Greenland Mines Ltd. (NASDAQ: GRML) has completed its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, covering more area than originally planned and producing high-resolution seabed data across the fjords surrounding the project. The data has already been used to guide the company support vessel to a new anchorage within 500 meters of the initial 2026 operational area and is expected to support new official navigational charts, a dedicated navigational safety study and planning for future large-scale marine shipping operations.
The completion of the survey marks a significant step in the company's preparation for the 2026 field season. By mapping the seabed with high resolution, Greenland Mines is not only improving immediate operational logistics but also laying the groundwork for long-term infrastructure development. This is particularly important given the project's remote location in southeast Greenland, where marine access is crucial. The data will also contribute to a navigational safety study, which is essential for ensuring safe passage for vessels that will be involved in future mining and transport activities.
In addition to the survey, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample. The company has now transitioned to NQ-size core drilling for resource definition and geotechnical work through the remainder of the season. This transition indicates that the company is advancing from the initial bulk sampling phase to more detailed resource assessment, which is a critical step toward defining the economic viability of the project.
A new core shack for logging, sampling and storage is fully operational, supporting the ongoing drilling activities. This infrastructure is vital for managing the core samples and ensuring that data is accurately recorded and preserved. The work forms part of a broader 2026 field program at Skaergaard encompassing resource definition drilling, metallurgical bulk sampling, environmental baseline studies and infrastructure planning as the company advances the project toward an Initial Assessment.
The Skaergaard Project is a key asset for Greenland Mines, which is focused on the exploration and development of this project in southeast Greenland. 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.
The completion of the bathymetric survey and the progress in drilling are significant milestones that demonstrate the company's commitment to advancing the Skaergaard Project. The high-resolution seabed data will not only improve operational safety but also facilitate planning for future marine operations, which are essential for the project's development. The transition to NQ-size core drilling indicates that the company is moving toward a more detailed understanding of the resource, which is necessary for the Initial Assessment.
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About Greenland Mines Ltd.: Greenland Mines is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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 the latest news and updates relating to GRML, visit the company’s newsroom at https://ibn.fm/GRML.
