Greenland Mines' Skaergaard Project Progress Update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Source: Newsfilter
- Significant Project Progress: Greenland Mines' Skaergaard Project reported by SLR Consulting on May 7, 2026, indicates 16.58 million ounces of palladium-equivalent in the Indicated category and 21.92 million ounces in the Inferred category, reflecting a 45% and 55% uplift from the 2022 model, respectively, which enhances the project's economic potential significantly.
- Funding Secured: The 2026 field, drill, and bulk-sample campaign is fully funded, ensuring that the project can proceed smoothly into future development phases, thereby enhancing the company's competitiveness in the critical minerals sector.
- Increased Industry Recognition: Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026, marking the project's formal inclusion in the EU's industrial framework for critical raw materials security, which strengthens its market position.
- Massive Resource Value: The 2022 NI 43-101 Mineral Resource Estimate indicates a gross in-situ resource value of approximately $68 billion for the Skaergaard Project, highlighting its significance among the world's undeveloped Pd-Au-Pt deposits and attracting increased investor interest.
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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 Participates in EIT RawMaterials Summit
- Leadership Participation: Greenland Mines' President, Dr. Bo Møller Stensgaard, will participate in the EIT RawMaterials Summit from May 19-21, 2026, in Brussels, bringing together policymakers, investors, and technology developers to foster strategic collaboration and innovation in the raw materials sector.
- Resource Efficiency Discussion: Dr. Stensgaard will engage in a roundtable on May 20, focusing on maximizing value from every tonne mined through advanced mineral processing and resource-efficient mining systems, aligning with the company's sustainability goals for the Skaergaard project.
- Strategic Relevance: The summit, themed “Accelerating Europe’s Competitiveness,” emphasizes the implementation of strategies across extraction, processing, and recycling, which Greenland Mines believes is highly relevant to its strategy for the Skaergaard Gold, Platinum, Palladium, and Critical Metals Project in East Greenland.
- Polymetallic Development Potential: The Skaergaard project has an in-situ mineral value of approximately $68 billion, with historical studies indicating potential for by-products like vanadium, gallium, iron, and titanium, which are not currently reflected in the mineral resource and will undergo further technical evaluation for comprehensive resource development.
See More
Greenland Mines Engages in EIT RawMaterials Summit 2026
- Industry Forum Participation: Dr. Bo Møller Stensgaard, President of Greenland Mines, will participate in the EIT RawMaterials Summit from May 19 to 21, 2026, in Brussels, bringing together policymakers, industrial companies, and investors to discuss the future of the raw materials value chain, enhancing the company's influence in the industry.
- Resource Efficiency Discussion: Dr. Stensgaard will engage in a roundtable on 'Resource Efficient Mining,' emphasizing maximizing value from every tonne mined through advanced mineral processing and tailings recovery, aligning with the company's strategic goals in sustainable mining.
- Strategic Project Advancement: Greenland Mines is advancing the Skaergaard project, which has an estimated mineral value of approximately $68 billion, and participation in the summit will help enhance the project's technical sophistication and strategic relevance, further solidifying its position in the North Atlantic critical minerals corridor.
- Polymetallic Resource Development: The company is collaborating with GTK Mintec on a comprehensive mineralogical and metallurgical program aimed at evaluating the recovery potential of gold, platinum, palladium, and other metals within the Skaergaard project, enhancing the resilience of supply chains through economic development of polymetallic resources.
See More
Update on Western Critical Minerals Projects
- KSM Project Progress: Seabridge Gold's KSM project has been designated a provincial priority in British Columbia, hosting 7.3 billion pounds of copper and 47.3 million ounces of gold, with provincial support expected to expedite regulatory processes and enhance financing appeal.
- Elk Creek Groundbreaking: NioCorp's Elk Creek project in Nebraska officially broke ground in March 2026, becoming North America's only niobium-scandium-titanium deposit with construction permits, and is set to enhance marketing capabilities through a partnership with Traxys for the next decade of operations.
- Goose Mine Commercialization: B2Gold's Goose Mine achieved commercial production in October 2025, with Q1 2026 gold output reaching 237,763 ounces, exceeding expectations, and full-year guidance of 820,000 to 970,000 ounces indicates strong operational potential in the Arctic region.
- Santa Cruz Project Planning: Ivanhoe Electric's Santa Cruz copper project is slated for first copper cathode production in 2028, aligning its multi-metal development strategy with U.S. supply chain independence goals, showcasing the company's strategic positioning in critical minerals.
See More
Greenland Mines' Skaergaard Project Progress Update
- Significant Project Progress: Greenland Mines' Skaergaard Project reported by SLR Consulting on May 7, 2026, indicates 16.58 million ounces of palladium-equivalent in the Indicated category and 21.92 million ounces in the Inferred category, reflecting a 45% and 55% uplift from the 2022 model, respectively, which enhances the project's economic potential significantly.
