US Market News
19時間前
Greenland Mines Completes Site Visit to Sarfartoq Nd-Pr Rare Earth Magnet Project in Greenland; Prepares 2026 Field ProgramJune 4, 2026 8:30 AM
PR Newswire (US) CHARLOTTE, N.C., June 4, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) today announced that its Greenland operations team has completed an inaugural site visit to the Sarfartoq neodymium-praseodymium ("Nd-Pr") rare earths project in southwest Greenland. On May 20, 2026, the Company signed a definitive agreement to acquire Neo North Star Resources, Inc., owner of the Sarfartoq Project, from its stockholders including Neo Performance Materials ("Neo").Sarfartoq is a cornerstone asset within the Company's North Atlantic critical minerals portfolio and the on-site camp and drill rigs support plans for near-term geological and environmental work.Site visit overviewOn May 28, 2026, Country Manager Hans Jensen and Permitting and Community Manager Robert Møller inspected the ST1 Nd-Pr ore zone within exploration license MEL 2020-32 and assessed several of the other ST targets – with particular emphasis on ST40 and the approximately 2.5-kilometre corridor between ST1 and ST40. The team also reviewed existing infrastructure including two diamond drill rigs stored at site and the fully equipped Sarfartoq camp.The drill rigs, camp facilities and field-support infrastructure are in excellent condition and well suited to supporting new exploration and project development campaigns. The existing camp is designed to accommodate approximately 25–30 personnel and provides full support facilities for geological, drilling and environmental work across the Sarfartoq license area.2026 field intentions and technical workGreenland Mines intends to re-open the Sarfartoq camp later in 2026 to support geological mapping, data verification and planning for future drilling, as well as the second year of environmental baseline studies with a view to submitting all relevant documentation for an Exploitation License. Work planning is underway, and the Company expects that having a well-maintained camp and on-site drill rigs will allow field activities to ramp up efficiently once final programs and approvals are in place.Neo North Star Resources completed an infill drill program on the ST1 Nd-Pr ore body in 2023, together with geophysical and geochemical surveys. A total of approximately 4,607 meters of core was drilled at ST1 during that program, in addition to the more than 18,000 meters of historic drilling previously completed at ST1 and other targets on the property. In total, 161 drill holes totaling roughly 35,800 meters have been drilled across the Sarfartoq property.These more recent data have only been used in internal studies by Neo and have not yet been publicly disclosed. Greenland Mines intends to have the 2023 drilling and associated datasets validated and interpreted by an independent geological consultancy as a priority step toward updating the Mineral Resource for ST1.In addition to supporting an updated Mineral Resource Estimate for ST1, Greenland Mines believes the 2023 drilling and associated technical work will help further define the growing geometry of mineralization and improve understanding of value drivers not reflected in the historic 2011 Preliminary Economic Assessment ("PEA"). These may include the potential role of niobium as a future by-product and the additional contribution of certain higher-value heavy rare earth elements, including terbium and dysprosium1, to the project's basket value, which were not explicitly considered in the historic 2011 PEA.The Company is currently initiating a plan to update the PEA, incorporating a new Mineral Resource Estimate as well as current rare earth market prices.The Company believes that the newer data will assist in evaluating development concepts beyond the historic ST1-only case, including how mineralization in the broader ST1-ST40 trend would influence future resource growth, mine planning and project optimization.In the Company's view, an updated Mineral Resource and a modernized PEA will form a strong technical foundation for advancing the Sarfartoq Nd-Pr rare earths project through its next phase of development. The Company believes that process could materially reset market understanding of Sarfartoq's scale, quality and future production potential.Strategic rationale and executionLanding a site team at Sarfartoq within a couple weeks of announcing the acquisition agreement highlights both the strength of the Company's in-country platform in Greenland and the benefits of inheriting a well-organized project from Neo. During the visit, the Greenland Mines team also overflew and inspected several locations previously identified in earlier studies as potential sites for future infrastructure associated with a possible mining scenario, providing valuable context for upcoming technical and permitting work.Greenland Mines believes Sarfartoq stands out within Greenland's rare earth landscape because it combines strong Nd-Pr enrichment with more than 15 years of substantial technical work, historic economic studies, conventional rare earth mineralogy that underpins producing operations elsewhere, favorable logistics and a development profile that the Company believes may be comparatively straightforward relative to many other rare earth projects. This positioning is further strengthened by Neo's continued commitment to Sarfartoq as both an offtake partner and a shareholder.Greenland Mines also believes that newer drilling and technical work may support a stronger and more valuable future development case than is reflected in the historic public studies, subject to independent validation and future disclosure.Comment from Country Manager Hans JensenHans Jensen, Country Manager for Greenland Mines, commented:"Seeing Sarfartoq on the ground so soon after signing the acquisition agreement was both impressive and motivating. The ST1 and ST40 zones and the corridor between them show exactly the kind of scale and continuity we want to be working on, and the existing camp, drill rigs and logistics setup are some of the most well-organized field assets I have seen in Greenland. That gives us real confidence that we can get "boots on the ground" quickly and move the Project forward without losing seasons.""We want to acknowledge Neo North Star Resources and Neo Performance Materials for the quality of the work and infrastructure they have established at Sarfartoq. Their ongoing role as a strategic offtake partner and shareholder means this is not just a project hand-off; it is a continuation of a long-term collaboration that links a Greenlandic source of Nd-Pr-rich material with proven mid- and downstream rare earth processing and magnet production capability. Just as importantly, the more recent drilling appears to have added meaningful technical momentum to the Project, and we believe that, once independently validated, those data may support a stronger and more valuable development case than is captured in the historic 2011 PEA study."License transfer and closingAs part of the ongoing transaction, the application for transfer of the Sarfartoq exploration license has been submitted to the Government of Greenland, and the license transfer process has been initiated.Closing of the acquisition remains subject to customary closing conditions, including approval from the Government of Greenland under Section 69 of the Greenland Mineral Activities Act for the indirect transfer of the mineral rights licenses, as well as certain other regulatory and third-party consents. Greenland Mines and Neo have agreed to use commercially reasonable efforts to obtain all necessary approvals as promptly as practicable.About the Sarfartoq Nd-Pr Rare Earths ProjectSarfortoq is an advanced carbonatite-hosted rare earths project located in the Qeqqata region of southwest Greenland, approximately 60 km from the international airport at Kangerlussuaq and close to sheltered deep-fjord tidewater and prospective hydropower resources. The Project is strongly enriched in neodymium and praseodymium – the key rare earth elements used in high-performance permanent magnets for electric vehicles, wind turbines, defense systems and other high-efficiency motors and generators. Historic work includes a NI 43-101 Mineral Resource Estimate at the ST1 zone, a Preliminary Economic Assessment completed in 2011, extensive drilling, metallurgical test work and environmental baseline studies.The license package also includes the Nukittooq niobium-tantalum project and prospective phosphorus mineralization, adding further critical minerals optionality within the broader carbonatite system.About Greenland Mines LtdGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq rare earths project in southwest Greenland; and (2) Biotech, including Klotho's KLTO-202 primary indication for ALS. Through its recent acquisition of Greenland Mines Corp., the Company holds the Skaergaard Project, which hosts an NI 43-101 (November 2022) Mineral Resource of 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. The Company is led by an experienced team of mining, geological, biotech and capital markets professionals.Forward-Looking StatementsThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include statements regarding (i) the scope, timing and objectives of environmental work at the Sarfartoq Project, including the anticipated second year of environmental baseline studies; (ii) the potential role of such baseline work in supporting any future environmental assessment, permitting and project-planning activities; (iii) the Company's expectations and plans with respect to the advancement of the Sarfartoq Project; and (iv) the Company's broader strategy and activities in Greenland.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, risks and uncertainties related to: the Company's ability to successfully plan and execute environmental baseline work at Sarfartoq as currently envisioned; weather, logistical, operational or other constraints affecting field programs; changes in applicable laws, regulations or guidelines in Greenland or elsewhere; the timing, outcome and requirements of governmental and regulatory processes, including any future EIA and permitting processes; the Company's ability to obtain necessary approvals and third-party consents; the Company's ability to successfully complete the previously announced acquisition of Sarfartoq; the Company's ability to implement its broader business plans, identify and realize additional opportunities, and meet or exceed its financial or operational projections; and other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time.Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.Investor Contact and Corporate Communications:
ir@greenlandmines.comWebsite:
www.greenlandmines.com__________________________1 As of Q2 2026, heavy rare earth benchmark prices are on the order of US$800–900/kg for terbium oxide (Tb4O7) and approximately US$180–210/kg for dysprosium oxide (Dy2O3), based on China Tungsten Industry Association (CTIA) published China-domestic oxide prices and Fastmarkets' cip global Tb and Dy oxide assessments (contracts MB-TB-0004 and MB-DY-0005). View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-mines-completes-site-visit-to-sarfartoq-nd-pr-rare-earth-magnet-project-in-greenland-prepares-2026-field-program-302790745.htmlSOURCE Greenland Mines Ltd Original: Greenland Mines Completes Site Visit to Sarfartoq Nd-Pr Rare Earth Magnet Project in Greenland; Prepares 2026 Field Program
ProfitScout
3日前
$GRML News: Greenland Mines Appoints WSP Denmark to Continue Environmental Baseline Work at the Sarfartoq Rare Earth Project
CHARLOTTE, N.C., June 2, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) today announced that it has engaged WSP Denmark to continue environmental work at the Sarfartoq rare earth project (the "Project") in southwest Greenland as the Project moves into its next phase of environmental baseline studies.
The program is expected to include the second year of environmental baseline studies for Sarfartoq as the Company advances the Project and continues preparatory work ahead of a future Environmental Impact Assessment ("EIA").
WSP Denmark previously completed the first year of updated environmental baseline work at Sarfartoq in 2023 for Neo North Star Resources, Inc., including terrestrial, freshwater, marine and fisheries sampling, water-flow monitoring and general ecological surveys conducted under Greenland's mineral-sector EIA guidelines. Continuing that work in 2026 is intended to build a more complete multi-year dataset on existing environmental conditions in and around the Project area.
Bo Møller Stensgaard, President of Greenland Mines, commented:
"We are very pleased to continue working with WSP Denmark at Sarfartoq. The same experienced team that is currently supporting environmental work at Skaergaard in East Greenland also carried out the first year of environmental baseline studies at Sarfartoq in 2023, so there is strong project familiarity and continuity. In our view, commencing the second year of baseline studies is an important milestone for Sarfartoq and will form a key part of the environmental foundation for the Project as it advances."
The 2026 environmental field program at Sarfartoq is expected to focus on follow-up baseline work and monitoring activities that build directly on the 2023 campaign, including additional sampling and data collection across key environmental receptors.
Multi-year baseline investigations are commonly required in Greenland to capture natural variability prior to any potential development, and Greenland Mines believes that completion of a second year of baseline field studies will provide important support for future environmental assessment, permitting and project-planning activities at Sarfartoq.
WSP Denmark is also currently engaged by Greenland Mines on environmental work related to the Company's Skaergaard Project in southeast Greenland. Greenland Mines believes that using the same environmental consulting group across both Greenland projects supports consistency in execution, field protocols and knowledge transfer as the Company advances its broader critical minerals portfolio.
Further updates on Sarfartoq field activities and related technical work are expected to follow in due course.
About the Sarfartoq Rare Earth Project
Sarfartoq is an advanced carbonatite-hosted rare earth project in southwest Greenland focused on neodymium and praseodymium ("Nd-Pr"), the key rare earth elements used in high-performance permanent magnets for electric vehicles, wind turbines, defense systems and other high-efficiency motors and generators. Historic work at Sarfartoq includes a mineral resource estimate at the ST1 zone, a Preliminary Economic Assessment completed in 2011, extensive drilling, metallurgical test work and environmental baseline studies.
About Greenland Mines Ltd
Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq rare earth project in southwest Greenland; and (2) Biotech, including Klotho's KLTO-202 primary indication for ALS. Through its recent acquisition of Greenland Mines Corp., the Company holds the Skaergaard Project, which hosts an NI 43-101 (November 2022) Mineral Resource of 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. The Company is led by an experienced team of mining, geological, biotech and capital markets professionals.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include statements regarding (i) the scope, timing and objectives of environmental work at the Sarfartoq Project, including the anticipated second year of environmental baseline studies; (ii) the potential role of such baseline work in supporting any future environmental assessment, permitting and project-planning activities; (iii) the Company's expectations and plans with respect to the advancement of the Sarfartoq Project; and (iv) the Company's broader strategy and activities in Greenland.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, risks and uncertainties related to: the Company's ability to successfully plan and execute environmental baseline work at Sarfartoq as currently envisioned; weather, logistical, operational or other constraints affecting field programs; changes in applicable laws, regulations or guidelines in Greenland or elsewhere; the timing, outcome and requirements of governmental and regulatory processes, including any future EIA and permitting processes; the Company's ability to obtain necessary approvals and third-party consents; the Company's ability to successfully complete the previously announced acquisition of Sarfartoq; the Company's ability to implement its broader business plans, identify and realize additional opportunities, and meet or exceed its financial or operational projections; and other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time.
Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Investor Contact and Corporate Communications:
ir@greenlandmines.com
Website:
http://www.greenlandmines.com
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SOURCE Greenland Mines Ltd
US Market News
7日前
Inside The North Atlantic Critical Minerals Push: A $68 Billion Greenland Deposit Lands At The EU Raw Materials SummitMay 29, 2026 9:22 AM
PR Newswire (US) Issued on behalf of Greenland Mines Ltd.With palladium prices up materially year-over-year and Western governments mobilizing capital and policy around critical-minerals supply security, one of the largest undeveloped PGM-gold deposits on the planet is moving from technical study to active project advancement.Equity Insider News CommentaryCHARLOTTE, N.C., May 29, 2026 /PRNewswire/ -- The Western critical-minerals capital cycle has shifted into a higher gear. Bank of America Global Research raised its 2026 platinum forecast to $2,450/oz and palladium to $1,725/oz earlier this year. The U.S. Department of Commerce has estimated a dumping margin of approximately 828% on unworked Russian palladium imports. The World Platinum Investment Council reports that the platinum market entered its third consecutive year of structural deficit. Inside that landscape, Greenland Mines Ltd. (NASDAQ: GRML), NioCorp Developments Ltd. (NASDAQ: NB), MP Materials Corp. (NYSE: MP), Critical Metals Corp. (NASDAQ: CRML), and USA Rare Earth, Inc. (NASDAQ: USAR) collectively represent the spectrum of Western-aligned developers and producers building the alternative supply chain for the metals critical to U.S. and European defense, energy, and industrial systems. Greenland Mines Ltd. (NASDAQ: GRML) is moving its flagship Skaergaard PGM-Gold-Platinum-Critical Metals Project from technical study into active 2026 program execution. On May 19, 2026, the Company announced that President Bo Møller Stensgaard, Ph.D., participated in the EIT RawMaterials Summit 2026 in Brussels — one of Europe's leading public-private forums for the raw materials sector — held May 19–21, 2026. Dr. Stensgaard was invited to participate in the May 20 roundtable discussion under the Summit session titled 'Mined Once – Utilised in Full: Towards Resource Efficient Mining', hosted by GTK Mintec, the mineral processing and circular-economy pilot plant of the Geological Survey of Finland.The Skaergaard Project hosts a disclosed NI 43-101 Mineral Resource (effective November 22, 2022, prepared by SLR Consulting (Canada) Ltd.) comprising 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent in combined Indicated and Inferred categories, with a gross undiscounted in-situ metal value of approximately $68 billion at February 2026 metal prices, calculated on an illustrative basis and before any technical or economic factors. On May 7, 2026, an independent metal-price sensitivity analysis — completed by SLR Consulting using the same geologic and technical inputs — indicated 16.58 Moz PdEq Indicated and 21.92 Moz PdEq Inferred at high-price sensitivity case grades, representing a 45–55% PdEq grade uplift relative to the 2022 base-case grades. These figures are sensitivity scenarios on the existing 2022 Mineral Resource model, not a new Mineral Resource or Mineral Reserve estimate.Greenland Mines is also preparing a large multi-technical 2026 field campaign encompassing resource expansion drilling, geotechnical characterization, environmental baseline work, and the collection of a 30–50 tonne bulk sample for processing flowsheet development. GTK Mintec has been engaged under a framework agreement to conduct an integrated mineralogical, metallurgical, hydrometallurgical, and pilot-scale processing program at GTK's facilities in Outokumpu, Finland. Earlier in the month, on May 13–14, the Company presented at CMI Summit 5 — The New Critical Minerals Economy, hosted by the Critical Minerals Institute at The National Club in Toronto, with Dr. Stensgaard delivering a presentation titled From Resource to Corridor: Developing the Skaergaard PGM-Au-V-Ga-Fe-Ti Project in East Greenland for the New Critical Minerals Economy.Skaergaard is located in Southeast Greenland and ranks among the large undeveloped palladium-gold deposits on earth by gold-equivalent value, and screens ahead of projects such as Wafi-Golpu (Papua New Guinea), Golden Summit (Alaska), and Snowfield (BC, Canada) on that metric. The deposit hosts 17.15 million ounces of palladium — equivalent to 13 to 15 years of total U.S. palladium consumption in a single deposit, located in a Western-aligned jurisdiction less than 1,600 kilometers from the U.S. The 2026 work program will also begin evaluating open-pit and bulk-mining scenarios alongside the existing underground-constrained resource model — a second, mine-method-based lever on project economics. Historical work indicates potential by-product optionality in vanadium, gallium, iron, and titanium within the same host sequence as the primary PGM-Au mineralization.Greenland Mines holds an 80% interest in, and an option to acquire the remaining 20% of, the Skaergaard Project, through its recent acquisition of Greenland Mines Corp. The Company is also positioning within Europe's North Atlantic critical-minerals corridor concept, which contemplates Iceland as a potential downstream processing platform given available industrial infrastructure, renewable energy access, and proximity to European and North American markets. With over $100 million in historical investment in technical and exploration work, an active 2026 field campaign in preparation, and Brussels-level European policy visibility, GRML is positioning Skaergaard as a credible Western-aligned alternative to PGM dependence on Russia and South Africa. For more company information, visit Equity Insider.In other industry developments and happenings in the market include:NioCorp Developments Ltd. (NASDAQ: NB) is advancing its Elk Creek Critical Minerals Project in Nebraska — positioned as the only North American project with the combined niobium, scandium, and titanium combination. On April 9, 2026, NioCorp announced a non-binding agreement with Traxys North America LLC outlining a long-term marketing and offtake arrangement for NioCorp's remaining planned critical minerals products from Elk Creek. Subject to definitive contract execution, NioCorp would be positioned to sell its planned critical minerals products for the first 10 years of operation, following project financing and commencement of commercial production.Elk Creek mine portal construction commenced in Q1 2026 at an estimated cost of approximately $44.6 million. The Company has raised more than $500 million in gross capital across 2025–2026 and is advancing a U.S. Export-Import Bank debt financing application for approximately $780 million to support project construction. Niobium offtake at Elk Creek is approximately 75% under definitive agreements, and the Company is producing initial commercial volumes from its scandium production stream. With four critical minerals slated for production — niobium, scandium, titanium, and rare earth elements — Elk Creek represents one of the more diversified North American critical-mineral development assets.MP Materials Corp. (NYSE: MP) reported Q1 2026 results on May 7, 2026, with record NdPr oxide production of 917 metric tons (up 63% year-over-year) and record NdPr oxide sales of 1,006 metric tons (more than double Q1 2025). Total revenue reached $90.6 million, and Adjusted EBITDA swung to a positive $36.6 million from negative $2.7 million in Q1 2025. The Company also produced just under 13,000 metric tons of rare earth oxide concentrate — its highest first-quarter output ever.Founder, Chairman and CEO James Litinsky framed the quarter as advancing key growth initiatives — expanding operations at the Independence magnet facility in Fort Worth, breaking ground on the 10X plant in Northlake, Texas, and commissioning heavy rare earth (terbium and dysprosium) separation at Mountain Pass. The Company's Magnetics segment generated $21.1 million in revenue in Q1 (+306% YoY), supported by a multi-year Apple partnership valued at up to $500 million, a Department of Defense $400 million preferred stock investment, and a 10-year DoD price-floor agreement. MP Materials closed the quarter with $1.7 billion in cash and short-term investments — among the strongest balance sheets in Western rare earth.Critical Metals Corp. (NASDAQ: CRML) on May 21, 2026 announced the execution of a definitive 15-year binding offtake agreement with REalloys Inc. (NASDAQ: ALOY) for rare earth element concentrate from its flagship Tanbreez Project in Southern Greenland — one of the largest and most significant heavy rare earth deposits globally. The agreement formalizes and significantly expands the parties' October 2025 Letter of Intent. Under the offtake, REalloys will purchase 15% of Tanbreez's annual production, with prioritization for concentrates rich in dysprosium and terbium — the heavy rare earth elements most critical to NdFeB permanent magnets used in defense, electric vehicle, and wind energy applications.The offtake follows the Government of Greenland's April 17, 2026 approval of Critical Metals' ownership increase to 92.5% of the Tanbreez Project — a decisive milestone that consolidates operational control of the asset. Critical Metals is also advancing construction of an Arctic-grade, multi-use storage and pilot-plant facility in Qaqortoq, Greenland, scheduled for use on or before May 2026. The strategic positioning of two world-class rare-earth and PGM-gold deposits — Tanbreez in Southern Greenland and Skaergaard in Southeast Greenland — inside the same Western-aligned jurisdiction reinforces the broader North Atlantic critical-minerals corridor thesis.USA Rare Earth, Inc. (NASDAQ: USAR) commissioned Phase 1a of commercial NdFeB magnet production at its Stillwater, Oklahoma facility in March 2026, targeting an initial 600-metric-ton annual run rate by the end of 2026 and Phase 1b at 1,200 metric tons by Q1 2027. Customer deliveries are expected in Q2 2026. The Stillwater build-out positions USA Rare Earth alongside MP Materials' Independence facility in Fort Worth as one of two U.S.-based commercial rare-earth magnet manufacturing platforms now in active commissioning.USA Rare Earth's commercial trajectory is complemented by the recent emergence of REalloys Inc. (NASDAQ: ALOY) with a $200 million EXIM Bank letter of intent and a Department of Defense contract worth up to $1.7 million for facility design — a parallel commercial scale-up addressing the same downstream rare-earth-to-magnet conversion bottleneck. Non-Chinese rare earth prices have surged: NdPr at $110–120/kg (versus $55/kg in July 2025), and heavy rare earths like dysprosium at $1,250/kg outside China (versus $250/kg inside) — a pricing disparity that reflects the Western supply premium emerging across the entire critical minerals complex.Across the comparable set, the message from the past month of capital deployment, offtake execution, and government policy is consistent: the Western critical-minerals supply chain is being repriced in real time — and the upstream resource layer is where the asymmetry of the trade lives. Greenland Mines' Skaergaard Project — with its 25.4 Moz PdEq + 23.5 Moz AuEq resource base, 45–55% high-price grade uplift, GTK Mintec metallurgical engagement, EIT RawMaterials Summit visibility, and North Atlantic corridor positioning — sits squarely inside that repricing. For investors building exposure to the PGM, palladium, and Western critical-metals capital cycle, GRML deserves a closer look.CONTINUED… Read this and more news for Greenland Mines at: https://equity-insider.com/grml-landingArticle Source: https://equity-insider.com/grml-profile/CONTACT:Equity Insider
info @therooster-2873Article Sources:https://www.prnewswire.com/news-releases/greenland-mines-brings-skaergaard-to-eit-rawmaterials-summit-2026-in-brussels-302775547.htmlhttps://www.theglobeandmail.com/investing/markets/markets-news/GlobeNewswire/1779877/greenland-mines-nasdaq-grml-reports-45-55-pdeq-grade-uplift-in-metal-price-sensitivity-at-skaergaard-while-western-critical-minerals-push-hits-inflection-point/https://www.niocorp.com/niocorp-reaches-non-binding-agreement-with-traxys-north-america-for-potential-purchase-of-all-of-niocorps-remaining-planned-products/https://www.stocktitan.net/news/MP/mp-materials-reports-first-quarter-2026-fcyx13xgo250.htmlhttps://www.stocktitan.net/news/CRML/crml-executes-a-15-year-binding-definitive-off-take-agreement-for-q0j3tann8ybf.htmlhttps://usare.com/news/DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by Equity Insider on behalf of Market IQ Media Group Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Ltd. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of Greenland Mines Ltd. but reserves the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines Ltd. by CDMG. Cautionary Note Regarding Forward-Looking Statements: The Skaergaard Project NI 43-101 Mineral Resource is dated November 22, 2022 and was prepared by SLR Consulting (Canada) Ltd. The metal-price sensitivity analysis described herein applied alternative metal-price assumptions to the existing geologic and technical inputs of the 2022 model without changing those underlying inputs. Mineral resources that are not mineral reserves do not have demonstrated economic viability. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Issued on behalf of Greenland Mines Ltd. by Equity Insider / Market IQ Media Group, Inc.Logo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/inside-the-north-atlantic-critical-minerals-push-a-68-billion-greenland-deposit-lands-at-the-eu-raw-materials-summit-302785688.htmlSOURCE Equity Insider Original: Inside The North Atlantic Critical Minerals Push: A $68 Billion Greenland Deposit Lands At The EU Raw Materials Summit
