GRML News & Events

Greenland Mines announces that it has signed a diamond drilling contract with Nordisk Fundering A/S in support of the 2026 field campaign at the company's 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The 2026 drilling campaign is currently expected to comprise approximately 7,500 meters of helicopter-supported diamond core drilling and is designed to support several parallel technical objectives at Skaergaard, including resource-category advancement, the collection of additional metallurgical material and data for the metallurgical and processing program being carried out by GTK Mintec, and geotechnical characterization to support the evaluation of future open-pit development scenarios. Greenland Mines believes this integrated drilling approach represents an important step in systematically advancing Skaergaard from a large mineral resource toward a more development-ready project supported by upgraded geological, technical, metallurgical, and engineering datasets.

Greenland Mines has engaged Tetra Tech Canada and GeoSim Services to prepare an updated Mineral Resource Estimate, or MRE, for the Sarfartoq Neodymium-Praseodymium - or Nd-Pr - Rare Earth Magnet Project in southwest Greenland, in accordance with U.S. SEC Regulation S-K 1300. GeoSim has been engaged to act as Qualified Person for the S-K 1300-compliant MRE for Sarfartoq. Tetra Tech has been retained under a parallel technical services mandate to provide engineering and metallurgical support to the MRE. The updated MRE is expected to form the basis for an updated preliminary economic assessment, or PEA, and to support future technical studies and public disclosure. Prior to closing the Sarfartoq acquisition, Greenland Mines has initiated the formal transfer process for the Sarfartoq exploration licenses with the relevant Greenland authorities. The S-K 1300 MRE work program is expected to be advanced on an accelerated timeline and substantially completed by this summer, allowing Greenland Mines to announce an updated mineral resource for Sarfartoq and file a supporting S-K 1300 Technical Report Summary shortly thereafter, subject to customary internal review and approval.

Greenland Mines has entered into a strategic share exchange agreement with AnorTech, a Greenland-focused technology and resource development company advancing sustainable alumina, high purity alumina, CO2-free cement, and related industrial materials from its 100%-owned Gronne Bjerg anorthosite project in Greenland. The AnorTech Green Mountain massive anorthosite project in Southwest Greenland is accessible by the deep-water fjord Kangersuneq 80 km northwest of the capital Nuuk and its International Airport. The 'Green Mountain' clear-white deposit can be used to produce sustainable smelter grade alumina, or SGA, and high purity alumina, or HPA, CO2-free cement and related industrial materials. The investment provides Greenland Mines with an initial 9.9% equity position in AnorTech, together with an option to increase its ownership to as much as 19.9% on defined terms over the following six months. AnorTech is developing a proprietary process to produce sustainable smelter grade alumina SGA and HPA from anorthosite, designed to eliminate conventional bauxite-residue tailings and instead generate saleable byproducts. The company believes Gronne Bjerg could, over time, fit naturally into a future North Atlantic processing chain in which bulk material from southwest Greenland is moved by sea for refining or industrial conversion in Iceland.