Greenland Mines Ltd. (NASDAQ: GRML) announced the start of its 2026 field season at the Skaergaard Project, as its support vessel Argus departed Reykjavik, Iceland, for southeast Greenland. The vessel carries drill rigs, geophysical equipment, drone survey systems, bulk-sampling machinery, fuel, and other exploration infrastructure, signaling a comprehensive effort to advance the project.
The initial field team includes more than 40 technical experts, drillers, and logistics personnel, with additional specialists scheduled to rotate in throughout the season. The program encompasses resource drilling, bulk sampling, environmental baseline studies, geotechnical and engineering work, and advanced aerial and ground-based surveys. These activities are designed to support a resource upgrade and advance the project toward its next development phase, including evaluation of a potential initial open-pit mining scenario alongside existing underground mining concepts.
This launch is a pivotal moment for Greenland Mines as it seeks to progress the Skaergaard Project, which is one of the world’s largest undeveloped palladium and platinum deposits. The comprehensive field program underscores the company’s commitment to advancing the project’s feasibility and moving closer to production.
The Skaergaard Project is central to Greenland Mines’ strategy of building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities. The company is also advancing its broader North Atlantic Critical Metals Corridor vision, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
Greenland Mines operates with two 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 forward-looking approach aims to secure critical minerals supply chains, particularly for rare earth elements essential for modern technologies. By advancing the Skaergaard Project, Greenland Mines could contribute to diversifying sources of these strategic minerals, reducing dependence on dominant producers.
Investors and industry observers will closely watch the outcomes of this field season, as successful results could significantly enhance the project’s value and support Greenland Mines’ long-term growth prospects. The company’s progress at Skaergaard will also be a key indicator of its ability to execute on its ambitious development plans.
For more information on Greenland Mines and its projects, visit the company’s newsroom at https://ibn.fm/GRML.