US Market News
2週前
Why a $35 Million Greenland Rare Earth Deal Just Put One Small-Cap on Every Investor's RadarMay 21, 2026 11:21 AM
PR Newswire (US) Issued on behalf of Greenland Mines Ltd.A Toronto-listed industry leader is handing the keys to one of Greenland's most strategically valuable rare earth projects to a new Nasdaq-listed developer — and staying on as a partner.NEW YORK, May 21, 2026 /PRNewswire/ -- USA NEWS GROUP News Commentary — The rare earth sector just got a fresh jolt of momentum. Rare earth elements — the 17 metals that power EV motors, wind turbines, fighter jets, robots, and just about every advanced electronic device — have become one of the most fought-over commodities on the planet. According to S&P Global, the supply of rare earths remains one of the least diversified among all critical minerals, with China still controlling roughly 61% of global mining and 91% of global refining capacity. [1] That dependence has become a problem for Western governments and manufacturers. Industry analysts at S&P Global expect rare earth supply outside of China to remain tight through 2026 and 2027, especially for the heavy rare earths used in the strongest magnets. [1] This is the backdrop against which a significant Greenland rare earth deal just landed.A Strategic Shift in GreenlandOn May 21, 2026, Neo Performance Materials Inc. (TSX: NEO) (OTCQX: NOPMF) — a Toronto-based maker of rare earth magnets and advanced materials — announced that its subsidiary, together with the other shareholders, have entered into an agreement to transfer the outstanding shares of Neo North Star Resources, Inc. (NNSR) to Greenland Mines Ltd. (NASDAQ: GRML). NNSR holds the exploration license for the Sarfartoq Carbonatite Complex in southwest Greenland — a project rich in neodymium and praseodymium, the two most important rare earths for permanent magnets. [2]The total consideration is US$35 million, made up of US$20 million in cash and US$15 million in shares of Greenland Mines. Neo's wholly-owned subsidiary Neo North Star Holdings Inc. ("NNSH"), together with the other NNSR shareholders, have entered into the agreement to transfer their shares to Greenland Mines. NNSH currently owns 43.69% of NNSR. Just as importantly, Neo is staying involved: it keeps an equity stake in Greenland Mines, and the existing MOU for an offtake agreement covering up to 60% of the ore or mineral concentrate from the Sarfartoq project is unaffected by the transaction. [2]A leading rare earth magnet maker just chose Greenland Mines to take the lead on advancing one of its most strategic upstream assets — and is still planning to be a customer."We wish Greenland Mines every success as they advance this project, while we maintain our commitment as an offtake partner and shareholder," said Rahim Suleman, President and CEO of Neo, in the company's release. "This agreement reflects our disciplined approach to capital allocation." [2]Why Sarfartoq Stands OutSarfartoq is not a brand-new exploration story. Neo originally bought the project from Hudson Resources in 2023 for US$3.5 million, with closing subject to Government of Greenland approval. [3]What makes Sarfartoq attractive is the mix of rare earths in the rock. According to Neo's disclosures, the project hosts a mineral deposit with a high concentration of neodymium and praseodymium — together making up roughly 25% to 40% of total rare earth oxides on the property. [3] These two elements are the main ingredients in the powerful magnets used inside EV motors, wind turbines, and high-efficiency industrial drives.Location is another advantage. Sarfartoq sits about 60 kilometers from the international airport in Kangerlussuaq, has tidewater and major port access, and is close to one of the best hydroelectric power sources in Greenland. [3] That infrastructure access is rare — most undeveloped rare earth projects sit in remote regions with no roads, no power, and no port.Why This Matters for Greenland Mines InvestorsGreenland Mines is a Nasdaq-listed critical minerals developer that came together earlier in 2026 when Klotho Neurosciences (formerly Nasdaq: KLTO) acquired Greenland Mines Corp. and rebranded the combined company. The result is a unique structure with two divisions: a Natural Resources arm focused on Greenland projects, and a Cell and Gene Therapy arm that retained the KLTO-202 ALS program. [4]Until now, the company's flagship asset was the Skaergaard Project in Southeast Greenland — one of the world's largest undeveloped palladium-gold-platinum deposits, with an NI 43-101 Mineral Resource carrying a gross undiscounted in-situ metal value of roughly US$68 billion at February 2026 metal prices, calculated on an illustrative basis and before any technical or economic factors. [4]The Sarfartoq deal adds a second world-class project on the other side of the same country. Greenland Mines is going from a single-asset developer to a multi-asset critical minerals platform covering both precious metals (palladium, gold, platinum) and rare earths (neodymium, praseodymium) in a stable Western-aligned jurisdiction.And the partnership with Neo is the kind of validation that small-cap mineral developer rarely get. Neo is an established, revenue-generating, TSX-listed advanced materials company that posted Q1 2026 revenue of about US$155 million and adjusted EBITDA of US$36.2 million. [5] Having that kind of partner on the cap table — and as a future customer — is a powerful signal for the market.Four Companies Riding the Same TailwindGreenland Mines is far from alone in trying to build a Western alternative to China's grip on rare earths. Here are four other companies investors are watching as money flows back into this space.1. MP Materials Corp. (NYSE: MP)MP Materials owns the only operating rare earth mine in the United States — the Mountain Pass mine in California. The facility produces refined neodymium-praseodymium oxide and is now expanding downstream into rare earth magnets at its Independence facility in Fort Worth, Texas. [6]MP has become a market leader thanks to government backing. The U.S. Department of Defense has taken a ~15% equity stake, secured a 10-year price floor of US$110/kg on MP's neodymium-praseodymium oxide, and signed a 10-year magnet offtake agreement. [6] Analysts expect MP to begin magnet sales from its Texas facility in the second half of 2026, transitioning from a concentrate seller to a finished-magnet manufacturer — a much higher-margin business.2. Critical Metals Corp. (NASDAQ: CRML)Critical Metals operates in Greenland too. In April 2026, the company closed its acquisition of the remaining 50.5% interest in Tanbreez, bringing its total ownership of the southern Greenland rare earth project to 92.5%. [7] Tanbreez is one of the world's largest known deposits of heavy rare earth elements, which includes dysprosium, terbium, and yttrium — the elements with the biggest supply premiums right now.In March 2026, the company's board approved a US$30 million acceleration program to fast-track development, targeting first ore production by late 2028 or early 2029. [8] For investors comparing Greenland-focused rare earth plays, CRML is the most direct geographic comparable to Greenland Mines.3. Aclara Resources Inc. (TSX: ARA)Aclara is taking a different angle on the rare earth opportunity. The company has ionic-clay rare earth projects in Brazil and Chile, and in October 2025 announced plans for a US$277 million heavy rare earth separation facility in Louisiana. [9] Aclara, which is majority-owned by the Hochschild Group, says the Louisiana plant could supply more than three-quarters of U.S. dysprosium and terbium demand by 2028.4. Mkango Resources Ltd. (AIM: MKA) (OTC: MKNGF)Mkango is advancing the Songwe Hill rare earth project in Malawi and is also building rare earth separation and recycling capacity in the United Kingdom and Poland. Its dual upstream-downstream strategy aims to deliver European-processed rare earth oxides to Western magnet makers — a strategy that lines up with what Neo Performance Materials is doing in Estonia.The Bottom LineThe rare earth investment thesis has not been this strong in years. China still dominates the supply chain. Demand from EVs, wind turbines, defense systems, and AI data centers is climbing. Western governments are putting serious money behind anyone building a domestic alternative.Against that backdrop, Greenland Mines Ltd. (NASDAQ: GRML) just landed one of the most strategic rare earth deals in the small-cap space — with a credible TSX-listed partner that is also a future customer, on a project with infrastructure access most peers can only dream about, in a Western-aligned jurisdiction. For investors looking for rare earth supply chain exposure without buying the largest, most expensive names, this is the kind of catalyst that can put a small-cap on the institutional radar fast.For more information on Greenland Mines Ltd., visit: https://usanewsgroup.com/grml-landingContact
USA News Group
info @therooster-2873Sources:[1] https://www.spglobal.com/energy/en/news-research/latest-news/metals/012726-rare-earth-supply-bottlenecks-set-to-persist-in-2026[2] https://www.neomaterials.com/[3] https://www.newswire.ca/news-releases/neo-performance-materials-and-hudson-resources-advance-the-greenland-sarfartoq-rare-earth-project-after-receiving-government-approval-for-license-transfer-869897272.html[4] https://www.sec.gov/Archives/edgar/data/0001907223/000121390026056356/ea029073801ex99-1.htm[5] https://www.streetwisereports.com/article/2026/05/13/rare-earth-co-delivers-high-growth-q1-financial-surge.html[6] https://www.fool.com/investing/2026/05/12/the-best-rare-earth-stock-to-buy-and-hold-for-the/[7] https://www.sec.gov/Archives/edgar/data/0001951089/000121390026050961/ea028876501ex99-1.htm[8] https://www.criticalmetalscorp.com/critical-metals-corp-accelerates-the-development-of-the-tanbreez-project-with-an-immediate-30-million-strategic-program-to-advance-one-of-the-worlds-largest-ree-deposits-towards-production/[9] https://www.mining.com/aclara-jumps-on-us-rare-earth-plant-plan/DISCLAIMER / DISCLOSURE:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed for World Street Intelligence on behalf of Creative Direct Marketing Group ("CDMG") by Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has been paid a fee for Greenland Mines, Inc. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of Greenland Mines, Inc. but reserves the right to buy and sell, and will buy and sell shares of Greenland Mines, Inc. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines, Inc. by CDMG.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.CAUTIONARY NOTE REGARDING MINERAL RESOURCES:The Mineral Resource Estimates referenced in this article were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this publication include that demand for platinum group metals and critical minerals will continue to grow and tighten; that Greenland Mines Ltd's Skaergaard Project will advance through its planned technical, metallurgical, and environmental work programs as described; that the Company's engagements with SLR Consulting, GTK Mintec, and WSP will proceed as planned; that the Iceland LOI will progress toward a binding agreement with the cost and savings characteristics described; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; permitting risks; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; metal price volatility; the inherent uncertainty of mineral resource estimates; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Logo: https://mma.prnewswire.com/media/2838876/5907682/USA_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/why-a-35-million-greenland-rare-earth-deal-just-put-one-small-cap-on-every-investors-radar-302777575.htmlSOURCE USA News Group Original: Why a $35 Million Greenland Rare Earth Deal Just Put One Small-Cap on Every Investor's Radar
US Market News
2週前
Nasdaq-Listed Critical Minerals Developer Lands Game-Changing Greenland Rare Earth DealMay 21, 2026 9:15 AM
PR Newswire (US) Issued on behalf of Greenland Mines Ltd.Companies mentioned: Greenland Mines Ltd. (NASDAQ: GRML), Neo Performance Materials Inc. (TSX: NEO; OTCQX: NOPMF), USA Rare Earth Inc. (NASDAQ: USAR), Ucore Rare Metals Inc. (TSXV: UCU; OTCQX: UURAF), Lynas Rare Earths Ltd. (ASX: LYC), American Rare Earths Limited (ASX: ARR; OTCQX: ARRNF)AMERICAN NEWS GROUP News CommentaryNEW YORK, May 21, 2026 /PRNewswire/ -- If you're a retail investor trying to find an entry point into the rare earth boom, this deal is one worth paying attention to. Key TakeawaysGreenland Mines Ltd. (NASDAQ: GRML) just secured one of the most strategically located rare earth projects in the Western world through a US$35 million agreement with Neo Performance Materials.The Sarfartoq Carbonatite Complex in southwest Greenland is rich in neodymium and praseodymium — the two rare earths most needed for permanent magnets used in EVs, wind turbines, and defense systems.Neo Performance Materials is staying on as a long-term partner, keeping an equity stake in Greenland Mines and the right to purchase up to 60% of the project's future output.Greenland Mines now has two world-class projects: the Skaergaard palladium-gold-platinum deposit and the Sarfartoq rare earth project — both in stable, Western-aligned Greenland.China still controls roughly 61% of global rare earth mining and 91% of refining, making Western-jurisdiction projects like Sarfartoq strategically important for governments and manufacturers alike.
