Greenland Mines (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 shows a 31% increase in indicated contained palladium equivalent (PdEq) metal to 15.0 million ounces, a 36% boost in indicated grade to 3.04 g/t PdEq, and a 24% increase in inferred contained PdEq metal to 17.49 million ounces compared with the project's 2022 resource estimate.
The company said the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce, while providing the regulatory foundation to advance toward an Initial Assessment under S-K 1300. This milestone is critical for Greenland Mines as it seeks to de-risk the Skaergaard project and attract potential partners or financing. The updated estimate underscores the project's potential as a significant source of palladium, platinum, gold, and other metals, which are essential for various industrial applications, including automotive catalytic converters and electronics.
Greenland Mines also noted that its 2026 field program is 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. The company is advancing its broader North Atlantic Critical Metals Corridor vision, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. The Skaergaard project is a key asset in this strategy, and the updated resource estimate strengthens its position.
For more details, the full press release is available at https://ibn.fm/qqEBp. The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML.
