Greenland Mines Ltd (NASDAQ: GRML) has taken a significant step toward advancing its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth project in southwest Greenland by engaging Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated mineral resource estimate. The estimate, expected to be substantially completed this summer, will comply with SEC S-K 1300 standards and incorporate historical NI 43-101 resource work along with drilling and technical studies conducted by Neo Performance Materials between 2023 and 2025.
The resource update is intended to support an updated preliminary economic assessment (PEA) and future development studies. GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning, and metallurgical support, including optimization studies evaluating open-pit, underground, and hybrid development scenarios.
In addition to the resource estimate work, Greenland Mines has reappointed WSP Danmark A/S to continue environmental baseline work at the project. The company believes Sarfartoq is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains. The updated resource estimate is a critical step toward advancing the project, which is part of Greenland Mines' broader strategy to build a multi-asset platform with exposure to rare earth magnet materials and precious metals.
As noted in the press release, the company is advancing its North Atlantic Critical Metals Corridor vision, linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. Greenland Mines operates two divisions: Mining, focused on the Skaergaard Project and the Sarfartoq rare earths project; and Biotech, including Klotho’s KLTO-202 primary indication for ALS.
For more details, the full press release is available at https://ibn.fm/eIurP. Updates and news regarding GRML can be found in the company’s newsroom at https://ibn.fm/GRML.
