Greenland Mines (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program will include approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material and supporting geotechnical studies for potential future open-pit development scenarios.
Greenland Mines said the integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering’s Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work being conducted with GTK Mintec to support future economic evaluations of the Skaergaard project.
This announcement comes as Greenland Mines continues to advance its multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities. The company’s strategy is centered on building a broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. For more details, the full press release can be accessed here.
The Skaergaard project is a key asset for Greenland Mines, which also operates a biotech division focused on KLTO‑202 for ALS. The company is listed on Nasdaq and is subject to forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, including those set forth under "Risk Factors" in the company's most recent Annual Report on Form 10-K and other SEC filings.
Investors are advised not to place undue reliance on forward-looking statements, which are based on information available as of the date of this release. Greenland Mines undertakes no duty to update this information unless required by law. For the latest news and updates on GRML, visit the company’s newsroom here.
