Greenland Mines Signs Letter of Intent for Icelandic Industrial Site
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2026
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Should l Buy GRML?
Source: Newsfilter
- Strategic Partnership Framework: Greenland Mines has signed a non-binding Letter of Intent with an Icelandic industrial site owner, initiating technical, commercial, and permitting discussions, marking the first step in the company's strategy to establish a downstream processing hub in the North Atlantic, which is expected to significantly enhance project economics.
- Cost Savings Potential: By evaluating multiple large industrial sites in Iceland, the company anticipates saving over $1 billion in energy costs while leveraging Iceland's low-carbon geothermal and hydropower systems to reduce the overall carbon footprint of the project, promoting sustainable development.
- Infrastructure Advantages: Iceland offers year-round ice-free deep-water ports and established industrial park frameworks, and Greenland Mines plans to utilize existing industrial buildings and infrastructure to lower construction costs and timelines, thereby accelerating the advancement of the Skaergaard project.
- Market Connectivity: This initiative will connect Greenland's high-quality geological resources with Iceland's green energy, forming a North Atlantic critical minerals corridor that ensures stable supply to North American and European markets, aligning with the growing global demand for critical metals.
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About GRML
Greenland Mines Ltd, formerly Klotho Neurosciences, Inc., is a natural resources company. The Company is focused is focused on the exploration and development of the Skaergaard Project. It operates with two operating divisions Natural Resources and Cell and Gene Therapy. The Natural Resources division is focused on the exploration and development of the Skaergaard Project in Southeast Greenland, which is undeveloped palladium, gold, and platinum deposits. It operates three Mineral Exploration Licenses (MEL): MEL 2007-01, MEL 2012-25, and MEL 2021-10. The Company holds, through its acquisition of Greenland Mines Corp., an 80% interest in, and option to acquire the remaining 20% of, the Skaergaard Project. The Cell and Gene Therapy division includes the Company's KLTO-202 primary indication for amyotrophic lateral sclerosis (ALS or Lou Gehrig’s Disease).
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.
Greenland Mines Strategic Project Positioning
- Policy Momentum: The U.S. State Department's February 2026 Critical Minerals Ministerial, which gathered representatives from 54 countries, underscores the importance of addressing critical minerals supply chain vulnerabilities, positioning Greenland Mines' Skaergaard Project as a strategic response likely to attract increased investment.
- Significant Resource Value: As of February 2026, the Skaergaard Project's mineral resource is estimated at 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, translating to an approximate gross in-situ resource value of $68 billion at current metal prices, highlighting its global mining significance.
- Technical Team Development: Greenland Mines has built a robust technical team within five weeks by appointing SLR Consulting as the geological consultant, ensuring technical continuity and execution efficiency, with a site visit planned for late August 2026 to further advance the project.
- Iceland Processing Hub Potential: A non-binding Letter of Intent with an Icelandic industrial site owner indicates plans for a downstream processing hub that could leverage power costs as low as $0.03/kWh, with life-of-mine savings exceeding $1 billion, enhancing the project's economic viability.
See More
Greenland Mines Strategically Positions in Critical Minerals
- Critical Minerals Supply Chain Focus: The U.S. State Department hosted the 2026 Critical Minerals Ministerial in February, involving representatives from 54 countries and the European Commission, highlighting the importance of addressing vulnerabilities in critical minerals supply chains, which Greenland Mines is leveraging to enhance its strategic position in the global market.
- Innovative Project Financing: The Export-Import Bank approved a $10 billion Direct Loan for Project Vault, marking a significant increase in government support for critical minerals projects, which will benefit Greenland Mines' Skaergaard project and is expected to attract further investment.
- Significant Resource Value: The Skaergaard project is estimated to contain 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, with a gross resource value of approximately $68 billion at February 2026 metal prices, underscoring its importance in the global precious metals market.
- Technical Team Development: Greenland Mines has built a strong technical team in just five weeks and appointed SLR Consulting as its geological consultant, ensuring technical continuity and execution efficiency, laying a solid foundation for future resource development.
See More
Greenland Mines Advances Major Skaergaard Project Developments
- Significant Resource Scale: Greenland Mines' Skaergaard Project hosts 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, with an undiscounted resource value of approximately $68 billion at February 2026 metal prices, highlighting its prominence among the world's undeveloped platinum-gold deposits.
- Rapid Technical Team Assembly: Within five weeks, Greenland Mines successfully assembled a world-class consulting team including SLR Consulting, GTK Mintec, and WSP, responsible for geological, metallurgical, and environmental baseline work, thereby establishing a robust technical foundation for project advancement.
- North Atlantic Processing Strategy: The company signed a non-binding Letter of Intent with an Icelandic industrial site owner to evaluate a downstream processing hub, targeting power costs below $0.03/kWh, with potential life-of-mine savings exceeding $1 billion through hydropower and geothermal, significantly reducing capital intensity.
