Greenland Mines (NASDAQ: GRML) has completed its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, exceeding planned coverage and yielding high-resolution seabed data across the fjords surrounding the project. The survey data has already guided the company's support vessel to a new anchorage within 500 meters of the initial 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. This milestone is crucial for the project's infrastructure development, as it provides essential data for safe and efficient marine access, a key component for any large-scale mining operation in Greenland's remote environment.
In addition to the survey, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample and has transitioned to NQ-size core drilling for resource definition and geotechnical work for the remainder of the season. A new core shack for logging, sampling, and storage is now fully operational, enhancing the company's on-site capabilities. These activities are part of a broader 2026 field program at Skaergaard that includes resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning as the company advances the project toward an Initial Assessment.
The completion of the bathymetric survey and the progress in drilling are significant steps for Greenland Mines as it continues to develop the Skaergaard Project, which is one of the world's largest undeveloped palladium and platinum deposits. The project is also prospective for gold and other metals. The data collected will not only support immediate operational needs but will also be instrumental in the preparation of environmental impact assessments and the design of marine logistics, both of which are critical for obtaining necessary permits and for the eventual development of the project.
Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: Mining, focused on the exploration and development of the Skaergaard Project 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 successful completion of the survey and continued drilling progress underscore Greenland Mines' commitment to advancing the Skaergaard Project in a systematic and sustainable manner. The company is focused on generating the necessary data to support a robust Initial Assessment and to demonstrate the project's viability. As the company moves forward, it expects to provide updates on its progress and the results of its ongoing studies.
For more information on Greenland Mines and its projects, visit the company's newsroom at https://ibn.fm/GRML.