The Deal in Plain EnglishGreenland Mines Ltd. (NASDAQ: GRML) just signed an agreement to take over the Sarfartoq rare earth project in southwest Greenland from Neo Performance Materials Inc. (TSX: NEO; OTCQX: NOPMF). The price tag is US$35 million — US$20 million in cash, and US$15 million in Greenland Mines stock. [1]Here is what makes this stand out for retail investors:Neo Performance Materials is not exiting the project. They are keeping an equity stake in Greenland Mines and the right to buy up to 60% of the ore that comes out of Sarfartoq under an existing offtake arrangement. [1]That means Neo, a real revenue-generating company that just reported Q1 2026 revenue of about US$155 million, is essentially saying it wants Greenland Mines to advance this project — and plans to be the main customer. [2]For a small-cap developer, this is the kind of validation that most companies spend years trying to get.Why the Sarfartoq Project Is a Big DealRare earth projects are not all created equal. Sarfartoq has three things going for it that retail investors should understand.1. The Right MineralsSarfartoq is rich in neodymium and praseodymium, which together make up roughly 25% to 40% of the total rare earth oxides on the property. [3] These two elements are the workhorses of the rare earth magnet industry. They are what makes electric vehicle motors small, light, and powerful. They are also what makes wind turbine generators efficient enough to compete with traditional power sources.2. The Right LocationMost undeveloped rare earth projects are in the middle of nowhere. Sarfartoq is different. It is located about 60 kilometers from an international airport, has access to tidewater and a major port facility, and is close to some of the best hydroelectric power potential in Greenland. [3] That kind of infrastructure access can knock years off a project's development timeline.3. The Right JurisdictionGreenland is a Western-aligned territory of the Kingdom of Denmark. The Government of Greenland has made critical minerals a priority for economic development. The transfer of the NNSR shares is subject to government approval under the Greenland Mineral Activities Act, but Greenland has already approved a similar transfer for this same project in 2023. [3] That historical track record matters.The Bigger Picture: Why Rare Earths Are Hot AgainChina still controls roughly 61% of the world's rare earth mining and 91% of refining capacity, according to the International Energy Agency. [4] In 2025, Beijing introduced two waves of export controls on rare earths. Some of those controls were temporarily suspended in November 2025 after a U.S.-China trade truce, but the licensing system for seven key elements remains in place. [4]The result is that prices for heavy rare earths outside of China have climbed, and Western governments are pouring money into building alternative supply chains. The U.S. Department of Defense has already committed more than US$439 million to domestic rare earth projects, and Canada, Europe, and Australia are doing the same. [5]Four Other Names Riding the Same WaveGreenland Mines is one of several public companies positioning to feed the Western rare earth supply chain. For retail investors building a watchlist, here are four others to know.USA Rare Earth Inc. (NASDAQ: USAR)USA Rare Earth is building a domestic mine-to-magnet supply chain in the United States. The company is developing the Round Top project in Texas, which hosts heavy rare earths needed for high-performance magnets, and runs a magnet manufacturing facility in Stillwater, Oklahoma. [6] In April 2026, USA Rare Earth announced an agreement to acquire Serra Verde, the owner of the only scaled rare earth mine outside of Asia producing all four magnetic rare earths — a transaction with an implied equity value of roughly US$2.8 billion. [7]Ucore Rare Metals Inc. (TSXV: UCU; OTCQX: UURAF)Ucore is a smaller-cap Canadian company that is building a Strategic Metals Complex in Alexandria, Louisiana, using its own RapidSX rare earth separation technology. The first phase is targeting about 2,000 tonnes per year of separated rare earth oxides by 2026, with later phases scaling up significantly. [8] The U.S. Department of Defense has been backing Ucore's separation technology, making the company one of the more closely watched processing plays in the sector.Lynas Rare Earths Ltd. (ASX: LYC)Lynas is the largest rare earth producer outside of China and has been operating profitably for years. The company mines rare earths at Mt Weld in Western Australia and processes them at facilities in Malaysia, with new processing capacity coming online in the United States. Lynas serves as a benchmark for what a fully built-out, Western-aligned rare earth supply chain looks like — and a reminder of how much room there is for new entrants given how dominant China remains.American Rare Earths Limited (ASX: ARR; OTCQX: ARRNF)American Rare Earths is advancing the Halleck Creek project in Wyoming, which the company describes as one of the largest rare earth deposits in North America. With U.S. defense procurement rules increasingly excluding Chinese material, projects like Halleck Creek are positioned to benefit directly from federal funding programs and offtake support.What This Means for the Average InvestorMost retail investors will never get the chance to invest at the ground floor of a true critical minerals deal. The big rare earth producers — Lynas, MP Materials — already trade at multi-billion-dollar valuations. The earlier-stage developers offer more upside but come with more risk.What sets Greenland Mines Ltd. (NASDAQ: GRML) apart in this group is the combination of a Nasdaq listing, a partnership with a real revenue-generating company (Neo), a project in a stable Western jurisdiction, and now two world-class assets in Greenland.For investors who already missed the big run-ups in MP Materials and USA Rare Earth, deals like this one are exactly the kind of catalyst worth tracking. Always do your own research, understand the risks, and never invest more than you can afford to lose.For more information on Greenland Mines Ltd., visit: https://usanewsgroup.com/grml-landingContact:
American News Group
info @therooster-2873Sources:[1] https://www.neomaterials.com/[2] https://www.streetwisereports.com/article/2026/05/13/rare-earth-co-delivers-high-growth-q1-financial-surge.html[3] https://www.newswire.ca/news-releases/neo-performance-materials-and-hudson-resources-advance-the-greenland-sarfartoq-rare-earth-project-after-receiving-government-approval-for-license-transfer-869897272.html[4] https://www.iea.org/commentaries/with-new-export-controls-on-critical-minerals-supply-concentration-risks-become-reality[5] https://www.csis.org/analysis/consequences-chinas-new-rare-earths-export-restrictions[6] https://www.fool.com/investing/2026/05/12/the-best-rare-earth-stock-to-buy-and-hold-for-the/[7] https://www.sec.gov/Archives/edgar/data/0001970622/000121390026045339/ea028691001ex99-3.htm[8] https://investornews.com/critical-minerals-rare-earths/ucore-rare-metals-advances-as-pentagon-backed-refinery-reshapes-u-s-rare-earth-strategy/DISCLAIMER / DISCLOSURE:DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. americannewsgroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Greenland Mines Corp. but reserve the right to buy and sell, and will buy and sell shares of Greenland Mines Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines Corp. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.CAUTIONARY NOTE REGARDING MINERAL RESOURCES:The Mineral Resource Estimates referenced in this article were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.FORWARD-LOOKING STATEMENTS:This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward-looking statements in this publication include that demand for platinum group metals and critical minerals will continue to grow and tighten; that Greenland Mines Ltd's Skaergaard Project will advance through its planned technical, metallurgical, and environmental work programs as described; that the Company's engagements with SLR Consulting, GTK Mintec, and WSP will proceed as planned; that the Iceland LOI will progress toward a binding agreement with the cost and savings characteristics described; that comparable companies will perform as expected. The forward-looking information contained herein is provided for the purpose of assisting the reader to understand the Company's business, however such information may not be appropriate for other purposes. Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; permitting risks; the Company's ability to obtain and retain necessary licensing; political and competitive risks; failure of forecasts and assumptions to come to fruition; metal price volatility; the inherent uncertainty of mineral resource estimates; and other unforeseen circumstances. The publisher of this article does not take responsibility for the accuracy of any statements made by the issuing company or its representatives. Readers are cautioned not to place undue reliance on these forward-looking statements, and the publisher undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.Logo - https://mma.prnewswire.com/media/2978841/5979979/American_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/nasdaq-listed-critical-minerals-developer-lands-game-changing-greenland-rare-earth-deal-302777457.htmlSOURCE American News Group Original: Nasdaq-Listed Critical Minerals Developer Lands Game-Changing Greenland Rare Earth Deal
US Market News
2週前
Greenland Mines Signs Definitive Agreement to Acquire the Sarfartoq Neodymium-Praseodymium Rare Earths Project in GreenlandMay 21, 2026 8:30 AM
PR Newswire (US) Transaction will add an advanced magnet rare earths asset in Greenland to complement Skaergaard and solidifies Greenland Mines' position in the global critical minerals race Neo Performance Materials will become a strategic shareholder and secures offtake rights for up to 60% of future Sarfartoq productionTRANSACTION HIGHLIGHTSSarfartoq stands as one of Greenland's most advanced and compelling rare earths projects, backed by a historic NI 43-101 Mineral Resource Estimate, a Preliminary Economic Assessment, over 15 years of drilling, extensive metallurgical test work, engineering and environmental baseline studies.Historic resources at the ST1 zone, which hosts approximately 27 million kg of neodymium oxide (Nd2O3) and 8 million kg of praseodymium oxide (Pr6O11) – with Nd-Pr comprising an exceptional 25–40% of total rare earth oxides (TREO) — one of the highest ratios reported globally and the key value driver in today's rare earths market.Neo Performance Materials has offtake rights on up to 60% of future ore or mineral concentrate production, directly bridging a Greenlandic source of Nd-Pr feedstock to Neo's downstream rare earth separation and permanent magnet platform.Sarfartoq contains the rare earth elements powering the future: permanent magnets for electric vehicles, offshore wind turbines, defense systems and robotics — the segment of the rare earths market where demand growth and non-China supply gaps are most acute.Creates a Western-aligned critical minerals platform with two advanced critical metal projects in Greenland under one listed vehicle (Nasdaq: GRML): high-value magnet rare earths at Sarfartoq and palladium-gold-platinum at Skaergaard.CHARLOTTE, N.C., May 21, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) today announced that it has entered into an Agreement (the "Agreement") to acquire Neo North Star Resources, Inc., owner of the Sarfartoq Rare Earths Project in southwest Greenland, from its stockholders including Neo Performance Materials (TSX: NEO). The transaction will be structured as a merger between Neo North Star Resources, Inc. and a newly-formed, wholly-owned subsidiary of the Company. Sarfartoq is an advanced carbonatite-hosted rare earths deposit strongly enriched in the elements neodymium ("Nd") and praseodymium ("Pr"). The acquisition will give Greenland Mines two complementary Greenland development assets: Nd-Pr-rich Sarfartoq and the Skaergaard precious and critical metals project."Sarfartoq is a transformational addition to Greenland Mines' North Atlantic strategy. It will give investors exposure to two large-scale Greenland critical minerals projects and brings Neo Performance Materials on board as an offtake partner — connecting an upstream Greenlandic source of Nd-Pr feedstock to Neo's midstream and downstream magnet platform. We have great respect for the extensive technical work already completed on Sarfartoq and look forward to rapidly building on that foundation."— Bo Møller Stensgaard, President, Greenland MinesRahim Suleman, President and Chief Executive Officer of Neo Performance Materials, commented:"We wish Greenland Mines every success as they advance this project, while we maintain our commitment as an offtake partner and shareholder. This agreement reflects our disciplined approach to capital allocation and reinforces Neo's strategic identity as a midstream and downstream advanced materials company, where we create the most value for our customers and shareholders."The Sarfartoq ProjectThe Sarfartoq Rare Earths Project lies in the Qeqqata region of southwest Greenland, roughly 60 km from Kangerlussuaq — the settlement and international airport originally built as the U.S. Sondrestrom Air Base. The town of Sisimiut, host to Greenland's mining school, sits 130 km to the northwest. Through NNSR, Greenland Mines will acquire 100% of the Greenland branch Qaatsuitsup Ulloriaa, which holds mineral exploration license MEL 2020-32 over the Sarfartoq Carbonatite Complex.The Project benefits from a rare combination of high-grade rare earth content and unusually favorable Arctic logistics being located along a sheltered deep-fjord tidewater location and adjacent to the best hydroelectric potential in Greenland. Regional precedent reinforces the development case — Lumina's operating Qaqortorsuaq Anorthosite Mine (White Mountain) lies approximately 80 km to the northwest in the same Kangerlussuaq Fjord region and has been shipping product by bulk carrier since 2019.In the Company's opinion, Sarfartoq stands out as a unique Nd/Pr rich rare earths project in Greenland combining a defined NI 43-101 Mineral Resource, an economic study, and conventional metallurgical mineral hosts that support REE processing and extraction. That combination, together with Greenland Mining's experienced team and more than 15 years of extensive geological and technical work in the project, and Neo's continued commitment as offtake partner and shareholder, supports what the Company believes is an opportunity to rapidly advance the project toward commercialization.Project Maturity and NI 43-101 ResourceMore than 23,000 meters of drilling, metallurgical test work, mineralogy and environmental baseline work underpin the ST1 zone, anchored by a historic NI 43-101 Mineral Resource Estimate and a Preliminary Economic Assessment completed in 2011, with additional drilling and internal studies completed by NNSR since 2023.The resource estimate is concentrated within the ST1 Zone:Indicated Resource: 5.88 million tonnes grading 1.77% TREOInferred Resource: 2.46 million tonnes grading 1.59% TREOContained Nd-Pr (ST1 zone): approximately 27M kg Nd2O3 and 8M kg Pr6O11These figures place Sarfartoq among the more meaningful Nd-Pr resources in the Western world. High grade intervals at ST1 include 8m of 6.5% TREO, 14m of 4.8% TREO and 22m of 4% TREO. The REE distribution story is equally distinctive: Nd-Pr represents approximately 25% to 40% of TREO across the deposit, and the nearby ST40 zone has been publicly described as hosting one of the highest known neodymium-to-TREO ratios in the rare earths industry at 45% of TREO. For an end market that pays for Nd-Pr and discounts the rest, that ratio matters as much as tonnage.NNSR has indicated that ST1 is ready for an updated PEA, and Greenland Mines intends to advance that work as a near-term high priority. The Company will also initiate dialogue with the Government of Greenland on a pathway toward an Exploitation License for the Sarfartoq Project.Continued Alignment with NeoThe transaction will allow the Company and Neo Performance Materials to each sharpen their business focus on their individual core expertise. Neo Performance Materials is widely regarded as the leading Western commercial mid- and downstream producer of rare earth permanent magnets outside China, particularly following the recent opening of its advanced rare earth magnet plant in Estonia. Neo originally acquired Sarfartoq to secure upstream Nd-Pr feedstock for its rare earth separation activities in Europe and expanding regional magnet supply chains.The transaction allows Greenland Mines to assume ownership of the Sarfartoq project while preserving industrial alignment with Neo having an offtake agreement to process up to 60% of future ore or mineral concentrate production.Geological Upside and the Broader Exploration PipelineOnly a small fraction of Sarfartoq has been explored to date. The Project sits within a roughly 13 km-diameter carbonatite complex on the edge of the Archaean craton in southwest Greenland, first mapped by GEUS in the 1970s. The outer ring structure of the carbonatite, which hosts the rare earths mineralization, has a strike length of 32 km. ST1 is one of several mineralized targets defined along the complex's outer ring structure; ST19, ST24, ST31 and ST40 sit on the same trends and have been proven through drilling, radiometrics, magnetics and surface sampling to contain significant REE mineralization. Greenland Mines views ST1 as the near-term economic anchor and the wider ST corridor as substantial search space for additional rare earth bodies. Recent geological programs in 2023 and 2024 identified a number of new drill targets along previously unexplored sections of the outer ring structure. The mineralogy is dominated by bastnäsite, synchysite, ancylite and monazite — species already processed at operating rare earth mines elsewhere globally, which the Company believes meaningfully de-risks the metallurgical pathway.The License package also includes the Nukittooq Niobium-Tantalum Project and prospective phosphorus mineralization, adding further critical minerals optionality across the broader carbonatite system. The project comes with a new 20-person camp and two drill rigs allowing the team to hit the ground running.Strategic Fit with SkaergaardSarfartoq is highly complementary to Skaergaard. Skaergaard offers exposure to palladium, gold and platinum, with potential by-products including vanadium, gallium, iron and titanium. Sarfartoq adds direct entry into the rare earth