- Optimistic Platinum Supply Outlook: Bank of America raised its 2026 platinum price forecast to $2,450/oz, as the platinum market enters its third consecutive year of supply deficit, underscoring the investment appeal and market potential for Greenland Mines in the platinum group metals sector.
See More
Greenland Mines Appoints SLR Consulting as Geological Advisor for Skaergaard Project
- Consultant Appointment: Greenland Mines has appointed SLR Consulting as the geological consultant and Qualified Person for the Skaergaard Project, leveraging SLR's extensive experience on the project to enhance its technical foundation and facilitate smooth operations for the 2026 field season.
- Technical Support: SLR will provide comprehensive technical support for the Skaergaard project, including mine planning, metallurgy, and processing flowsheet development, ensuring efficient execution in resource definition and drilling planning, thereby accelerating project advancement.
- Team Integration: The integration of SLR with other leading consultants like GTK Mintec and WSP will create a robust advisory team that combines expertise across geology, metallurgy, and environmental studies to support the comprehensive development of the project.
- Resource Estimate: The 2022 NI 43-101 mineral resource estimate for the Skaergaard project indicates 25.4 million ounces of PdEq and 23.5 million ounces of AuEq, with a gross undiscounted resource value of approximately $68 billion based on February 2026 metal prices, highlighting the project's significant potential.
See More
Greenland Mines Appoints SLR Consulting for Skaergaard Project
- Consultant Appointment: Greenland Mines has appointed SLR Consulting as the geological consultant and Qualified Person for the Skaergaard Project, further strengthening its technical platform and supporting the project’s advancement into the next phase, which is expected to enhance technical execution efficiency.
- Technical Advantage: SLR's deep familiarity with the Skaergaard Project, including the latest NI 43-101 Technical Report, will provide robust technical support for resource definition and mine planning, ensuring efficient progress of the project.
- Team Collaboration: SLR will work closely with other leading consultants like GTK Mintec and WSP, forming a strong advisory team that covers multiple fields including geology, metallurgy, and environmental studies, thereby enhancing the project's comprehensive technical capabilities.
- Resource Potential: The Skaergaard Project's 2022 mineral resource estimate stands at 25.4 million ounces PdEq and 23.5 million ounces AuEq, with a total resource value of approximately $68 billion based on February 2026 metal prices, highlighting the project's significant economic potential.
See More
Greenland Mines Partners with GTK Mintec for Skaergaard Project
- Framework Agreement: Greenland Mines has signed a framework agreement with GTK Mintec to conduct extensive mineralogical, metallurgical, and environmental studies for the Skaergaard project, aiming to enhance the recovery value of gold, platinum, and palladium, thereby improving the project's economic viability and environmental responsibility.
- World-Class Testing Platform: The collaboration with GTK Mintec will establish a world-class testing platform for designing and piloting a flowsheet that maximizes value extraction from Skaergaard, which is expected to attract more strategic investors and financing partners as the project advances.
- Resource Potential Assessment: Skaergaard is recognized as one of the world's largest undeveloped palladium, gold, and platinum resources, with an estimated 25.4 million ounces of PdEq and 23.5 million ounces of AuEq, which could yield significant economic benefits for the company in the future.
- Sustainability Strategy: GTK Mintec's involvement will promote the sustainable utilization of mineral resources, aligning with Greenland Mines' North Atlantic Processing Site Strategy to facilitate low-carbon processing of resources, thereby enhancing the project's market competitiveness.
See More
Greenland Mines Strategic Project Positioning
- Policy Momentum: The U.S. State Department's February 2026 Critical Minerals Ministerial, which gathered representatives from 54 countries, underscores the importance of addressing critical minerals supply chain vulnerabilities, positioning Greenland Mines' Skaergaard Project as a strategic response likely to attract increased investment.
- Significant Resource Value: As of February 2026, the Skaergaard Project's mineral resource is estimated at 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, translating to an approximate gross in-situ resource value of $68 billion at current metal prices, highlighting its global mining significance.
- Technical Team Development: Greenland Mines has built a robust technical team within five weeks by appointing SLR Consulting as the geological consultant, ensuring technical continuity and execution efficiency, with a site visit planned for late August 2026 to further advance the project.
- Iceland Processing Hub Potential: A non-binding Letter of Intent with an Icelandic industrial site owner indicates plans for a downstream processing hub that could leverage power costs as low as $0.03/kWh, with life-of-mine savings exceeding $1 billion, enhancing the project's economic viability.
See More
Greenland Mines Strategically Positions in Critical Minerals
- Critical Minerals Supply Chain Focus: The U.S. State Department hosted the 2026 Critical Minerals Ministerial in February, involving representatives from 54 countries and the European Commission, highlighting the importance of addressing vulnerabilities in critical minerals supply chains, which Greenland Mines is leveraging to enhance its strategic position in the global market.
