Greenland Mines (NASDAQ: GRML) has announced the completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland. The survey, which covered more area than originally planned, has produced high-resolution seabed data across the fjords surrounding the project. This data has already been utilized to guide the company's support vessel to a new anchorage within 500 meters of the initial 2026 operational area, and is expected to support new official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations.
The completion of the bathymetric survey is a critical step for the project, as it provides essential information for safe marine access and infrastructure development. The data will be instrumental in ensuring that future operations, including the transport of equipment and materials, can be conducted efficiently and safely. This is particularly important given the remote and challenging environment of southeast Greenland.
In addition to the survey, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample. The company has now transitioned to NQ-size core drilling for resource definition and geotechnical work through the remainder of the season. A new core shack for logging, sampling, and storage is fully operational, further supporting the ongoing field program.
The 2026 field program at Skaergaard encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. These activities are all part of the company's broader strategy to advance the project toward an Initial Assessment. The completion of the bathymetric survey and the progress in drilling are significant milestones that will inform the assessment and contribute to the overall understanding of the project's potential.
The Skaergaard Project is a key asset for Greenland Mines, which operates with two divisions: Mining and Biotech. The Mining division focuses on the exploration and development of the Skaergaard Project, as well as the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland, subject to closing of a previously announced transaction. The Biotech division includes 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 successful completion of the bathymetric survey and the ongoing drill program underscore the company's commitment to advancing the Skaergaard Project. The high-resolution seabed data will not only support immediate operational needs but also provide a foundation for long-term infrastructure planning. As the company continues its 2026 field program, these developments are expected to play a crucial role in de-risking the project and moving it closer to development.
For more information on Greenland Mines and its projects, visit the company's newsroom at https://ibn.fm/GRML.
