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 increased indicated contained palladium equivalent (“PdEq”) metal by 31% to 15.0 million ounces and boosted indicated grade by 36% to 3.04 g/t PdEq. Inferred contained PdEq metal also rose by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. This estimate provides the regulatory foundation required to advance toward an Initial Assessment under S-K 1300. The company noted that its 2026 field program is already 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.
This development is significant because it demonstrates substantial growth in the project's resource base, which could enhance its economic viability and attract further investment. The S-K 1300 compliance also aligns Greenland Mines with U.S. reporting standards, potentially broadening its investor base. For more details, 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 a 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 centers 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 updated resource estimate is a crucial step for Greenland Mines as it seeks to de-risk the Skaergaard project and move toward feasibility studies. The inclusion of higher gold price assumptions reflects current market conditions and could improve project economics. Investors can find the latest news and updates relating to GRML in the company’s newsroom at https://ibn.fm/GRML.
