Greenland Mines (NASDAQ: GRML) announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland. The updated resource estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. The estimate is intended to support an updated preliminary economic assessment and future development studies.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning and metallurgical support, including optimization studies evaluating open-pit, underground and hybrid development scenarios. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project.
The Sarfartoq project is distinguished by a strong neodymium-praseodymium component, making it strategically relevant to Western rare earth supply chains. Neodymium and praseodymium are critical inputs for permanent magnets used in electric vehicles, wind turbines and other clean energy technologies. As global demand for rare earth magnets grows, the project's advancement could help reduce dependence on Chinese supply.
Greenland Mines views the updated resource estimate as a key milestone in advancing Sarfartoq. The company's strategy centers 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 details, the full press release is available at https://ibn.fm/eIurP. Updates regarding Greenland Mines can be found in the company's newsroom at https://ibn.fm/GRML.
Forward-looking statements in this article involve risks and uncertainties, including those detailed in the company's SEC filings. Undue reliance should not be placed on forward-looking statements.