- Innovative Project Financing: The Export-Import Bank approved a $10 billion Direct Loan for Project Vault, marking a significant increase in government support for critical minerals projects, which will benefit Greenland Mines' Skaergaard project and is expected to attract further investment.
- Significant Resource Value: The Skaergaard project is estimated to contain 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, with a gross resource value of approximately $68 billion at February 2026 metal prices, underscoring its importance in the global precious metals market.
- Technical Team Development: Greenland Mines has built a strong technical team in just five weeks and appointed SLR Consulting as its geological consultant, ensuring technical continuity and execution efficiency, laying a solid foundation for future resource development.
See More
Greenland Mines Advances Major Skaergaard Project Developments
- Significant Resource Scale: Greenland Mines' Skaergaard Project hosts 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, with an undiscounted resource value of approximately $68 billion at February 2026 metal prices, highlighting its prominence among the world's undeveloped platinum-gold deposits.
- Rapid Technical Team Assembly: Within five weeks, Greenland Mines successfully assembled a world-class consulting team including SLR Consulting, GTK Mintec, and WSP, responsible for geological, metallurgical, and environmental baseline work, thereby establishing a robust technical foundation for project advancement.
- North Atlantic Processing Strategy: The company signed a non-binding Letter of Intent with an Icelandic industrial site owner to evaluate a downstream processing hub, targeting power costs below $0.03/kWh, with potential life-of-mine savings exceeding $1 billion through hydropower and geothermal, significantly reducing capital intensity.
- Optimistic Platinum Supply Outlook: Bank of America raised its 2026 platinum price forecast to $2,450/oz, as the platinum market enters its third consecutive year of supply deficit, underscoring the investment appeal and market potential for Greenland Mines in the platinum group metals sector.
See More
Greenland Mines Appoints SLR Consulting as Geological Advisor for Skaergaard Project
- Consultant Appointment: Greenland Mines has appointed SLR Consulting as the geological consultant and Qualified Person for the Skaergaard Project, leveraging SLR's extensive experience on the project to enhance its technical foundation and facilitate smooth operations for the 2026 field season.
- Technical Support: SLR will provide comprehensive technical support for the Skaergaard project, including mine planning, metallurgy, and processing flowsheet development, ensuring efficient execution in resource definition and drilling planning, thereby accelerating project advancement.
- Team Integration: The integration of SLR with other leading consultants like GTK Mintec and WSP will create a robust advisory team that combines expertise across geology, metallurgy, and environmental studies to support the comprehensive development of the project.
- Resource Estimate: The 2022 NI 43-101 mineral resource estimate for the Skaergaard project indicates 25.4 million ounces of PdEq and 23.5 million ounces of AuEq, with a gross undiscounted resource value of approximately $68 billion based on February 2026 metal prices, highlighting the project's significant potential.
See More
Greenland Mines Appoints SLR Consulting for Skaergaard Project
- Consultant Appointment: Greenland Mines has appointed SLR Consulting as the geological consultant and Qualified Person for the Skaergaard Project, further strengthening its technical platform and supporting the project’s advancement into the next phase, which is expected to enhance technical execution efficiency.
- Technical Advantage: SLR's deep familiarity with the Skaergaard Project, including the latest NI 43-101 Technical Report, will provide robust technical support for resource definition and mine planning, ensuring efficient progress of the project.
- Team Collaboration: SLR will work closely with other leading consultants like GTK Mintec and WSP, forming a strong advisory team that covers multiple fields including geology, metallurgy, and environmental studies, thereby enhancing the project's comprehensive technical capabilities.
- Resource Potential: The Skaergaard Project's 2022 mineral resource estimate stands at 25.4 million ounces PdEq and 23.5 million ounces AuEq, with a total resource value of approximately $68 billion based on February 2026 metal prices, highlighting the project's significant economic potential.
See More
Greenland Mines Partners with GTK Mintec for Skaergaard Project
- Framework Agreement: Greenland Mines has signed a framework agreement with GTK Mintec to conduct extensive mineralogical, metallurgical, and environmental studies for the Skaergaard project, aiming to enhance the recovery value of gold, platinum, and palladium, thereby improving the project's economic viability and environmental responsibility.
- World-Class Testing Platform: The collaboration with GTK Mintec will establish a world-class testing platform for designing and piloting a flowsheet that maximizes value extraction from Skaergaard, which is expected to attract more strategic investors and financing partners as the project advances.
- Resource Potential Assessment: Skaergaard is recognized as one of the world's largest undeveloped palladium, gold, and platinum resources, with an estimated 25.4 million ounces of PdEq and 23.5 million ounces of AuEq, which could yield significant economic benefits for the company in the future.
- Sustainability Strategy: GTK Mintec's involvement will promote the sustainable utilization of mineral resources, aligning with Greenland Mines' North Atlantic Processing Site Strategy to facilitate low-carbon processing of resources, thereby enhancing the project's market competitiveness.
See More
