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 includes 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.
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. For the full press release, visit https://ibn.fm/9uyEs.
This contract marks a significant step forward for Greenland Mines as it seeks to develop the Skaergaard project, which contains both precious metals like gold and critical metals such as platinum group elements. The project is part of the company’s broader North Atlantic Critical Metals Corridor vision, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. The move comes amid increasing global demand for critical minerals used in clean energy technologies, defense, and electronics.
The Skaergaard project is one of Greenland’s most advanced mineral assets, and the drilling program is intended to upgrade resource categories from inferred to indicated and measured, which is crucial for feasibility studies. The metallurgical work with GTK Mintec aims to optimize processing methods, potentially enhancing the project’s economics. Greenland Mines also has a biotech division, including Klotho’s KLTO‑202 primary indication for ALS, but the company’s mining division remains a key focus.
Investors should note that forward-looking statements in the announcement involve risks, including those detailed in the company’s SEC filings. The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML. Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: Mining, focused on the Skaergaard Project and the Sarfartoq rare earths project in southwest Greenland, and Biotech, including Klotho’s ALS treatment. The company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and midstream processing opportunities.
The drilling contract underscores Greenland Mines’ commitment to advancing its critical metals projects amid a global push for supply chain security. The Skaergaard project could become a significant source of metals essential for electric vehicles, wind turbines, and other green technologies, positioning the company to benefit from the energy transition.
