Greenland Mines Ltd. (NASDAQ: GRML) has released an independent Initial Assessment (IA) for its Sarfartoq Nd-Pr Rare Earth Element Project in southwest Greenland, revealing a high-case pre-tax net present value (NPV) of up to approximately $2.05 billion at an 8% real discount rate, with an internal rate of return (IRR) of 118.6%, including Indicated and Inferred Mineral Resources. When Inferred resources are excluded, the high-case pre-tax NPV is estimated at $1.49 billion with an IRR of 92.7%.
The assessment outlines a nine-year mine life, processing 12.2 million tons at a rate of 1.4 million tons annually. At 2025 consumption levels, the planned Sarfartoq NdPr oxide production would represent approximately 34% of NdPr oxide refined outside China during each scheduled operating year, underscoring the project's strategic importance in diversifying the global rare earth supply chain.
The IA is based on the ST1 deposit, which occupies less than 1% of the company's 191-square-kilometer exploration license. Greenland Mines noted that five other known rare earth occurrences within the license remain largely untested, and the company plans additional exploration beginning in September 2026. The company also expects to conduct targeted infill drilling, pilot-scale metallurgical test work, mine engineering planning, and continued environmental and social baseline studies as it advances Sarfartoq toward a Pre-Feasibility Study.
Greenland Mines is a Nasdaq-listed company with two operating divisions: Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and the Sarfartoq Nd-Pr 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, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
The release of this Initial Assessment is a significant milestone for Greenland Mines and the Western critical minerals sector. With global demand for rare earth elements rising, particularly for neodymium and praseodymium used in permanent magnets for electric vehicles and wind turbines, the Sarfartoq project could play a crucial role in reducing dependence on Chinese supply. The company's focus on Western-aligned development aligns with broader geopolitical efforts to secure critical mineral supply chains.
Investors and industry stakeholders will be watching as Greenland Mines advances the project toward a Pre-Feasibility Study, with further exploration and development activities expected to provide more detailed insights into the project's economic viability and strategic value.
For more information, visit the full press release at https://ibn.fm/7uEG4 and the company's newsroom at https://ibn.fm/GRML.