permanent magnet supply chain through neodymium and praseodymium — the two rare earth elements most important to high-performance permanent magnets in EVs, wind turbines and defense applications.Together, the two projects form the foundation of what Greenland Mines describes as a North Atlantic Critical Minerals Corridor — linking Greenlandic mineral resources to mid- and downstream processing, logistics, offtake, industrial partnerships, OEMs and end markets in Europe and North America. The Company believes this strategy aligns directly with growing industrial, defense and policy efforts on both sides of the Atlantic to build more resilient, diversified and non-China critical minerals supply chains.Next StepsClosing of the acquisition is subject to customary closing conditions, including approval from the Government of Greenland under Section 69 of the Greenland Mineral Activities Act for the indirect transfer of the mineral rights licenses, as well as certain other regulatory and third-party consents. Greenland Mines and Neo have agreed to use commercially reasonable efforts to obtain all necessary approvals as promptly as practicable.After closing, Greenland Mines intends to advance Sarfartoq through an updated technical and economic work program, including discussions with Wardrop / Tetra Tech — the consulting group behind the historical PEA — on a possible fast-tracked PEA update to incorporate current Nd/Pr pricing, which is approximately two times higher than the assumptions used in the 2011 PEA. The Company will also engage with the Government of Greenland on an Exploitation License pathway, supported by the historic Mineral Resource, prior project description work and the environmental baseline investigations initiated in 2023 by WSP Denmark. Sarfartoq will be advanced in parallel with Skaergaard, drawing on Greenland Mines' extensive in-country capabilities and technical consultant network.At closing, total consideration for the acquisition will be US$35 million, paid in the form of US$20 million in cash and US$15 million in newly issued shares of Greenland Mines common stock.Additional information regarding the acquisition, including the definitive transaction documents, will be included in the Company's Current Report on Form 8-K to be filed with the Securities and Exchange Commission.About Greenland Mines LtdGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in southeast Greenland — one of the largest undeveloped palladium, gold and platinum deposits in the world — and (2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. Through its recent acquisition of Greenland Mines Corp., the Company holds the Skaergaard Project, which hosts an NI 43-101 (November 2022) Mineral Resource of 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred. The Company is led by an experienced team of mining, geological, biotech and capital markets professionals.Forward-Looking StatementsThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company's future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including the Company's inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections, and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.The Mineral Resource Estimates for Skaergaard referenced in this press release were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.Investor Contact and Corporate Communicationsir@greenlandmines.comWebsite: www.greenlandmines.com View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-mines-signs-definitive-agreement-to-acquire-the-sarfartoq-neodymium-praseodymium-rare-earths-project-in-greenland-302778314.htmlSOURCE Greenland Mines Ltd Original: Greenland Mines Signs Definitive Agreement to Acquire the Sarfartoq Neodymium-Praseodymium Rare Earths Project in Greenland
US Market News
3週前
The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals SupplyMay 13, 2026 11:19 AM
PR Newswire (Canada) Issued on behalf of Greenland Mines Ltd.Seabridge's KSM was named a B.C. priority project on April 30. NioCorp broke ground on the Elk Creek mine portal in March. B2Gold's Goose Mine in Nunavut hit commercial production in October. Ivanhoe Electric's Santa Cruz copper PFS lands first cathode in 2028. The Western mega-asset list is short — and getting shorter.KEY TAKEAWAYS The list of Western-aligned, large-scale, long-life critical-mineral deposits actively progressing toward production in 2026 is short. Seabridge Gold's KSM (BC), NioCorp's Elk Creek (Nebraska), B2Gold's Goose Mine (Nunavut), and Ivanhoe Electric's Santa Cruz / Tintic projects (Arizona / Utah) are among the small handful that have crossed the threshold from "exploration story" to "active development with government backing or production milestone." Skaergaard now increasingly fits that list. On May 7, 2026, Greenland Mines Ltd. (Nasdaq: GRML) released SLR Consulting's independent metal-price sensitivity analysis on its Skaergaard Project, indicating 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case — a 45% Indicated grade uplift and 55% Inferred uplift on the same 2022 underground-constrained block model. The 2026 field, drill, and bulk-sample campaign is fully funded. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, supported by SLR (geology / Qualified Person), GTK Mintec (metallurgy at the Geological Survey of Finland's Outokumpu facility), and WSP (environmental baseline). Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026 — placing the Project formally inside the EU's industrial framework for critical-raw-materials security.CHARLOTTE, N.C., May 13, 2026 /CNW/ -- American News Group News Commentary The Western critical-minerals development pipeline has a smaller short list than most investors realize.To make the list, a project needs scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing. Not many projects in the entire Western Hemisphere clear all five gates simultaneously. The ones that do are quietly attracting the institutional, government, and strategic capital that will define the next decade of critical-minerals supply.SEABRIDGE GOLD: KSM, BRITISH COLUMBIASeabridge Gold (NYSE: SA) (TSX: SEA) owns one of those projects. The KSM Project in British Columbia's Golden Triangle hosts 7.3 billion pounds of copper and 47.3 million ounces of gold in proven and probable reserves (2.29 billion tonnes grading 0.64 g/t Au and 0.14% Cu) — among the largest undeveloped copper-gold deposits on Earth[1]. On April 30, 2026, the Province of British Columbia designated KSM as a provincial priority project, granting dedicated permitting coordination to streamline regulatory timelines under the Province's "Look West" strategy. The designation followed Seabridge's March 30 announcement of an updated Mineral Resource Estimate that added 6.8 million ounces of gold and 1.5 billion pounds of copper to the Measured and Indicated category. Twenty years and roughly C$1 billion of work have moved KSM well past exploration. Provincial backing is the next compounding signal.NIOCORP DEVELOPMENTS: ELK CREEK, NEBRASKANioCorp Developments (NASDAQ: NB) owns another. The Elk Creek Critical Minerals Project in southeast Nebraska is North America's only niobium-scandium-titanium deposit at Feasibility Study stage and is permitted for construction. On March 4, 2026, Congressman Adrian Smith and local Nebraska officials launched the inaugural excavation of the Elk Creek mine portal[2]. On April 9, 2026, NioCorp signed a non-binding term sheet with Traxys North America covering marketing and offtake for the entire remaining product slate from Elk Creek's first 10 years of operations, alongside a potential $30 million strategic investment from Traxys[3]. On October 23, 2025, NioCorp announced a Pentagon-funded scandium technology agreement with Lockheed Martin. NioCorp's product list — niobium, scandium, titanium, and several magnetic rare earths including neodymium, praseodymium, terbium, and dysprosium — sits squarely on the U.S. government's critical-minerals list.B2GOLD: GOOSE MINE, NUNAVUTB2Gold (NYSE American: BTG) (TSX: BTO) owns a third. The Goose Mine in Nunavut, Canada — the most advanced asset in the Back River Gold District — achieved commercial production on October 2, 2025. The Q1 2026 results released May 6, 2026 showed all four operating mines (Fekola, Goose, Masbate, Otjikoto) exceeded production expectations, with consolidated gold production of 237,763 ounces and free cash flow of $362 million[4]. Full-year 2026 guidance is 820,000 to 970,000 ounces. On April 20, 2026, B2Gold and Agnico Eagle announced a collaboration agreement on Goose-area assets. The Goose Mine is the operational proof point for what an Arctic-jurisdiction precious-metals project looks like once it crosses into commercial production.IVANHOE ELECTRIC: SANTA CRUZ AND TINTIC, U.S.Ivanhoe Electric (NYSE American: IE) (TSX: IE) owns a fourth. The Santa Cruz Copper Project in Arizona — chaired by Robert Friedland — completed its Preliminary Feasibility Study in June 2025, targeting initial construction in the first half of 2026 and first copper cathode production in 2028. The Tintic Copper-Gold Project in Utah and a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden across approximately 48,500 km² of underexplored Arabian Shield round out a portfolio explicitly described by the Company as supporting "United States supply chain independence"[5]. Ivanhoe Electric's exploration mandate covers copper, nickel, vanadium, cobalt, platinum group elements, gold, and silver — a multi-metal mandate that overlaps directly with the metals contained in the Skaergaard intrusion.THE GRML POSITIONThat is the company Greenland Mines Ltd. (NASDAQ: GRML) is now keeping.The 2022 NI 43-101 Mineral Resource on the Skaergaard Project hosts 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent across the combined Indicated and Inferred categories — one of the largest undeveloped Pd-Au-Pt deposits on Earth, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices, calculated on an illustrative basis and before any technical or economic factors[6]. The May 7, 2026 SLR Consulting sensitivity work — applied to the existing underground-constrained block model with all geologic and technical inputs held constant — indicates 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case[7]. Greenland Mines holds an 80% direct interest with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S, which was admitted to the European Raw Materials Alliance alongside Greenland Mines on April 22, 2026[8]. The 2026 field, drill, and bulk-sample campaign is fully funded.The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside the underground concept — a separate, mine-method-based lever independent of any further metal-price assumption[7].President Bo Møller Stensgaard, Ph.D., described Skaergaard as: "a future operation in the making, with mine method and metal prices acting as levers."[7]READ THE ENTIRE REPORT ON GREENLAND MINES LTD HEREFive gates: scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing.KSM has them. Elk Creek has them. Goose has them. Santa Cruz has them.Skaergaard now checks many of the same boxes, at an earlier stage.FREQUENTLY ASKED QUESTIONSWhat did the May 7, 2026 SLR sensitivity study conclude?Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred — a 45% grade uplift in the Indicated category and 55% in the Inferred versus the 2022 base case[7].Where is the Skaergaard Project located?In Southeast Greenland, less than 1,600 kilometers from the U.S. eastern seaboard. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S[6].What is the European Raw Materials Alliance designation?On April 22, 2026, Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance, the industry-driven alliance established by the European Commission to secure reliable, sustainable access to critical and strategic raw materials for Europe's industrial ecosystems[8].Has GRML completed a feasibility study?No. The most recent technical work is the 2022 NI 43-101 Mineral Resource Estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project.For more information about Greenland Mines Ltd. (Nasdaq: GRML), visit the American News Group GRML profile.Article Sources:1. Seabridge Gold Inc., "Seabridge Gold's KSM Project Named a Priority Project by the Province of British Columbia," April 30, 2026; updated KSM Mineral Resource Estimate, March 30, 2026.2. NioCorp Developments Ltd., "Congressman Adrian Smith Starts Dig of NioCorp's Elk Creek Project Mine Portal," March 4, 2026.3. NioCorp Developments Ltd., "NioCorp Reaches Non-Binding Agreement with Traxys North America," April 9, 2026; "Pentagon Funds Joint Development Effort with NioCorp and Lockheed Martin to Develop a Scandium-Based Defense Technology," October 23, 2025.4. B2Gold Corp., "B2Gold Reports Q1 2026 Results," May 6, 2026; B2Gold and Agnico Eagle collaboration agreement, April 20, 2026.5. Ivanhoe Electric Inc., "Preliminary Feasibility Study for the Santa Cruz Copper Project," June 23, 2025; corporate disclosures.6. Klotho Neurosciences, Inc., Form 8-K and accompanying disclosures regarding the acquisition of Greenland Mines Corp., March 4, 2026; Greenland Mines Ltd. corporate disclosures.7. Greenland Mines Ltd., "Greenland Mines Reports Up To 45% – 55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study," May 7, 2026.8. Greenland Mines Ltd., admission to the European Raw Materials Alliance announcement, April 22, 2026.CONTACT:
American News Group
info @therooster-2873Cautionary Note Regarding Mineral Resources: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The sensitivity cases referenced in this article are illustrative of the deposit's leverage to long-term metal price environments rather than economic estimates. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project. There is no certainty that any portion of the Mineral Resources will be converted to Mineral Reserves or that the Project will be brought into commercial production.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. AmericanNewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Ltd. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of Greenland Mines Ltd. which were purchased in the open market, and reserves the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by Greenland Mines Ltd.; this is a paid advertisement, and we own shares of Greenland Mines Ltd. that we will sell, and we also reserve the right to buy shares of Greenland Mines Ltd. in the open market or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2978841/American_News_Group_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/the-5-strategic-projects-quietly-defining-the-next-decade-of-wests-critical-minerals-supply-302771163.htmlSOURCE American News Group Original: The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals Supply
US Market News
3週前
Newmont Transaction Highlights Rising Valuations For Undeveloped Gold AssetsMay 13, 2026 8:30 AM
PR Newswire (US) Issued on behalf of Greenland Mines Ltd.Newmont reported $4,900/oz realized in Q1. Kinross reported $4,873. Agnico Eagle posted record operating margins. Barrick is preparing a NewCo IPO of its North American gold assets. The deposits that priced at $1,800 are now sitting on a different planet — and the ones with the most ounces have the most to gain.The gold price reset is over. Senior producers won it in Q1 2026 earnings, well before the analysts finished updating their decks. The market is still catching up. Newmont's (NYSE: NEM) $4,900-per-ounce realized price and $3.1 billion in quarterly free cash flow already reflect what the mining industry figured out two quarters ago[1]: when the price deck moves from $1,800 to $4,900 on the same ore body, undeveloped ounces in the ground are effectively being revalued — and the deposits that the 2022 economics treated as long-dated optionality now screen as potential near-term development candidates at the new deck.CHARLOTTE, N.C., May 13, 2026 /PRNewswire/ -- Baystreet.ca News Commentary — That repricing has now been quantified on one of the largest undeveloped palladium-gold-platinum systems on Earth. Greenland Mines Ltd. (NASDAQ: GRML) released SLR Consulting's independent metal-price sensitivity analysis on its Skaergaard Project on May 7, 2026. Same block model. Same drill database. Same 1.43 g/t PdEq cut-off. Same 3.12 t/m³ bulk density. The only thing that changed was the price deck. The result: 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces Inferred — a 45% grade uplift in the Indicated category and 55% in the Inferred, on a block model that hasn't been touched since 2022[2]. These figures are sensitivity scenarios, not new Mineral Resource or economic estimates; they illustrate how Skaergaard reads under different long term metal price assumptions. That is what the senior-producer realized prices look like when you push them through an undeveloped resource estimate.THE STRUCTURAL POSITIONThe 2022 NI 43-101 Mineral Resource on Skaergaard, prepared by SLR Consulting (Canada) Ltd., established a Total Indicated and Inferred Resource of 364.37 million tonnes at 2.17 g/t PdEq, with the Indicated category alone at 158.95 million tonnes grading 2.22 g/t PdEq. That equates to 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent across the combined Indicated and Inferred categories, which on an illustrative basis and before any technical or economic factors, corresponds to a gross undiscounted in-situ metal value of approximately $68 billion at February 2026 metal prices[3]. Greenland Mines holds an 80% direct interest in the Project and an option on the remaining 20%.The 2022 base case used $1,725/oz Pd, $1,800/oz Au, and $1,250/oz Pt. SLR's three sensitivity scenarios — Low, Medium, and High — applied updated metal price assumptions ranging from $3,000/oz Au in the Low case to $5,000/oz Au in the High case, leaving every other technical input untouched[2]. The dominant variable in the read is the gold price.Senior gold producers are currently realizing approximately $4,800 to $4,900 per ounce. The high-price sensitivity scenario is broadly aligned with that realized-price range, while still representing an upside long-term price case in SLR's framework. SLR explicitly notes that the increases in equivalent grades and contained PdEq metal are primarily driven by higher gold prices, and considers the high-price sensitivity case relatively aggressive, viewing the Low and Medium price sets as more reasonable long-term reference points[2]. The 2026 field, drill, and bulk-sample campaign is fully funded.President Bo Møller Stensgaard, Ph.D., described the result as the kind of scale and price leverage that long-term institutional and strategic partners look for in the next generation of precious- and critical-metal projects[2].
