Greenland Mines Hits Regulatory Milestone for Skaergaard Project

The report, prepared by independent consultant SLR Consulting (Canada) Ltd., provides the legal foundation necessary to advance the project toward an Initial Assessment—the first stage in attaching formal economics to a deposit. Alongside the 31% gain in indicated contained metal, the project’s indicated grade rose 36% to 3.04 g/t PdEq. These figures, measured against a 2022 baseline, reflect a combination of refined geological modeling and updated metal price assumptions, including a gold price set at US$3,500 per ounce.

While the headline numbers suggest significant growth, the classification remains at the resource level, meaning the project has yet to demonstrate economic viability. The company is currently executing a 2026 field program that includes bulk sampling, geotechnical work, and drilling to evaluate both open-pit and underground mining potential. These efforts are critical to determining whether the deposit can support a viable operation, particularly as the company navigates the logistical challenges of the region. Greenland Mines continues to balance this precious metals development with a separate biotechnology program, a strategy that remains distinct from the operational paths of established industry peers like Impala Platinum or Ivanhoe Mines.