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, featuring an updated 2026 Mineral Resource Estimate effective July 3, 2026. The estimate increased indicated contained palladium equivalent (“PdEq”) metal by 31% to 15.0 million ounces, boosted indicated grade by 36% to 3.04 g/t PdEq and raised inferred contained PdEq metal by 24% to 17.49 million ounces compared with the project’s 2022 resource estimate.
The company said the upgraded resource reflects improved geological modeling and updated metal price assumptions, including gold at $3,500 per ounce, while providing the regulatory foundation to advance toward an Initial Assessment under S-K 1300. 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.
This development is significant for Greenland Mines as it strengthens the project's economic viability and de-risks the asset for potential development. The Skaergaard project is one of the largest undeveloped palladium resources globally, and the resource upgrade could attract strategic partnerships or financing. The use of S-K 1300 standards, which align with SEC requirements, enhances credibility with U.S. investors and regulators.
For more details, visit the full press release at https://ibn.fm/qqEBp. The company also maintains a newsroom for updates at https://ibn.fm/GRML.
