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, featuring an updated 2026 Mineral Resource Estimate effective July 3, 2026. The estimate increased indicated contained palladium equivalent (“PdEq”) metal by 31% to 15.0 million ounces, boosted indicated grade by 36% to 3.04 g/t PdEq and raised inferred contained PdEq metal by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company said the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce, while providing 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.
At a glance
- Company
- Greenland Mines
- Ticker
- NASDAQ: GRML
- Location
- Southeast Greenland
Key figures
- Increase in indicated contained PdEq metal
- 31%
- Indicated contained PdEq metal
- 15.0 million ounces
- Increase in indicated grade
- 36%
- Indicated grade
- 3.04 g/t PdEq
- Increase in inferred contained PdEq metal
- 24%
- Inferred contained PdEq metal
- 17.49 million ounces
Products and programs
To view the full press release, visit: https://ibn.fm/qqEBp
About Greenland Mines
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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.
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In brief
Greenland Mines says an updated resource estimate for its Skaergaard project in southeast Greenland shows increases in indicated and inferred palladium equivalent resources compared with the 2022 estimate. Prepared by SLR Consulting (Canada) Ltd., the estimate is included in the project’s first U.S. SEC S-K 1300-compliant Technical Report Summary and is effective July 3, 2026. The company attributes the changes to improved geological modeling and revised metal price assumptions, including a gold price of $3,500 per ounce. It says the report provides a regulatory basis for advancing toward an Initial Assessment under S-K 1300. Greenland Mines also reports that its 2026 field program is underway, with drilling, sampling, engineering, environmental and geotechnical work intended to evaluate open-pit and underground mining scenarios.
Key takeaways
- The updated estimate puts indicated contained palladium equivalent metal at 15.0 million ounces, a 31% increase from 2022.
- Indicated grade rose 36% to 3.04 g/t PdEq, while inferred contained PdEq metal increased 24% to 17.49 million ounces.
- SLR Consulting prepared the project’s first S-K 1300-compliant Technical Report Summary.
- Greenland Mines says its 2026 field program is underway to evaluate open-pit and underground mining scenarios.
SEC filings
- 8-KCURRENT REPORT Filed
- 8-KCURRENT REPORT Filed
- 4PRIMARY DOCUMENT Filed
- 4PRIMARY DOCUMENT Filed
- 8-KCURRENT REPORT Filed
- 8-KCURRENT REPORT Filed
- 4PRIMARY DOCUMENT Filed
- 8-KCURRENT REPORT Filed
- 144Notice of proposed sale of securities Filed
- DEF 14APROXY STATEMENT Filed
- 424B3PROSPECTUS SUPPLEMENT Filed
- 8-KCURRENT REPORT Filed
- 8-KCURRENT REPORT Filed
- 8-KCURRENT REPORT Filed
Earlier from Greenland Mines
- Greenland Mines (NASDAQ: GRML) Secures Australian Patent for Klotho Gene Therapy Platform
- Greenland Mines (NASDAQ: GRML) Accelerates Rare Earth Development at Sarfartoq Project
- Greenland Mines (NASDAQ: GRML) Advances Critical Minerals Strategy as Global Demand Accelerates
- Greenland Mines (NASDAQ: GRML) Is ‘One to Watch’
- Greenland Mines (NASDAQ: GRML) Signs Drilling Contract for 2026 Skaergaard Field Program