READ THE ENTIRE REPORT ON GREENLAND MINES LTD HERETHE SENIOR GOLD CYCLEFour U.S.-listed senior gold producers reported Q1 2026 results in the same window as the Greenland Mines sensitivity work — each one a different read on what realized gold prices in the $4,800 to $4,900 range are doing to the precious-metals industry.Newmont (NYSE: NEM) — the world's largest gold producer — reported Q1 2026 results on April 23, 2026, with all-time record free cash flow of $3.1 billion, revenue of $7.31 billion (up 46% year-on-year), and adjusted earnings per share of $2.90 (an all-time quarterly record). Average realized gold price was $4,900 per ounce; gold by-product all-in sustaining cost was $1,029 per ounce; attributable gold production was 1.3 million ounces[1]. The Board authorized an additional $6.0 billion for share repurchases. Newmont remains on track for full-year 2026 production guidance of 5.3 million attributable gold ounces. CEO Natascha Viljoen credited "strong operational and financial performance"[1]. For investors trying to understand what the gold supercycle looks like at the income-statement level of the largest producer in the world, Newmont's Q1 is the cleanest available data point.Barrick Mining (NYSE: B) (TSX: ABX) rebranded from "Gold" to "Mining" in May 2025, with its NYSE ticker changing from GOLD to B — a structural acknowledgment that the Company is now a substantial gold-and-copper producer rather than a pure gold play. Q4 2025 results, released February 5, 2026, included record quarterly operating cash flow of $2.73 billion, free cash flow of $1.62 billion, and net earnings per share of $1.43 — the highest in the Company's history. Full-year 2025 production was 3.26 million ounces of gold and a record 220,000 tonnes of copper. The 2026 guidance range is 2.9 to 3.25 million gold ounces at a $4,500/oz price assumption, with all-in sustaining costs guided to $1,760 to $1,950 per ounce[4]. The Board has authorized preparations for an Initial Public Offering of a new entity ("NewCo") holding Barrick's North American gold assets — including its joint venture interests in Nevada Gold Mines and Pueblo Viejo, plus the wholly owned Fourmile discovery in Nevada — targeted for completion by late 2026. The structural signal is straightforward: the largest producers are now actively unlocking value through asset-level repricings and corporate restructurings.Agnico Eagle Mines (NYSE: AEM) (TSX: AEM) reported Q1 2026 results on April 30, 2026, with payable gold production of 825,109 ounces, record quarterly operating margins, record adjusted net income of $1.7 billion (up 121% year-on-year), and free cash flow of $732 million[5]. All-in sustaining cost was $1,483 per ounce. Operations were led by Detour Lake (record quarterly mill throughput at Macassa), Canadian Malartic, and Fosterville. The Hope Bay project in Nunavut, Canada is expected to advance to a construction decision in May 2026. Full-year 2026 production guidance is 3.3 to 3.5 million gold ounces — a 20% to 30% production growth pipeline over the next decade. Agnico Eagle is the operational illustration of what an Arctic and Tier-1 jurisdiction-focused gold producer looks like at current realized prices.Kinross Gold (NYSE: KGC) (TSX: K) reported Q1 2026 results on April 29, 2026, with revenue of $2.41 billion (up 61% year-on-year), production of 492,563 gold-equivalent ounces, and an average realized gold price of $4,873 per ounce[6]. Most importantly, free cash flow was approximately $840 million — the fourth consecutive quarterly record. Margins reached a record $3,476 per gold-equivalent ounce, outpacing the rise in the gold price itself. The Company ended Q1 with $2.2 billion in cash and $1.4 billion in net cash. Full-year 2026 guidance remains 2.0 million gold-equivalent ounces at a production cost of sales of $1,360 per ounce and an all-in sustaining cost of $1,730 per ounce. Kinross is targeting return of approximately 40% of free cash flow to shareholders in 2026 through dividends and buybacks. For investors evaluating the cash-flow conversion economics of the senior gold cycle, Kinross's margin expansion is the cleanest measure available.THE GRML POSITIONAgainst that backdrop — four senior gold producers reporting record financial metrics on realized gold prices in the $4,800 to $4,900 range — Greenland Mines' May 7 sensitivity work translates the cycle into a tangible deposit-level number on one of the largest undeveloped Pd-Au-Pt systems on Earth.The H5 horizon — historically the highest-grade zone in the Skaergaard deposit — moves from 2.85 g/t PdEq Indicated in the 2022 base case to 6.56 g/t PdEq Indicated in the High case. Total Indicated PdEq content moves from 11.41 Moz (2022) to 16.58 Moz; total Inferred from 14.11 Moz to 21.92 Moz[2]. SLR also recommends that any future Mineral Resource updates be reported on a net smelter return (NSR) basis rather than using metal equivalents, in line with evolving practice under SK 1300 and NI 43-101.The Skaergaard intrusion has been studied since the 1990s. Approximately $30 million of historical exploration investment has gone into building the 2022 NI 43-101 Mineral Resource. SLR Consulting (Canada) Ltd. is the Qualified Person firm. GTK Mintec is driving metallurgy and pilot processing at the Geological Survey of Finland's Outokumpu facility. WSP is leading the environmental baseline. Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026[7]. The 2026 field, drill, and bulk-sample campaign is fully funded.The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside the underground concept — a separate, mine-method-based lever independent of any further metal-price assumption[2].The deposit didn't change. The math around it did.FREQUENTLY ASKED QUESTIONSWhat did the May 7, 2026 SLR sensitivity study actually conclude?Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred — a 45% grade uplift in the Indicated category and 55% in the Inferred versus the 2022 base case[2].Why is gold the dominant variable in the sensitivity analysis?Approximately 73% of the contained metal at Skaergaard is in the platinum group metals and 27% is in gold by ounce count, but on a value basis, gold accounts for the majority of the in-situ value at $5,000/oz Au in the high-price case. That is why a move in the gold price deck from $1,800 (2022) to $5,000 (2026 high case) drives the dominant share of the 45% to 55% PdEq grade uplift[2].What is the 2026 program?A fully funded summer field, drill, and bulk-sample campaign supported by SLR Consulting (geology / Qualified Person), GTK Mintec (metallurgy and pilot processing at the Geological Survey of Finland's Outokumpu facility), and WSP (environmental baseline). The program will begin evaluating open-pit and bulk-mining scenarios alongside the underground concept[2].Has GRML completed a feasibility study?No. The most recent technical work is the 2022 NI 43-101 Mineral Resource Estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project.For more information about Greenland Mines Ltd. (NASDAQ: GRML), visit the Baystreet GRML profile.Article Sources:Newmont Corporation, "Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 Results and Announces Increased Share Repurchase Authorization," April 23, 2026.Greenland Mines Ltd., "Greenland Mines Reports Up To 45% – 55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study," May 7, 2026.Klotho Neurosciences, Inc., Form 8-K and accompanying disclosures regarding the acquisition of Greenland Mines Corp., March 4, 2026; Greenland Mines Ltd. corporate disclosures.Barrick Mining Corporation, "Barrick Reports Full Year and Fourth Quarter 2025 Results," February 5, 2026; Barrick NewCo IPO authorization announcement.Agnico Eagle Mines Limited, "Agnico Eagle Reports First Quarter 2026 Results, Including Record Quarterly Operating Margins and Adjusted Net Income," April 30, 2026.Kinross Gold Corporation, "Kinross reports strong 2026 first-quarter results," April 29, 2026.Greenland Mines Ltd., admission to the European Raw Materials Alliance announcement, April 22, 2026.CONTACT:
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info @acblanke1Cautionary Note Regarding Mineral Resources: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The sensitivity cases referenced in this article are illustrative of the deposit's leverage to long-term metal price environments rather than economic estimates. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project. There is no certainty that any portion of the Mineral Resources will be converted to Mineral Reserves or that the Project will be brought into commercial production.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is a wholly-owned subsidiary of B Street Media Inc. ("BAY"). The owners of BAY also own MIQ. BAY has not been paid directly by Greenland Mines Ltd.; however, the owner(s) of BAY also own MIQ, which has been paid a fee by Greenland Mines Ltd. directly. There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. BAY owns shares of Greenland Mines Ltd. which were purchased in the open market, and reserves the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated has been approved by Greenland Mines Ltd.; this is a paid advertisement, and we own shares of Greenland Mines Ltd. that we will sell, and we also reserve the right to buy shares of Greenland Mines Ltd. in the open market or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2973736/Baystreet_Logo.jpg View original content:https://www.prnewswire.com/news-releases/newmont-transaction-highlights-rising-valuations-for-undeveloped-gold-assets-302770489.htmlSOURCE Baystreet Original: Newmont Transaction Highlights Rising Valuations For Undeveloped Gold Assets
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Greenland Mines Just Reported PdEq Grades Up 45-55% in MetalPrice Sensitivity Work at One of the World's Largest Undeveloped Pd-Au-Pt DepositsMay 7, 2026 10:09 AM
PR Newswire (US) Issued on behalf of Greenland Mines LtdEquity Insider News CommentaryCHARLOTTE, N.C., May 7, 2026 /PRNewswire/ -- Companies Mentioned: Greenland Mines Ltd (NASDAQ: GRML) Ivanhoe Mines (OTCQX: IVPAF) Platinum Group Metals Ltd (NYSE American: PLG) Newmont (NYSE: NEM) Kinross Gold (NYSE: KGC) KEY TAKEAWAYSGreenland Mines Ltd. (NASDAQ: GRML) has reported the results of an independent metal-price sensitivity analysis on its Skaergaard Project, completed by SLR Consulting, indicating PdEq grade increases of 45% (Indicated) and 55% (Inferred) versus the existing 2022 base case — together with 16.58 Moz PdEq Indicated and 21.92 Moz PdEq Inferred in the illustrative high-price sensitivity case at $5,000/oz Au.SLR's analysis applies updated long-term gold, palladium and platinum price assumptions to the existing 2022 underground-constrained Mineral Resource model, holding the geologic model, drill database, cut-off (1.43 g/t PdEq), and classification criteria unchanged — isolating metal-price leverage as a single, clean variable.Greenland Mines holds an 80% direct interest in the Skaergaard Project with an option to acquire the remaining 20%, on what it describes as one of the largest undeveloped palladium-gold-platinum deposits in the world.The 2026 program will begin to evaluate open-pit and bulk-mining scenarios alongside underground concepts — a strategic shift that could materially expand the resource base again, this time on a mine-method basis rather than a pricing basis.The sensitivity work reinforces a thesis already unfolding across the PGM and gold complex, where Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has just hit three Phase-2 expansion milestones at Platreef, Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) is advancing the Waterberg DFS update, and Newmont (NYSE: NEM) and Kinross Gold (NYSE: KGC) have just delivered standout Q1 2026 results into a $4,800–$4,900/oz realized gold price environment.Once in a generation, the precious-metals industry produces a piece of technical work whose implications are larger than the work itself.The Skaergaard Project sits in Southeast Greenland, hosted in the Eocene-age Skaergaard intrusion — one of the most studied layered mafic intrusions on Earth. Its precious-metals potential has been recognized academically since the 1990s. What had not been quantified until recently was just how much the deposit's economics would shift under modern long-term metal-price assumptions.This week, Greenland Mines Ltd. (NASDAQ: GRML) answered that question.The Company reported the results of an independent metal-price sensitivity analysis completed by SLR Consulting (Canada) Ltd. — the same Qualified Person firm that authored the November 22, 2022 NI 43-101 Technical Report on Skaergaard. Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred. Average PdEq grades increase by 45% (Indicated) and 55% (Inferred) against the 2022 base case.This is not a new resource estimate. It is something arguably more useful for an investor evaluating where Skaergaard sits within the broader PGM and gold supply story: a clean, single-variable read on the deposit's leverage to metal prices, performed on the existing 2022 underground constrained Mineral Resource model without changing tonnages, classification or cutoff grade.THE TECHNICAL FRAMINGThe work isolates one variable. SLR retained the 2022 block model, the same drill database, the underground mining shape, the 1.43 g/t PdEq cut-off, the bulk density of 3.12 t/m³, the classification criteria, and every other technical assumption. Only metal-price assumptions and the resulting PdEq conversion factors changed.Three sensitivity cases were constructed:Low case: $1,725/oz Pd, $3,000/oz Au, $2,100/oz PtMedium case: $1,725/oz Pd, $3,500/oz Au, $2,100/oz PtHigh case: $1,800/oz Pd, $5,000/oz Au, $2,175/oz PtThe 2022 base case had used $1,725/oz Pd, $1,800/oz Au, and $1,250/oz Pt. SLR considers the high price sensitivity case relatively aggressive and views the Low and Medium cases as more reasonable long term reference points for any future Mineral Resource update, alongside updated cost assumptions.Two observations matter here. First, even the low sensitivity case lifts the in-situ PdEq content meaningfully versus the 2022 base case. Second, the dominant variable in the high case is the gold price — moving from $1,800 to $5,000 per ounce — which reflects the actual move that has occurred in the gold market since the 2022 Technical Report was filed. Spot gold has averaged above $4,500/oz through the first quarter of 2026, with senior producers reporting realized prices of approximately $4,873–$4,900/oz.Put differently: the high-price sensitivity case is not purely hypothetical. It is broadly aligned with where the gold price has recently traded, and the direction of major banks' long-term forecasts revisions, while still representing an upside price scenario.In its memorandum, SLR also recommends that any future Mineral Resource updates for Skaergaard be reported on a net smelter return (NSR) basis rather than using metal equivalents, to better reflect horizon by horizon value distribution and evolving SK 1300/NI 43101 practice.WHAT THE NUMBERS SHOWThree structural points stand out across the SLR sensitivity table.First, the H5 horizon — historically the highest-grade zone in the deposit — sees the most aggressive grade uplift, with Indicated grade moving from 2.85 g/t PdEq (2022) to 6.56 g/t PdEq (high case), and Inferred grade moving from 2.49 g/t PdEq to 5.57 g/t PdEq. This is the kind of grade profile that, in principle, could materially influence the underlying mining economics of a project — for example in cut-off discussions and early-mine cash-flow modelling — once formal economic studies are completed.Second, total Indicated PdEq content increases from 11.41 Moz (2022) to 16.58 Moz (high case) — a 45% step-up. Total Inferred PdEq content