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 and a 36% boost in indicated grade to 3.04 g/t PdEq. Inferred contained PdEq metal also rose by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company attributed the upgraded resource to improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce. The new estimate provides a regulatory foundation to advance toward an Initial Assessment under S-K 1300, a key step for project development. 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 Skaergaard project is a significant palladium, platinum, gold and copper deposit located in southeast Greenland. The updated resource underscores the project's potential as a major source of critical and precious metals. For the mining industry, the increase in both grade and contained ounces enhances the project's economic viability and could attract further investment. The use of the S-K 1300 standard aligns with SEC requirements, providing greater transparency and credibility for investors.
This development is particularly relevant given the growing demand for palladium and platinum in automotive catalytic converters and other industrial applications. The improved resource estimate positions Greenland Mines to potentially supply these metals from a politically stable jurisdiction outside of traditional producing regions. The company’s broader North Atlantic Critical Metals Corridor vision aims to link Greenland resources with allied downstream jurisdictions and industrial infrastructure.
For the full press release, visit https://ibn.fm/qqEBp. The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
Forward-looking statements in this article involve risks and uncertainties as described in the company’s filings with the SEC.
