Greenland Mines (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 updated 2026 Mineral Resource Estimate, effective July 3, 2026, shows a 31% increase in indicated contained palladium equivalent ("PdEq") metal to 15.0 million ounces, a 36% boost in indicated grade to 3.04 g/t PdEq, and a 24% increase in inferred contained PdEq metal to 17.49 million ounces compared with the project's 2022 resource estimate.
The company attributed the upgraded resource to improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. This milestone 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 full press release is available at 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, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) 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.
The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML. This announcement is significant as it demonstrates substantial resource growth at Skaergaard, potentially enhancing the project's economic viability and Greenland Mines' position in the critical metals sector. The updated estimate, compliant with SEC S-K 1300 standards, strengthens the company's regulatory footing for future development studies.
