Greenland Mines Acquires Industrial Site in Iceland
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: Newsfilter
- Strategic Acquisition: Greenland Mines (NASDAQ:GRML) has secured a First Right of Refusal for the Helguvík industrial site in Iceland, covering approximately 60,000 square meters and equipped with deep-water port access and 40 megawatts of power, aimed at supporting its North Atlantic Critical Metals Corridor.
- Resource Integration: The company holds a resource of 25.4 million ounces of platinum-group metals at its Skaergaard deposit in East Greenland, and with the infrastructure at Helguvík, it is expected to significantly enhance its competitiveness in the critical metals market.
- Environmental Commitment: Greenland Mines is committed to modern, low-impact industrial development at Helguvík, ensuring compliance with high environmental standards to gain social license from local communities, thereby enhancing project sustainability.
- Market Positioning: By integrating the Skaergaard and Sarfartoq rare-earth projects, Greenland Mines is working to establish a vertically integrated critical metals platform to meet the urgent demand from Western nations to reduce reliance on Russian and Chinese supplies.
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About CRML
Critical Metals Corp. is a mining development company focused on critical metals and minerals, and producing strategic products essential to electrification. The Company’s project includes Tanbreez Project and Wolfsberg Lithium Project. The Tanbreez Rare Earth Project is a massive, rare-earth deposit rich in heavy rare earth elements (HREEs), and rare metal oxides like tantalum, niobium, zirconium, hafnium and gallium which are important for high-tech and military applications. It is located in Southern Greenland. The Wolfsberg Lithium Project is located in Carinthia, 270-kilometer (km) south of Vienna, Austria. The Wolfsberg Lithium Project is the permitted mine in Europe and located with access to established road and rail infrastructure. With its strategic asset portfolio, the Company supplies critical minerals essential for defense applications, the clean energy transition, and technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Critical Metals Corp Launches Drilling Campaign
- Drilling Campaign Initiated: Critical Metals Corp has commenced a 10,000-meter drilling campaign at its Tanbreez Rare Earth Project in Greenland, aimed at supporting resource expansion and future development, marking a significant milestone in project advancement.
- Infrastructure Completed: The company has completed the construction and commissioning of initial project infrastructure, which supports the 2026 drilling program and ensures the feasibility of resource development and project progression.
- Site Preparation Underway: Drilling contractors and support teams have successfully mobilized to the site, with equipment inspections and safety assessments completed, allowing drilling operations to commence fully, which is expected to provide crucial data for mine planning and infrastructure design.
- Strategic Asset Development: The Tanbreez project is one of the world's largest undeveloped rare earth projects, and the 2026 drilling activities will further enhance the company's understanding of mineralization characteristics, supporting future resource updates and feasibility studies.
See More
Critical Metals Initiates Drilling Campaign at Tanbreez Project
- Drilling Campaign Launched: Critical Metals has initiated a 10,000-meter diamond drilling campaign at its Tanbreez rare earth project in Greenland, which is expected to generate crucial geological and engineering data to support future resource updates and mine planning.
- Focus on Priority Zones: Initial drilling will target priority mineralized zones identified through historical exploration, recent technical reviews, and geological modeling, aiming to support resource expansion and infrastructure design.
- Significant Resource Potential: Tanbreez is one of the world's largest undeveloped rare earth projects, containing substantial concentrations of heavy rare earth elements critical for permanent magnets, electric vehicles, and defense systems, highlighting its strategic importance.
- Positive Market Reaction: Following the announcement of the drilling campaign, Critical Metals' stock rose 8.1% in early trading on Wednesday, reflecting investor optimism regarding the project's future potential.
See More
Greenland Mines Invests in AnorTech to Expand Midstream Market
- Strategic Investment: On June 16, 2026, Greenland Mines announced a strategic share investment in AnorTech, acquiring an initial 9.9% stake with an option to increase to 19.9%, marking a shift from upstream resources to midstream processing to capture strategic bottlenecks in the critical materials value chain.
- Midstream Market Expansion: By investing in AnorTech, Greenland Mines expands into the production of sustainable alumina and high-purity alumina, which is expected to enhance its competitiveness in the North Atlantic Critical Metals Corridor strategy and increase industrial processing opportunities in allied jurisdictions like Iceland and North America.
- Resource Advantage: Greenland Mines' Skaergaard project boasts 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, and combined with AnorTech's alumina technology, is expected to provide a strong resource base and low-carbon development potential.
- Market Context: With China dominating global critical minerals processing, Western nations are accelerating efforts to establish independent supply chains, and Greenland Mines' strategic positioning aligns perfectly with this trend, enhancing its significance in the global market.