- Funding Secured: The 2026 field, drill, and bulk-sample campaign is fully funded, ensuring that the project can proceed smoothly into future development phases, thereby enhancing the company's competitiveness in the critical minerals sector.
- Increased Industry Recognition: Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026, marking the project's formal inclusion in the EU's industrial framework for critical raw materials security, which strengthens its market position.
- Massive Resource Value: The 2022 NI 43-101 Mineral Resource Estimate indicates a gross in-situ resource value of approximately $68 billion for the Skaergaard Project, highlighting its significance among the world's undeveloped Pd-Au-Pt deposits and attracting increased investor interest.
See More
Greenland Mines Sensitivity Analysis Reveals Gold Price Revaluation
- Gold Price Revaluation Impact: Newmont reported a realized gold price of $4,900 per ounce in Q1 2026, with quarterly free cash flow reaching $3.1 billion, indicating the mining industry's rapid adaptation to gold price revaluation, which is expected to enhance the development potential of undeveloped resources.
- Sensitivity Analysis Results: Greenland Mines' Skaergaard project indicates a 45% uplift in palladium-equivalent content under a scenario where gold prices rise from $1,800 to $5,000, projecting 16.58 million ounces of indicated palladium-equivalent, highlighting the significant impact of gold prices on resource valuation.
- Resource Estimate Update: The 2022 NI 43-101 mineral resource report shows a total indicated and inferred resource of 364.37 million tonnes at 2.17 g/t palladium-equivalent, with an undiscounted metal value of approximately $68 billion at 2026 metal prices, showcasing the project's substantial economic potential.
- Future Development Plans: Greenland Mines is set to conduct a fully funded field, drill, and bulk-sample campaign in 2026 to evaluate open-pit and underground mining scenarios, ensuring the project's feasibility and economic viability while advancing the company's strategic positioning in the precious metals sector.
See More
Skaergaard Project Enhances North Atlantic Supply Chain
- Resource Value: The Skaergaard Project's mineral resource is estimated to have a total value of approximately $68 billion at February 2026 metal prices, highlighting its significance in the global precious metals market and potentially attracting more investor interest.
- Technical Advancement Plans: The company plans a large-scale multi-technical field campaign in 2026, including resource expansion drilling and environmental baseline work, aimed at enhancing the accuracy of resource assessments to lay the groundwork for future production.
- By-product Potential: Historical studies indicate potential by-product optionality in vanadium, gallium, iron, and titanium, which are not currently reflected in the Mineral Resource, but future technical evaluations could significantly enhance the project's economic value.
- North Atlantic Corridor Concept: The company is advancing the North Atlantic Critical Minerals Corridor concept, considering Iceland as a downstream processing platform, which will help optimize the supply chain and strengthen connections with European and North American markets.
See More
Greenland Mines Participates in EIT RawMaterials Summit
- Leadership Participation: Greenland Mines' President, Dr. Bo Møller Stensgaard, will participate in the EIT RawMaterials Summit from May 19-21, 2026, in Brussels, bringing together policymakers, investors, and technology developers to foster strategic collaboration and innovation in the raw materials sector.
- Resource Efficiency Discussion: Dr. Stensgaard will engage in a roundtable on May 20, focusing on maximizing value from every tonne mined through advanced mineral processing and resource-efficient mining systems, aligning with the company's sustainability goals for the Skaergaard project.
- Strategic Relevance: The summit, themed “Accelerating Europe’s Competitiveness,” emphasizes the implementation of strategies across extraction, processing, and recycling, which Greenland Mines believes is highly relevant to its strategy for the Skaergaard Gold, Platinum, Palladium, and Critical Metals Project in East Greenland.
- Polymetallic Development Potential: The Skaergaard project has an in-situ mineral value of approximately $68 billion, with historical studies indicating potential for by-products like vanadium, gallium, iron, and titanium, which are not currently reflected in the mineral resource and will undergo further technical evaluation for comprehensive resource development.
See More
Greenland Mines Engages in EIT RawMaterials Summit 2026
- Industry Forum Participation: Dr. Bo Møller Stensgaard, President of Greenland Mines, will participate in the EIT RawMaterials Summit from May 19 to 21, 2026, in Brussels, bringing together policymakers, industrial companies, and investors to discuss the future of the raw materials value chain, enhancing the company's influence in the industry.
- Resource Efficiency Discussion: Dr. Stensgaard will engage in a roundtable on 'Resource Efficient Mining,' emphasizing maximizing value from every tonne mined through advanced mineral processing and tailings recovery, aligning with the company's strategic goals in sustainable mining.
