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Company completes 104.8-ton bulk-sampling program at Skaergaard; advances geological mapping and environmental baseline studies at Sarfartoq
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CHARLOTTE, N.C., Sept. 11, 2026 (GLOBE NEWSWIRE) — via IBN – Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”) today provided an update on the progress of its 2026 field programs at the Skaergaard palladium-platinum-gold project in East Greenland and the Sarfartoq rare earth element project in West Greenland.
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Bo Møller Stensgaard, President of Greenland Mines, commented:
“Our teams have delivered an outstanding field season at both projects. At Skaergaard, we set out to collect representative bulk material from three key horizons and ended up completing seven bulk-sample sites, giving GTK Mintec and our other metallurgical consultants substantially more material and more variability data than originally planned.
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“At Sarfartoq, only weeks after closing the acquisition and announcing an Initial Assessment that demonstrated a high-case pre-tax net present value of approximately US$2.05 billion and a pre-tax internal rate of return of 118.6%, we already have boots on the ground running both structural mapping and the second year of environmental baseline studies.
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“This is exactly the kind of execution and pace we committed to our shareholders, and it positions both projects well ahead of their next technical milestones.”
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Skaergaard: Bulk-Sampling Program Completed, Exceeding Plan
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Greenland Mines has completed its 2026 bulk-sample blasting program at Skaergaard, collecting a total of 104.8 tons of mineralized and host material from seven sites — more sites than originally planned for the season. All bulk samples were weighed in the field while being sling-loaded by helicopter to a central lay-down area, with final confirmed weights to follow in the next phase of test work.
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The program’s three major bulk-sample sites, yielding approximately 30.4, 28.3 and 30.6 tons of material, were located at the toe area in front of Forbindelsesgletscher, on the eastern shore of Uttentaldal Sund. These sites targeted, respectively, the modelled Palladium-Platinum-dominated mineralized Horizon 0, the Gold-dominated mineralized Horizon 3, and the interstitial vanadium-bearing titanomagnetite (VTM) horizons within the Skaergaard gabbro sequence.
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Horizon 0 and Horizon 3 form part of the resource-defining horizon framework established for the Skaergaard Mineral Resource Estimate, with Horizon 0 hosting the Company’s palladium-dominant “floor” mineralization and Horizon 3 hosting more gold-enriched material higher in the sequence. The VTM horizons occur as laterally continuous, oxide-bearing intervals interlayered with the precious-metal horizons, reflecting the intrusion’s distinctive combination of a fine-grained, alloy-hosted precious metals system overlying a coarser-grained iron-titanium-vanadium oxide system.