increases from 14.11 Moz to 21.92 Moz — a 55% step-up. These uplifts compound across the full deposit.Third — and most important for a forward-looking thesis — the Company has signaled that this sensitivity work is only the first lever it intends to pull. The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside underground concepts. The 2022 Mineral Resource was constrained by an underground-only mining shape. A bulk-tonnage scenario, where supported by geotechnical and geophysical data, has the potential to expand the resource base on a mine-method basis — independent of any further metal-price assumption. That is two distinct levers, applied sequentially, on a deposit that already ranks among the largest undeveloped Pd-Au-Pt systems in the world.THE STRATEGIC ARCHITECTUREThe technical foundation surrounding this announcement is unusually well-built for a company of Greenland Mines' stage. The Company has assembled three world-class consultants around the Skaergaard Project on a rapid cadence over recent months:SLR Consulting as Geological Consultant and Qualified Person — the same firm that prepared the 2022 NI 43-101 Technical Report and the current Mineral Resource Estimate, bringing zero relearning curve into the 2026 program;GTK Mintec for metallurgical and pilot-scale processing test work at the Geological Survey of Finland's mineral processing facility in Outokumpu — one of the most established industrial-scale pilot platforms in Europe; andWSP for the environmental baseline study required under Greenlandic mining law.President Bo Møller Stensgaard, Ph.D. framed the work bluntly in the Company's announcement: "The SLR sensitivity work crystallizes what makes Skaergaard so compelling. On the same conservative 2022 block model, simply applying a more gold-bullish long-term price deck takes the combined Pd-Au-Pt expression up by approximately 50%, with strong equivalent grade uplift in both the Indicated and Inferred categories. That is the kind of scale and price leverage that long-term institutional and strategic stakeholders and partners are looking for in the next generation of precious- and critical-metal projects."Stensgaard further noted that the 2026 program is fully funded and will run a summer field, drill and bulk-sample campaign, supported by a North Atlantic low-carbon processing strategy — and that the Company sees Skaergaard increasingly as "a future operation in the making, with mine method and metal prices acting as levers on what is already a very large Pd-Au-Pt and critical-metals system."For any investor whose mental model of a junior PGM developer involves long timelines and uncertain fundamentals, this is a different posture entirely.MACRO BACKDROP: THE PGM AND GOLD SUPERCYCLEThe reason this sensitivity work matters now — rather than being a footnote in a quiet quarter — is that the broader precious-metals complex has spent the last twelve months structurally re-rating.Bank of America Global Research raised its 2026 platinum forecast to $2,450/oz (from $1,825) and palladium to $1,725/oz (from $1,525) earlier this year, citing persistent market deficits, trade dislocations, and Chinese demand support including the launch of physically-backed platinum and palladium futures contracts on the Guangzhou Futures Exchange. The World Platinum Investment Council reports that the platinum market entered a third consecutive year of supply deficit in 2025.On the policy side, the U.S. Department of Commerce has estimated a dumping margin of approximately 828% on unworked Russian palladium imports — a number large enough to reshape U.S. import economics if any tariffs are imposed. And on the gold side, senior producer realized prices in Q1 2026 ran $4,800–$4,900/oz — roughly double the 2022 base-case price embedded in the previous Skaergaard Mineral Resource.Against that backdrop, an undeveloped Pd-Au-Pt deposit located in a Western-aligned jurisdiction, with a fully funded 2026 work program, a clean technical foundation, and direct exposure to all three of the commodities driving the macro cycle, occupies a relatively unique position.COMPANIES WORTH WATCHING ALONGSIDE GREENLAND MINESThe PGM-and-gold supply-deficit thesis has produced a clear set of U.S.-listed comparable names. Each has reported material newsflow within the past two weeks tied to the same macro cycle.Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF)On April 23, 2026, Ivanhoe Mines announced the completion of three major project milestones at the Platreef Platinum-Palladium-Nickel-Rhodium-Gold-Copper Mine in Limpopo, South Africa: the completion of construction of the 4 Mt/y Shaft #3, the breaking of ground for the Phase 2 concentrator site, and the commencement of widening of Shaft #2. The Phase 2 expansion is now on track to lift Platreef's annualized production almost five-fold to over 460,000 ounces of platinum, palladium, rhodium and gold (3PE+Au), plus approximately 9,000 tonnes of nickel and 6,000 tonnes of copper. Phase 2 life-of-mine total cash cost is estimated at $599/oz of 3PE+Au, falling to $511/oz after Phase 3 — against a basket spot price of approximately $2,000/oz of 3PE+Au at April 22, 2026. Founder and Co-Chairman Robert Friedland framed Platreef as a "once-in-a-generation geological wonder," with a flat-lying orebody approximately 25 times thicker than typical South African seams. For investors trying to understand what the institutional-grade end of the PGM development pipeline looks like, Ivanhoe is the reference point.Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG)Platinum Group Metals holds a 50.16% interest in the Waterberg Project on the Northern Limb of the Bushveld Complex in South Africa — a palladium-dominant deposit (approximately 63.5% palladium, 28.7% platinum, and 6.2% gold across its 4E reserves) that sits at the institutional-quality end of the development-stage PGM universe. The Company filed the Waterberg Independent Definitive Feasibility Study Update Technical Report and continues to advance Waterberg through the financing and partnership decisions that precede a build. Industry analysts have repeatedly noted Waterberg's structural attractiveness given current PGE prices and the project's modest share count. For investors evaluating where leveraged palladium exposure can be built without taking single-asset African operating risk, PLG is widely cited as the most relevant U.S.-listed name.Newmont (NYSE: NEM)Newmont, the world's largest gold producer, reported its first quarter 2026 results on April 23 and posted what the Company described as record quarterly free cash flow. Reported metrics included an all-time quarterly record of $3.1 billion in free cash flow, $5.2 billion of adjusted EBITDA, $3.3 billion of net income, $2.90 of adjusted EPS, an average realized gold price of approximately $4,900 per ounce, and gold AISC of $1,029 per ounce. The Board authorized an additional $6 billion share repurchase program. Production of 1.3 million attributable gold ounces leaves Newmont on track to meet 2026 full-year guidance of 5.3 million ounces. The relevance for a Pd-Au-Pt developer like Greenland Mines is direct: Newmont's Q1 confirms — at the senior producer level — that the realized-price environment now sits at or above the gold assumptions used in SLR's high-price sensitivity case.Kinross Gold (NYSE: KGC)Kinross Gold reported strong first quarter 2026 results on April 30, with average realized gold price of $4,873 per ounce — up from $2,857 in Q1 2025. Production of 492,563 Au-equivalent ounces was delivered against full-year guidance, and the Company added approximately $440 million in cash to the balance sheet during the quarter, ending Q1 with $2.2 billion of cash and equivalents and approximately $3.9 billion of total liquidity. Capital expenditures stepped up to $283.2 million, driven by development at Great Bear, Curlew, Round Mountain Phase X, and Bald Mountain Redbird Phases 1 and 2. Lobo-Marte's Environmental Impact Assessment was submitted in April, formally initiating permitting on what management has described as a long-life, large-scale growth project. For investors who care about what the gold-price environment looks like operationally — not just on the spot screen — Kinross's Q1 is one of the cleanest available data points in the senior gold space.WHY THIS MATTERS NOWThe combination of fact patterns now in front of investors at Greenland Mines is unusual:A 2022 NI 43-101 Mineral Resource on Skaergaard, prepared by SLR, that already sits among the largest undeveloped palladium-gold-platinum deposits in the world.A 45–55% PdEq grade uplift in the high-price sensitivity case, on the same block model and with all other technical assumptions held constant.16.58 Moz PdEq Indicated and 21.92 Moz PdEq Inferred at metal prices already aligned with where the gold market has traded.A 2026 work program that will begin evaluating open-pit and bulk-mining scenarios — a second, mine-method-based lever that has the potential to expand the resource base again.A fully funded summer field, drill and bulk-sample campaign supported by SLR (geology), GTK Mintec (metallurgy), and WSP (environmental).A direct 80% interest in the Skaergaard Project with an option on the remaining 20%.A North Atlantic low-carbon processing strategy connecting Greenlandic mining to North American and European refining markets.Mineral Resources are not Mineral Reserves, the sensitivity outputs are not standalone Mineral Resource or Reserve figures, and no preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on Skaergaard. Investors should treat the SLR work as illustrative of leverage to long-term metal price environments — which it is — rather than as economic estimates.But the framing matters: Greenland Mines is in possession of one of the largest undeveloped Pd-Au-Pt deposits in the world, has assembled a world-class technical team around it, and has just produced an independent piece of work showing that the deposit's PdEq metal content in the high-price sensitivity case scales 45–55% relative to the 2022 base-case PdEq values, under metal-price assumptions that the market has, in significant part, already met.That is a setup that does not appear often.For more information about Greenland Mines Ltd., please visit: Greenland Mines Ltd – Equity Insider Profile.Article Sources:Greenland Mines Ltd press release, 'Greenland Mines Reports Up To 45%–55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study,' April 30, 2026.SLR Consulting (Canada) Ltd. NI 43-101 Technical Report on the Skaergaard Project, Southeastern Greenland, effective November 22, 2022.Ivanhoe Mines news release, 'Ivanhoe Mines Announces Completion of Three Major Project Milestones at the Platreef Platinum-Palladium-Nickel-Rhodium-Gold-Copper Mine,' April 23, 2026.Platinum Group Metals Ltd. corporate disclosures and Waterberg Independent Definitive Feasibility Study Update Technical Report.Newmont Corporation, 'Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 Results and Announces Increased Share Repurchase Authorization,' April 23, 2026.Kinross Gold Corporation, 'Kinross reports strong 2026 first-quarter results,' April 30, 2026.Bank of America Global Research, 2026 PGM and gold price forecasts.World Platinum Investment Council (WPIC) supply/demand commentary.U.S. Department of Commerce preliminary anti-dumping determination on unworked Russian palladium imports.Media Contact
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info @therooster-2873DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Corp. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Greenland Mines Corp. but reserve the right to buy and sell, and will buy and sell shares of Greenland Mines Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines Corp. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Cautionary Note Regarding Forward-Looking StatementsThis publication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management team of Greenland Mines Ltd. and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. The Mineral Resource Estimates referenced in this publication were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. You should carefully consider the foregoing factors and the other risks and uncertainties described in filings made with the SEC by Greenland Mines Ltd. from time to time, which may be found on the SEC's website at www.sec.gov.Logo: https://mma.prnewswire.com/media/2840019/5955888/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/greenland-mines-just-reported-pdeq-grades-up-4555-in-metalprice-sensitivity-work-at-one-of-the-worlds-largest-undeveloped-pd-au-pt-deposits-302765757.htmlSOURCE Equity Insider Original: Greenland Mines Just Reported PdEq Grades Up 45-55% in MetalPrice Sensitivity Work at One of the World's Largest Undeveloped Pd-Au-Pt Deposits
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4週前
Global Palladium-Gold-Platinum Market Gains Momentum as the Skaergaard Project Places itself in the EU Industrial FrameworkMay 6, 2026 12:06 PM
PR Newswire (Canada) Issued on behalf of Greenland Mines Ltd.Greenland Mines Ltd. (NASDAQ: GRML) and its 80%-owned Greenland subsidiary Major Precious Greenland A/S have joined the European Raw Materials Alliance, formally positioning the Skaergaard Gold-Palladium-Platinum-Critical Metals Project inside the EU's industrial framework for critical-raw-materials security. The Skaergaard deposit — one of the largest undeveloped palladium-gold-platinum resources on Earth — now sits at the intersection of EU strategic-minerals policy, North American capital markets, and an emerging North Atlantic processing corridor that links Greenland geology to Iceland's geothermal industrial base.Equity Insider News CommentaryNEW YORK, May 6, 2026 /CNW/ -- There is a particular kind of milestone in the development of a strategic mining project that does not show up on a drill assay, does not appear in a resource update, and does not directly move a stock chart on the day it happens. It is the moment a project gets formally embedded into the institutional architecture that will eventually determine whether the metals it produces have a credible Western buyer base. For Greenland Mines Ltd. (NASDAQ: GRML), that moment arrived on April 22, 2026.The Company announced that it — together with its 80%-owned Greenland subsidiary Major Precious Greenland A/S — has been admitted as a member of the European Raw Materials Alliance ("ERMA"), the industry-driven alliance established by the European Commission to secure reliable, sustainable access to critical and strategic raw materials for Europe's industrial ecosystems.This is not a ceremonial designation. ERMA, managed by EIT RawMaterials, is the European Union's central mechanism for moving critical-minerals projects from concept toward financed reality. It is the alliance that brings together OEMs, processors, recyclers, technology providers, member-state governments, regional authorities, the European Investment Bank, and a network of investors around a single common objective: identifying which raw-materials projects across the value chain are worth advancing, removing the barriers in their way, and channeling capital and offtake interest toward them. The alliance plays a central role in implementing the EU's Action Plan on Critical Raw Materials and supports emerging initiatives under the new EU Critical Raw Materials Act.For a NASDAQ-listed mining company to be admitted to ERMA — alongside its subsidiary holding the actual Greenlandic mining license — is not a marketing event. It is the institutional embedding of a project into a financing and offtake ecosystem that did not previously have it.The asset that just walked into the roomTo understand why ERMA membership matters for Greenland Mines, it helps to be precise about what the Skaergaard