- Strategic Project Advancement: Greenland Mines is advancing the Skaergaard project, which has an estimated mineral value of approximately $68 billion, and participation in the summit will help enhance the project's technical sophistication and strategic relevance, further solidifying its position in the North Atlantic critical minerals corridor.
- Polymetallic Resource Development: The company is collaborating with GTK Mintec on a comprehensive mineralogical and metallurgical program aimed at evaluating the recovery potential of gold, platinum, palladium, and other metals within the Skaergaard project, enhancing the resilience of supply chains through economic development of polymetallic resources.
See More
Update on Western Critical Minerals Projects
- KSM Project Progress: Seabridge Gold's KSM project has been designated a provincial priority in British Columbia, hosting 7.3 billion pounds of copper and 47.3 million ounces of gold, with provincial support expected to expedite regulatory processes and enhance financing appeal.
- Elk Creek Groundbreaking: NioCorp's Elk Creek project in Nebraska officially broke ground in March 2026, becoming North America's only niobium-scandium-titanium deposit with construction permits, and is set to enhance marketing capabilities through a partnership with Traxys for the next decade of operations.
- Goose Mine Commercialization: B2Gold's Goose Mine achieved commercial production in October 2025, with Q1 2026 gold output reaching 237,763 ounces, exceeding expectations, and full-year guidance of 820,000 to 970,000 ounces indicates strong operational potential in the Arctic region.
- Santa Cruz Project Planning: Ivanhoe Electric's Santa Cruz copper project is slated for first copper cathode production in 2028, aligning its multi-metal development strategy with U.S. supply chain independence goals, showcasing the company's strategic positioning in critical minerals.
See More
Greenland Mines' Skaergaard Project Progress Update
- Significant Project Progress: Greenland Mines' Skaergaard Project reported by SLR Consulting on May 7, 2026, indicates 16.58 million ounces of palladium-equivalent in the Indicated category and 21.92 million ounces in the Inferred category, reflecting a 45% and 55% uplift from the 2022 model, respectively, which enhances the project's economic potential significantly.
- Funding Secured: The 2026 field, drill, and bulk-sample campaign is fully funded, ensuring that the project can proceed smoothly into future development phases, thereby enhancing the company's competitiveness in the critical minerals sector.
- Increased Industry Recognition: Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026, marking the project's formal inclusion in the EU's industrial framework for critical raw materials security, which strengthens its market position.
- Massive Resource Value: The 2022 NI 43-101 Mineral Resource Estimate indicates a gross in-situ resource value of approximately $68 billion for the Skaergaard Project, highlighting its significance among the world's undeveloped Pd-Au-Pt deposits and attracting increased investor interest.
See More
Greenland Mines Sensitivity Analysis Reveals Gold Price Revaluation
- Gold Price Revaluation Impact: Newmont reported a realized gold price of $4,900 per ounce in Q1 2026, with quarterly free cash flow reaching $3.1 billion, indicating the mining industry's rapid adaptation to gold price revaluation, which is expected to enhance the development potential of undeveloped resources.
- Sensitivity Analysis Results: Greenland Mines' Skaergaard project indicates a 45% uplift in palladium-equivalent content under a scenario where gold prices rise from $1,800 to $5,000, projecting 16.58 million ounces of indicated palladium-equivalent, highlighting the significant impact of gold prices on resource valuation.
- Resource Estimate Update: The 2022 NI 43-101 mineral resource report shows a total indicated and inferred resource of 364.37 million tonnes at 2.17 g/t palladium-equivalent, with an undiscounted metal value of approximately $68 billion at 2026 metal prices, showcasing the project's substantial economic potential.
- Future Development Plans: Greenland Mines is set to conduct a fully funded field, drill, and bulk-sample campaign in 2026 to evaluate open-pit and underground mining scenarios, ensuring the project's feasibility and economic viability while advancing the company's strategic positioning in the precious metals sector.
See More
Skaergaard Project Enhances North Atlantic Supply Chain
- Resource Value: The Skaergaard Project's mineral resource is estimated to have a total value of approximately $68 billion at February 2026 metal prices, highlighting its significance in the global precious metals market and potentially attracting more investor interest.
- Technical Advancement Plans: The company plans a large-scale multi-technical field campaign in 2026, including resource expansion drilling and environmental baseline work, aimed at enhancing the accuracy of resource assessments to lay the groundwork for future production.
- By-product Potential: Historical studies indicate potential by-product optionality in vanadium, gallium, iron, and titanium, which are not currently reflected in the Mineral Resource, but future technical evaluations could significantly enhance the project's economic value.
- North Atlantic Corridor Concept: The company is advancing the North Atlantic Critical Minerals Corridor concept, considering Iceland as a downstream processing platform, which will help optimize the supply chain and strengthen connections with European and North American markets.
See More
