Greenland Mines (NASDAQ: GRML) announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland. The updated estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work and drilling data from Neo Performance Materials between 2023 and 2025. It is intended to support an updated preliminary economic assessment and future development studies, marking a key step in advancing the project toward production.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning, and metallurgical support, including optimization studies evaluating open-pit, underground, and hybrid development scenarios. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project. The company believes Sarfartoq is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains, which are critical for magnets used in electric vehicles and wind turbines.
The announcement underscores the growing importance of securing domestic rare earth sources, as global demand for neodymium and praseodymium continues to rise. Greenland Mines' strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision. The company's Nasdaq listing provides access to capital markets to fund these initiatives.
For more details, the full press release is available at https://ibn.fm/eIurP. Additional updates regarding GRML can be found in the company's newsroom at https://ibn.fm/GRML.
