Greenland Mines Ltd

Greenland Mines Ltd announced the successful completion of its more than two-month 2026 field program at the Skaergaard Project in southeast Greenland, a campaign the company describes as one of the largest and most comprehensive modern multidisciplinary efforts undertaken at the site. The program completed 4,480 meters of diamond drilling across 17 holes, including the first large-diameter HQ core ever recovered at Skaergaard, and extracted more than 105 tons of bulk material from mapped and channel-sampled gold and palladium-platinum mineralized horizons, an unprecedented scale-up from the two approximately 800-kilogram historical mini-bulk samples. The company's July 2026 S-K 1300 Mineral Resource Estimate reported 15.00 million ounces PdEq in Indicated Mineral Resources and 17.49 million ounces PdEq in Inferred Mineral Resources, covering only approximately one-quarter to one-third of the intrusion hosting the defined precious-metal horizons. Greenland Mines said potential vanadium-bearing titanomagnetite, iron and gallium value streams are being evaluated alongside the palladium-platinum-gold flowsheet, with gallium occurring throughout Skaergaard's mineralized horizons, though no economic credit is currently assigned to these potential by-products. The campaign also delivered the first integrated mining-oriented geotechnical, structural, LiDAR, high-resolution aeromagnetic, ground-penetrating radar and environmental baseline programs across priority development areas, with the data intended to advance Skaergaard toward metallurgical flowsheet development, mine planning and an Initial Assessment, the S-K 1300 equivalent of a Preliminary Economic Assessment.

Greenland Mines Ltd announced that its common shares are now listed and trading on the Frankfurt Stock Exchange under the symbol HK6, complementing its principal Nasdaq listing. No new shares are being issued in connection with the Frankfurt listing, which the company said provides European investors with an additional venue to access its shares. President Bo Møller Stensgaard said Frankfurt is a natural next step for a company building a transatlantic critical-minerals company, adding that Nasdaq gives a strong U.S. platform while Frankfurt expands reach directly into Europe. The listing also complements Greenland Mines' membership in the European Raw Materials Alliance and advances its North Atlantic Critical Metals Corridor strategy, which is intended to connect Greenland's mineral resources with allied capital, infrastructure, processing pathways and industrial demand across North America and Europe. The company is advancing Sarfartoq, its Southwest Greenland rare-earth project focused on neodymium and praseodymium, and Skaergaard, its East Greenland gold, palladium, platinum and critical-metals project.

President Trump announced that the United States, Denmark and Greenland have reached a security agreement barring US adversaries from making sensitive investments in Greenland without express written approval, a move that pulls the global rare earth supply race northward. According to reporting by CNBC, the broader provisions would prohibit sensitive investments by non-allied nations in Greenland's critical minerals and mining sectors, and the governments of Denmark and Greenland said they expect to sign the agreement this week during the UN General Assembly, though it still requires ratification by the Danish and Greenlandic parliaments. The global rare earth elements market was estimated at $3.95 billion in 2024 and is projected to reach $6.28 billion by 2030, an 8.6% compound annual growth rate from 2025 to 2030, according to Grand View Research, while Mordor Intelligence sizes the market at 208.02 kilotons in 2026 and expects 273.30 kilotons by 2031, a 5.61% compound annual growth rate. US-listed companies with Greenland exposure rallied sharply on Monday, with the largest percentage moves concentrated in the smallest names, though the full legal text has not been released and nothing announced so far grants any company a permit, an offtake or funding. Greenland Mines Ltd. announced it has applied to the Government of Greenland for a new license covering approximately 262 km² east of its existing Sarfartoq license, MEL 2020-32, which if granted would grow its Sarfartoq footprint from about 192 km² to about 454 km², and the company's ST1 deposit carries an S-K 1300 Mineral Resource Estimate of 6.9 million tons Indicated at 1.60% TREO and 5.3 million tons Inferred at 0.96% TREO, with a high-case pre-tax NPV of approximately $2.05 billion.

The United States struck a deal with Denmark granting it permanent control over security in Greenland, sending shares of mining companies with operations there sharply higher in pre-market trading. Greenland Energy Company and Greenland Mines each rose 100% pre-market, while Critical Metals gained 30%. President Trump announced over the weekend that the agreement with the Greenlandic and Danish governments would allow US security forces to establish a more permanent presence, which he described as lasting forever. The deal appears to close a chapter of uncertainty for businesses that followed earlier headlines about Trump wanting to acquire Greenland as the 51st state. Greenland Energy is seeking to drill off the eastern shore for what it says is 13 billion barrels of oil, which would be the biggest find in 50 years, though analysts cautioned that these are early-stage bets and that a greenfield mine in Greenland takes longer than the 10-year US average to reach commercial production because of ice and remote conditions.

Greenland Mines has departed Reykjavik for the Skaergaard project in southeast Greenland, launching its 2026 field season with a team of more than 40 experts and a comprehensive program of drilling, bulk sampling, geophysical surveys, and environmental and engineering work. The support vessel Argus is carrying drill rigs, bulk-sampling machinery, drone survey equipment, and environmental monitoring gear, and will serve as the primary offshore logistics and accommodation hub. A dedicated advance survey vessel, MS Byr, is already on-site acquiring seabed and coastal mapping data to identify an optimal anchoring location. The program is designed to support resource upgrading, metallurgical test work, environmental baseline studies, and geotechnical data collection to advance Skaergaard toward its next phase of development, including evaluation of a potential initial open-pit mining scenario. Greenland Mines holds an 80% interest in the project and an option to acquire the remaining 20%.

SRX Global has made a strategic investment in Greenland Mines, a Nasdaq-listed critical and precious minerals development company advancing a portfolio of strategic assets in Greenland. Greenland Mines is focused 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. SRX Global is an AI-driven platform that invests in high-conviction operating companies and assets, leveraging proprietary technology and data analytics. The financial terms of the investment were not disclosed.

Greenland Mines has engaged Tetra Tech and GeoSim to prepare an updated mineral resource estimate for the Sarfartoq neodymium-praseodymium rare earth magnet project in southwest Greenland, targeting completion this summer. The S-K 1300 compliant estimate will integrate historic NI 43-101 resource work from 2011 and 2012 with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025, and is expected to form the basis for an updated preliminary economic assessment. GeoSim's Ronald G. Simpson, who served as qualified person on the historic estimates and 2011 PEA, will lead the resource estimation, while Tetra Tech provides engineering, mine planning, and metallurgical support. The company has also reappointed WSP Denmark to continue environmental baseline data collection, and is in active dialogue with Greenland authorities to transfer the exploration licenses. Greenland Mines views Sarfartoq as a central part of a broader multi-asset strategy, with the project's Nd-Pr content representing approximately 25 to 40 percent of the total rare earth oxide basket, which the company believes is one of the higher ratios reported globally.