Greenland Mines Ltd (NASDAQ: GRML) has announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland. The updated resource estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. The estimate is intended to support an updated preliminary economic assessment and future development studies, marking a significant step forward for the project.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning and metallurgical support, including optimization studies evaluating open-pit, underground and hybrid development scenarios. The engagement of these reputable firms underscores the company's commitment to advancing the Sarfartoq project, which is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains.
Greenland Mines has also reappointed WSP Danmark A/S to continue environmental baseline work at the project. This comprehensive approach, integrating technical studies and environmental assessments, positions Sarfartoq as a key asset in the company's portfolio. The project's focus on neodymium and praseodymium, critical minerals used in permanent magnets for electric vehicles and wind turbines, aligns with global efforts to diversify rare earth supply chains away from dominant Chinese sources.
For more details, the full press release is available at https://ibn.fm/eIurP. Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: Mining, focused on the Skaergaard Project and the Sarfartoq rare earths project, 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. The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
