Greenland Mines Ltd (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program will include approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material and supporting geotechnical studies for potential future open-pit development scenarios.
Greenland Mines said the integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering’s Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work being conducted with GTK Mintec to support future economic evaluations of the Skaergaard project.
This announcement is significant as it marks a concrete step toward advancing the Skaergaard project, one of the world’s largest undeveloped palladium and platinum resources, which also contains gold and critical metals. The drilling program is designed to upgrade resource categories and provide data for feasibility studies, potentially de-risking the project and attracting further investment. The contract award to an experienced Arctic drilling contractor also underscores Greenland Mines’ commitment to developing the project in a challenging environment.
The Skaergaard project is part of Greenland Mines’ broader strategy to build a multi-asset platform with exposure to rare earth magnet materials, precious metals and midstream processing opportunities. The company is also pursuing the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland, subject to closing of a previously announced transaction. This aligns with the growing demand for critical minerals used in clean energy technologies and defense applications.
Investors can view the full press release at https://ibn.fm/9uyEs. For more information about Greenland Mines, visit the company’s newsroom at https://ibn.fm/GRML.
