Greenland Mines Ltd (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 large, layered mafic intrusion known for its platinum group metals (PGMs) and gold mineralization. By advancing resource categories and collecting metallurgical samples, the company aims to de-risk the project and provide data for a preliminary economic assessment or feasibility study.
This announcement is significant as it marks a key step towards development of the Skaergaard project, which could become a source of critical minerals such as platinum, palladium, and gold. The use of helicopter-supported drilling underscores the logistical challenges of operating in Greenland's remote environment, and the selection of an experienced Arctic driller like Nordisk Fundering enhances confidence in the program's execution.
For more details, the full press release is available at https://ibn.fm/9uyEs.
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: mining and biotech. Its mining division focuses on the exploration and development of the Skaergaard project and the Sarfartoq rare earths project. 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.
Investors can stay updated with the latest news and updates relating to GRML at the company's newsroom: https://ibn.fm/GRML.
