Greenland Mines Ltd. (NASDAQ: GRML) has announced the completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland. The survey, which covered more area than originally planned, has produced high-resolution seabed data across the fjords surrounding the project. This data has already been used to guide the company's support vessel to a new anchorage within 500 meters of the initial 2026 operational area. Additionally, the survey is expected to support the creation of new official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations.
The completion of the bathymetric survey marks a significant step in the company's preparation for the 2026 drill season. Greenland Mines has also completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample and has transitioned to NQ-size core drilling for resource definition and geotechnical work through the remainder of the season. A new core shack for logging, sampling, and storage is now fully operational, further facilitating the ongoing field program.
This work is part of a broader 2026 field program at Skaergaard that encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The company is advancing the project toward an Initial Assessment, a critical milestone in the development of the Skaergaard deposit, which is one of the world's largest layered intrusions and holds significant potential for critical minerals.
The importance of this announcement lies in the strategic progress at Skaergaard, which is a key asset in Greenland Mines' portfolio. The bathymetric survey not only enhances operational safety but also lays the groundwork for efficient and sustainable development of the project. By gathering detailed seabed data, the company is better positioned to plan future marine logistics, which are essential for transporting equipment and personnel to this remote location. Furthermore, the completion of the bulk sample drill core indicates that the company is on track to provide metallurgical samples for process testing, a vital step in validating the economic viability of the project.
Greenland Mines operates with two divisions: Mining and Biotech. The Mining division focuses on the exploration and development of the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland. The Biotech division includes 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.
For more information on the company and its activities, visit the company's newsroom at GRML Newsroom. The full press release is available at this link.
