Greenland Mines Ltd (NASDAQ: GRML) announced that independent consultant SLR Consulting (Canada) Ltd. has completed the first U.S. Securities and Exchange Commission S-K 1300-compliant Technical Report Summary for the Skaergaard project in southeast Greenland. The report features an updated 2026 Mineral Resource Estimate effective July 3, 2026. The estimate increased indicated contained palladium equivalent (PdEq) metal by 31% to 15.0 million ounces, boosted indicated grade by 36% to 3.04 g/t PdEq, and raised inferred contained PdEq metal by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company said the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce, while providing the regulatory foundation to advance toward an Initial Assessment under S-K 1300. Greenland Mines also noted that its 2026 field program is underway with drilling, bulk sampling, engineering, environmental and geotechnical work designed to support evaluation of both open-pit and underground mining scenarios at the Skaergaard project.
This announcement is significant because it demonstrates a substantial increase in the project's resource base, which could enhance the economic viability of the Skaergaard project. The S-K 1300 compliance is a critical step for Greenland Mines as it aligns with U.S. reporting standards, potentially attracting more investors. The ongoing field program aims to gather data necessary for a future Initial Assessment, which will be crucial for determining the project's feasibility.
To view the full press release, visit https://ibn.fm/qqEBp.
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland, and Biotech, including 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 about Greenland Mines, visit their newsroom at https://ibn.fm/GRML.
