Greenland Mines (NASDAQ: GRML) announced on Friday that it has engaged Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth project in southwest Greenland. The update is expected to be substantially completed this summer and will incorporate historical NI 43-101 resource work along with drilling and technical studies conducted by Neo Performance Materials between 2023 and 2025.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier 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. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project.
The Sarfartoq project is distinguished by a strong Nd-Pr component, making it strategically relevant to Western rare earth supply chains, which are heavily dependent on China. Neodymium and praseodymium are critical elements used in permanent magnets for electric vehicles, wind turbines, and other clean energy technologies. The updated resource estimate is intended to support an updated preliminary economic assessment and future development studies, advancing the project toward potential production.
Greenland Mines operates with two divisions: mining, focused on the Skaergaard and Sarfartoq projects in 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, while advancing its broader North Atlantic Critical Metals Corridor vision.
The full press release is available at https://ibn.fm/eIurP. For more updates on Greenland Mines, visit the company’s newsroom at https://ibn.fm/GRML.
