Greenland Mines (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program will include approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material and supporting geotechnical studies for potential future open-pit development scenarios.
Greenland Mines said the integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering's Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work being conducted with GTK Mintec to support future economic evaluations of the Skaergaard project.
The Skaergaard project is a key asset for Greenland Mines, which aims to become a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities. The company's broader North Atlantic Critical Metals Corridor vision links Greenland resources with allied downstream jurisdictions and industrial infrastructure. The 2026 drilling program is a critical step in advancing the project towards potential development.
For more details, the full press release is available at https://ibn.fm/9uyEs. The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML.
Forward-looking statements in this article involve risks and uncertainties. These statements are subject to various factors beyond management's control, as detailed in the company's SEC filings. Undue reliance should not be placed on forward-looking statements, and the company undertakes no duty to update them unless required by law.
