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 will include 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.
This announcement marks a significant step forward for the Skaergaard project, which is one of the world’s largest undeveloped palladium and platinum resources, also containing gold and critical minerals. With the drilling contract in place, Greenland Mines aims to de-risk the project and move closer to a production decision. The company is also advancing its broader 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, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland; and Biotech, including Klotho’s KLTO‑202 primary indication for ALS. The company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities.
The full press release is available at https://ibn.fm/9uyEs. For the latest news and updates relating to GRML, visit the company’s newsroom at https://ibn.fm/GRML.
This announcement highlights Greenland Mines’ commitment to advancing its Greenland-based critical metals projects, which are strategically important for supplying materials needed for clean energy technologies and defense applications. The successful execution of the 2026 drilling program could significantly enhance the project’s economic viability and attract further investment.
