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 instrumental in guiding the company's support vessel to a new anchorage within 500 meters of the initial 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 marks a critical milestone in the company's infrastructure planning for the Skaergaard Project. By obtaining detailed seabed data, Greenland Mines is better positioned to assess the feasibility of marine logistics, which is essential for the project's remote location. The survey data will also contribute to environmental baseline studies, ensuring that the company can operate responsibly while minimizing its ecological footprint.
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 enhancing the efficiency of the on-site operations. These activities are part of a broader 2026 field program at Skaergaard that encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning.
The progress at Skaergaard is a significant step toward the company's goal of advancing the project to an Initial Assessment. The data and samples collected will provide crucial information for evaluating the project's economic viability and for making informed decisions about future development. The completion of the bathymetric survey and the ongoing drilling program demonstrate Greenland Mines' commitment to thorough exploration and responsible development.
Greenland Mines operates with two divisions: Mining, focused on the exploration and development of the Skaergaard Project and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (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.
For more information on the full press release, visit https://ibn.fm/vk7G8. The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML.