See More
Greenland Mines Invests in AnorTech to Expand Midstream Operations
- Strategic Investment: On June 16, 2026, Greenland Mines announced a strategic share-exchange investment in AnorTech, acquiring an initial 9.9% stake with an option to increase to 19.9%, which expands the company from upstream resources into the midstream processing sector, enhancing its value capture capabilities in the North Atlantic Critical Metals Corridor.
- Technological Innovation: AnorTech is developing a proprietary process to produce sustainable smelter-grade alumina and high-purity alumina from anorthosite, designed to eliminate bauxite residue and generate saleable byproducts, which is expected to enhance its competitiveness in the environmentally-friendly industrial materials market.
- Resource Integration: Greenland Mines' Skaergaard project boasts a mineral resource of 25.4 million ounces of palladium-gold-platinum, and combined with AnorTech's technology, is anticipated to strengthen the company's strategic position in the critical minerals supply chain, particularly for applications in electric vehicles and wind energy.
- Market Opportunity: Amidst China's dominance in processing capabilities, Greenland Mines' strategic positioning comes at a time of increasing demand for critical minerals from Western nations, and this investment is expected to bolster its influence and competitive edge in the market.
See More
Japanese Scientists to Explore Rare Earth Mining in Greenland
- Rare Earth Exploration: Scientists from Japan's Organization for Metals and Energy Security will visit Greenland to study rare earth deposits and mining costs, with expectations that these deposits will contain elements essential for electric vehicles, batteries, and semiconductors, thereby providing crucial resource support for Japan's new energy sector.
- Key Project Focus: Critical Metals Corp.'s Tanbreez Project is recognized as one of the world's largest heavy rare earth deposits, containing significant concentrations of terbium, dysprosium, and yttrium, which are vital materials for electric vehicles, defense systems, and advanced manufacturing, likely attracting increased investor interest.
- Stock Price Surge: Following news of Japan's plans to explore rare earth mining opportunities in Greenland, Critical Metals' shares rose nearly 5% in pre-market trading on Monday, reflecting market optimism regarding the company's growth potential, especially against the backdrop of rising rare earth demand.
- Long-term Supply Agreement: Critical Metals has signed a long-term rare earth supply agreement with REalloys Inc. for 15% of Tanbreez's annual rare earth concentrate output, which not only strengthens the company's market position but also ensures future production stability.
See More
Greenland Mines Secures Key Industrial Site in Iceland
- Strategic Industrial Site: Greenland Mines has secured approximately 60,000 square meters of the Helguvík industrial site in Iceland, featuring deep-water port access and 40 megawatts of power, which enhances its position in the critical minerals supply chain.
- North Atlantic Metals Corridor: This industrial site will support the company's vision of a 'North Atlantic Critical Metals Corridor' linking the Skaergaard deposit in Greenland with low-cost renewable-powered processing in Iceland, expected to improve resource transportation efficiency.
- Rich Mineral Resources: The Skaergaard deposit hosts a resource of 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, making it one of the largest undeveloped palladium-gold deposits globally, aligning with Western nations' goals to reduce reliance on Russia and China.
- Environmentally Friendly Development: Greenland Mines is committed to modern, low-impact industrial development at Helguvík, ensuring compliance with high environmental standards, aiming to secure social license from local communities, thereby enhancing project feasibility and sustainability.
See More
Critical Metals Corp Launches Drilling Campaign
- Drilling Campaign Initiated: Critical Metals Corp has commenced a 10,000-meter drilling campaign at its Tanbreez Rare Earth Project in Greenland, aimed at supporting resource expansion and future development, marking a significant milestone in project advancement.
- Infrastructure Completed: The company has completed the construction and commissioning of initial project infrastructure, which supports the 2026 drilling program and ensures the feasibility of resource development and project progression.
- Site Preparation Underway: Drilling contractors and support teams have successfully mobilized to the site, with equipment inspections and safety assessments completed, allowing drilling operations to commence fully, which is expected to provide crucial data for mine planning and infrastructure design.
- Strategic Asset Development: The Tanbreez project is one of the world's largest undeveloped rare earth projects, and the 2026 drilling activities will further enhance the company's understanding of mineralization characteristics, supporting future resource updates and feasibility studies.
See More
Critical Metals Initiates Drilling Campaign at Tanbreez Project
- Drilling Campaign Launched: Critical Metals has initiated a 10,000-meter diamond drilling campaign at its Tanbreez rare earth project in Greenland, which is expected to generate crucial geological and engineering data to support future resource updates and mine planning.
- Focus on Priority Zones: Initial drilling will target priority mineralized zones identified through historical exploration, recent technical reviews, and geological modeling, aiming to support resource expansion and infrastructure design.
