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, which shows a significant increase in resource size and grade compared to the project's 2022 estimate.
According to the company, the updated 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. The upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. The S-K 1300 compliance provides 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. The company is Nasdaq-listed with two operating divisions: Mining, focused on the exploration and development of the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium rare earths project in southwest 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, visit the full press release here.
