Greenland Mines Ltd. (NASDAQ: GRML) has completed its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, covering more area than originally planned and producing high-resolution seabed data across the fjords surrounding the project. The survey data has already been used to guide the company’s support vessel to a new anchorage within 500 meters of the initial 2026 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 significant step in the company’s broader 2026 field program at Skaergaard, which includes resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The company also reported that it has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample and has 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.
This progress is critical as Greenland Mines advances the Skaergaard Project toward an Initial Assessment. The project is part of the company’s strategy to build 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.
The Skaergaard Project is one of the most significant undeveloped mineral deposits in Greenland, and the completion of the bathymetric survey enhances the company’s understanding of the marine environment, which is essential for safe and efficient operations in the remote and challenging Arctic conditions. The high-resolution seabed data will not only improve navigational safety but also support the planning of large-scale shipping operations, which are crucial for the future export of any mineral products.
Greenland Mines is a Nasdaq-listed company with two operating 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 progress at Skaergaard is being closely watched by investors and industry observers as it could have significant implications for the global supply of critical minerals, particularly rare earth elements that are essential for modern technologies.
The announcement also highlights the company’s commitment to environmental responsibility, as the survey data will support environmental baseline studies and infrastructure planning. The completion of the drill core for metallurgical bulk sampling is another milestone, providing material for testing that will inform the project’s feasibility.
For more information on the full press release, visit https://ibn.fm/vk7G8. To stay updated on the latest news and updates relating to GRML, visit the company’s newsroom at https://ibn.fm/GRML.