- Significant Resource Potential: Tanbreez is one of the world's largest undeveloped rare earth projects, containing substantial concentrations of heavy rare earth elements critical for permanent magnets, electric vehicles, and defense systems, highlighting its strategic importance.
- Positive Market Reaction: Following the announcement of the drilling campaign, Critical Metals' stock rose 8.1% in early trading on Wednesday, reflecting investor optimism regarding the project's future potential.
See More
Greenland Mines Invests in AnorTech to Expand Midstream Market
- Strategic Investment: On June 16, 2026, Greenland Mines announced a strategic share investment in AnorTech, acquiring an initial 9.9% stake with an option to increase to 19.9%, marking a shift from upstream resources to midstream processing to capture strategic bottlenecks in the critical materials value chain.
- Midstream Market Expansion: By investing in AnorTech, Greenland Mines expands into the production of sustainable alumina and high-purity alumina, which is expected to enhance its competitiveness in the North Atlantic Critical Metals Corridor strategy and increase industrial processing opportunities in allied jurisdictions like Iceland and North America.
- Resource Advantage: Greenland Mines' Skaergaard project boasts 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, and combined with AnorTech's alumina technology, is expected to provide a strong resource base and low-carbon development potential.
- Market Context: With China dominating global critical minerals processing, Western nations are accelerating efforts to establish independent supply chains, and Greenland Mines' strategic positioning aligns perfectly with this trend, enhancing its significance in the global market.
See More
Greenland Mines Invests in AnorTech to Expand Midstream Operations
- Strategic Investment: On June 16, 2026, Greenland Mines announced a strategic share-exchange investment in AnorTech, acquiring an initial 9.9% stake with an option to increase to 19.9%, which expands the company from upstream resources into the midstream processing sector, enhancing its value capture capabilities in the North Atlantic Critical Metals Corridor.
- Technological Innovation: AnorTech is developing a proprietary process to produce sustainable smelter-grade alumina and high-purity alumina from anorthosite, designed to eliminate bauxite residue and generate saleable byproducts, which is expected to enhance its competitiveness in the environmentally-friendly industrial materials market.
- Resource Integration: Greenland Mines' Skaergaard project boasts a mineral resource of 25.4 million ounces of palladium-gold-platinum, and combined with AnorTech's technology, is anticipated to strengthen the company's strategic position in the critical minerals supply chain, particularly for applications in electric vehicles and wind energy.
- Market Opportunity: Amidst China's dominance in processing capabilities, Greenland Mines' strategic positioning comes at a time of increasing demand for critical minerals from Western nations, and this investment is expected to bolster its influence and competitive edge in the market.
See More
Japanese Scientists to Explore Rare Earth Mining in Greenland
- Rare Earth Exploration: Scientists from Japan's Organization for Metals and Energy Security will visit Greenland to study rare earth deposits and mining costs, with expectations that these deposits will contain elements essential for electric vehicles, batteries, and semiconductors, thereby providing crucial resource support for Japan's new energy sector.
- Key Project Focus: Critical Metals Corp.'s Tanbreez Project is recognized as one of the world's largest heavy rare earth deposits, containing significant concentrations of terbium, dysprosium, and yttrium, which are vital materials for electric vehicles, defense systems, and advanced manufacturing, likely attracting increased investor interest.
- Stock Price Surge: Following news of Japan's plans to explore rare earth mining opportunities in Greenland, Critical Metals' shares rose nearly 5% in pre-market trading on Monday, reflecting market optimism regarding the company's growth potential, especially against the backdrop of rising rare earth demand.
- Long-term Supply Agreement: Critical Metals has signed a long-term rare earth supply agreement with REalloys Inc. for 15% of Tanbreez's annual rare earth concentrate output, which not only strengthens the company's market position but also ensures future production stability.
See More
Greenland Mines Secures Key Industrial Site in Iceland
- Strategic Industrial Site: Greenland Mines has secured approximately 60,000 square meters of the Helguvík industrial site in Iceland, featuring deep-water port access and 40 megawatts of power, which enhances its position in the critical minerals supply chain.
- North Atlantic Metals Corridor: This industrial site will support the company's vision of a 'North Atlantic Critical Metals Corridor' linking the Skaergaard deposit in Greenland with low-cost renewable-powered processing in Iceland, expected to improve resource transportation efficiency.
- Rich Mineral Resources: The Skaergaard deposit hosts a resource of 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, making it one of the largest undeveloped palladium-gold deposits globally, aligning with Western nations' goals to reduce reliance on Russia and China.
- Environmentally Friendly Development: Greenland Mines is committed to modern, low-impact industrial development at Helguvík, ensuring compliance with high environmental standards, aiming to secure social license from local communities, thereby enhancing project feasibility and sustainability.
See More
