance position the company for further development and potential financing.