Project actually is.Skaergaard is described by the Company as one of the largest undeveloped palladium, gold, and platinum deposits in the world. The project hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent, with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The technical report supporting the resource estimate was prepared by SLR Consulting and is dated November 22, 2022.The Mineral Resource numbers carry the standard NI 43-101 qualifier — Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability, and no preliminary economic assessment, pre-feasibility study, or feasibility study has yet been completed on Skaergaard. That is the disclosure framework. Within that framework, the in-situ resource numbers are extraordinary by any standard the global PGM market would apply.For comparative scale, the entire global palladium market produces roughly 6 million ounces of new mine supply per year (around 10 million ounces including recycling). The entire global platinum market produces approximately 6 million ounces from mine supply. Skaergaard's Indicated and Inferred PGM-plus-gold endowment, expressed on a palladium-equivalent basis, is approximately 25.4 million ounces. Assigning even a fraction of that resource base to a long-life mine plan would represent a Western-aligned PGM project of strategic significance.The metals matter as much as the size. Palladium spot is currently sitting at approximately $1,545 per ounce, up roughly 65% over the trailing twelve months. Platinum is trading near $2,000 per ounce. Gold is at approximately $4,628 per ounce. The platinum market specifically is in its third consecutive year of structural deficit, with above-ground platinum stocks reportedly falling to less than five months of demand cover. Palladium remains tightly supplied, and the substitution of palladium for platinum in catalytic converters is forecast by the World Platinum Investment Council to peak at over 870,000 ounces in 2025 — a structural tailwind for projects that carry exposure to both metals. China's tightening grip on rare earths has put a spotlight on Western-aligned critical-minerals security across the entire metals complex — and PGMs, which are essential for catalytic converters, hydrogen fuel cells, defense electronics, and emerging clean-tech applications, are squarely inside the conversation.This is the asset that just walked into ERMA's industrial ecosystem.What ERMA membership actually unlocksERMA's stated purpose is to make Europe economically more resilient by diversifying its critical-raw-materials supply chains, attracting investments to the raw-materials value chain, and contributing to the enabling framework for the circular economy. The alliance has grown to over 450 members since its launch — from Greenland to Australia — and currently has more than 100 investment cases under active evaluation.For Greenland Mines specifically, the Company has stated three concrete uses for the ERMA platform:First, direct engagement with European industrial users in sectors where PGMs and other Skaergaard metals play key roles — automotive, energy, defense, aerospace, and high-tech manufacturing. These are the OEMs that will eventually consume Skaergaard's output. ERMA is the structured forum in which they meet upstream raw-materials suppliers.Second, strategic partnerships, offtake frameworks, and co-investment concepts that can support the advancement and de-risking of the project. The most important word in that sentence is "offtake." The path that takes a development-stage mining project from a Mineral Resource Estimate to a financed mine is paved with offtake agreements — long-term commitments from end-users to purchase a portion of future production. ERMA exists, in part, to facilitate exactly those conversations.Third, broader policy and industrial-ecosystem contribution — positioning Greenland and the wider North Atlantic region inside Europe's critical-raw-materials and climate strategy.ERMA membership does not, by itself, designate Skaergaard as an EU Strategic Project under the Critical Raw Materials Act — those designations are decided by the European Commission through a separate formal application process. But ERMA serves as what the Company describes as an "investment pipeline and support platform for high-potential raw-materials projects aligned with those objectives, helping to identify and mature investment cases across the value chain." It is the on-ramp.The North Atlantic critical-minerals corridorWhat makes Greenland Mines' ERMA admission particularly notable is that it does not arrive in isolation. It is the third in a sequence of structural moves that the Company has executed over recent months — moves that, taken together, sketch out the architecture of a North Atlantic critical-minerals corridor.The first was the engagement of GTK Mintec for a comprehensive metallurgical and processing flow program at Skaergaard. The second was the LOI to evaluate a brownfield downstream Icelandic industrial processing site — a low-carbon, geothermal-powered downstream processing pathway under which Skaergaard ore would be mined and pre-processed in East Greenland, then shipped a short distance to Iceland for refining at a fraction of the carbon footprint of conventional smelting. The third, announced today, is ERMA membership.The combination is structurally distinctive: a large, multi-metal resource base in Greenland; a potential low-carbon processing hub in Iceland; and participation in ERMA's EU-centred industrial ecosystem. That is the corridor. It is a Western-aligned, NATO-jurisdiction, low-carbon supply chain that links world-class geology to a buyer base that has explicitly identified its dependence on non-allied sources as a strategic vulnerability.The capstone: EIT RawMaterials Summit 2026, Brussels, 19–21 MayAs part of this deepening engagement with Europe's raw-materials community, Bo Møller Stensgaard, President of Greenland Mines Ltd., will participate in the EIT RawMaterials Summit 2026 in Brussels on 19–21 May 2026.The Summit, organized by EIT RawMaterials (which also manages ERMA), is the flagship EU public-private forum where stakeholders from across the raw and advanced materials value chain — from lab to plant and from policy to procurement — meet to translate EU priorities into concrete action on domestic extraction, processing, recycling, and strategic partnerships. It is, in effect, the annual convening at which the EU's critical-minerals architecture meets the projects that intend to feed it.Greenland Mines has stated that it intends to use the Summit and its ERMA membership to present the Skaergaard Project and the North Atlantic processing concept to European industrial, financial, and policy stakeholders, and to explore potential collaboration opportunities within ERMA's project and investment-case framework.In parallel, the Company has disclosed that it is also in early dialogues with stakeholders in the United States, Canada, Iceland, and Greenland regarding Skaergaard's potential role in secure, resilient transatlantic critical-minerals supply chains.Stensgaard summarized the strategic positioning in the announcement: "Joining the European Raw Materials Alliance with both Greenland Mines and Major Precious Greenland A/S is an important step in positioning Skaergaard where it belongs: at the heart of the European, North American, and transatlantic discussion on secure, low-carbon critical-raw-materials supply."The peer set has been movingGreenland Mines is advancing into a sector where the strategic value of Western-aligned critical-minerals projects has been visibly repriced over the past 12 months. Four peers tell that story.Critical Metals Corp. (NASDAQ: CRML) — the closest geographic and strategic analogue to GRML. Critical Metals Corp. just received Government of Greenland approval on April 17, 2026, to take its ownership of the Tanbreez heavy-rare-earth deposit in southern Greenland from 42% to 92.5%. Tanbreez is described as one of the largest known deposits of heavy rare earth elements in the Western world, with a resource base of 45 million tonnes grading 0.40% total rare earth oxides at 27% heavy rare earth content. The Company has secured a $120 million letter of intent with the U.S. Export-Import Bank, a 10-year offtake arrangement tied to Ucore's Louisiana processing facility, and a $30 million board-approved acceleration program targeting first ore production in late 2028 to early 2029. CRML's stock price surged from approximately $9 to the mid-$13 range in the weeks following the Greenland transfer approval, taking the Company's market capitalization to approximately $1.7 billion. Critical Metals is the most direct Greenland-development comparable to Greenland Mines on the NASDAQ.MP Materials (NYSE: MP) — the only North American rare earth producer at scale. MP Materials operates the Mountain Pass mine and processing facility in California — one of only two large-scale light rare-earth production facilities not located in China, and the only one in North America. The Company has secured a $400 million U.S. Department of Defense investment, a 100% offtake agreement on its second magnet factory's future production, and announced a $1.25 billion U.S.-based rare-earth magnet manufacturing campus. Anchor customers include Apple and General Motors. Wedbush has set a $90 price target on MP Materials, reflecting its position as a critical-infrastructure play with government-backed revenue floors and blue-chip customer commitments. The Company's heavy rare earth separation facility is targeting mid-2026 commissioning. MP Materials is currently capitalized at approximately $12 billion.USA Rare Earth (NASDAQ: USAR) — the $2.8 billion mine-to-magnet consolidator. On April 20, 2026, USA Rare Earth announced a definitive agreement to acquire the Serra Verde Group — owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil — for approximately $2.8 billion in stock and cash. Serra Verde already carries a 15-year, 100% offtake agreement with a U.S. government-backed special-purpose vehicle that includes price floors on neodymium, praseodymium, dysprosium, and terbium. The combined company is guiding to roughly $1.8 billion of EBITDA by 2030 and operates an integrated mine-to-magnet platform spanning the United States, United Kingdom, France, and Brazil. The U.S. government holds an equity stake in USAR via a $1.6 billion early-2026 funding package. USA Rare Earth's market cap is now approximately $5 billion, up almost 90% year-to-date.Sibanye Stillwater (NYSE: SBSW) — the only PGM-focused producer on a major U.S. exchange. Sibanye Stillwater operates platinum-group-metals operations in both South Africa and the United States — the latter at the Stillwater complex in Montana, which sits within the only meaningful U.S. PGM production footprint. The Company's U.S. PGM operations reported approximately 57.5 million ounces of 2E PGM Mineral Resources and 19.4 million ounces of Mineral Reserves as of year-end 2025. Following years of restructuring, Sibanye's U.S. PGM segment turned profitable in late 2025 with positive AISC margins and approximately $33 million of EBITDA, and the consolidated business reported approximately $560 million of EBITDA in its most recent operating update — triple the prior-year figure — driven by a 36% increase in the South African 4E basket price. The stock has appreciated approximately 84% since September 2025. Sibanye is the closest publicly-listed pure-play PGM comparable available to U.S. investors.What the institutional embedding actually doesThe thesis on Greenland Mines is straightforward, and the pieces are now in place.The asset is one of the largest undeveloped palladium-gold-platinum resources on Earth, sitting in a NATO-aligned, EU-engaged, North Atlantic jurisdiction. The metals it produces are in structural deficit and trade at price levels that have not been seen sustainably in years. The processing pathway, as currently being scoped, would route ore through Iceland's geothermal industrial base — producing a low-carbon supply-chain proposition that resonates directly with Western OEM procurement priorities. The Company is led by experienced operators, with the resource estimate prepared by SLR Consulting under NI 43-101, and the stock is listed on the NASDAQ, providing direct access for U.S. institutional capital.What ERMA membership adds to that picture is the institutional plumbing. It is the difference between a project that exists adjacent to Europe's critical-raw-materials policy and a project that has been formally admitted into the alliance through which that policy gets translated into investment, partnership, and off-take. It is the on-ramp to the Brussels Summit in May. It is the structural foundation for the conversations with industrial end-users, investors, and policymakers that turn a Mineral Resource into a financed mine.The stock that should benefit from that pipeline trades on the NASDAQ under the ticker GRML.For more information on Greenland Mines Ltd. (NASDAQ: GRML), visit equity-insider.com.Article Source: https://equity-insider.com/CONTACT:
EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group Inc. ("MIQ"). This article is being distributed by Equity-Insider.com on behalf of MIQ. MIQ has been paid a fee for Greenland Mines Ltd. advertising and digital media from Creative Digital Media Group ("CDMG"). There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not own any shares of Greenland Mines Ltd. but reserve the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, we have been paid for by CDMG, and we may own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Cautionary Note Regarding Forward-Looking StatementsThis publication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management team of Greenland Mines Ltd. and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. The Mineral Resource Estimates referenced in this publication were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established. You should carefully consider the foregoing factors and the other risks and uncertainties described in filings made with the SEC by Greenland Mines Ltd. from time to time, which may be found on the SEC's website at www.sec.gov.Logo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg View original content:https://www.prnewswire.com/news-releases/global-palladium-gold-platinum-market-gains-momentum-as-the-skaergaard-project-places-itself-in-the-eu-industrial-framework-302764399.htmlSOURCE Equity Insider Original: Global Palladium-Gold-Platinum Market Gains Momentum as the Skaergaard Project Places itself in the EU Industrial Framework
US Market News
1月前
The West Wants to Break China's Critical Minerals Stranglehold. This $68 Billion Greenland Deposit Just Locked In Three World-Class Consultants in Five Weeks.April 30, 2026 11:42 AM
PR Newswire (US)
Issued on behalf of Greenland Mines LtdCritical minerals supply chains have moved from analyst footnote to White House priority. Greenland Mines (NASDAQ: GRML) is positioning its Skaergaard Project — one of the world's largest undeveloped palladium-gold-platinum deposits — as a Western-aligned answer to a structural undersupply story that the major banks are now openly pricing into 2026.CHARLOTTE, N.C., April 30, 2026 /PRNewswire/ -- USA News Group News Commentary — In February 2026, the U.S. State Department hosted the 2026 Critical Minerals Ministerial — bringing together representatives of 54 countries and the European Commission to coordinate Western policy responses to critical minerals supply chain vulnerability. Earlier the same month, the Export-Import Bank approved a $10 billion Direct Loan for Project Vault, the most consequential single financing in EXIM's history, designed to establish a domestic strategic reserve for critical minerals. EXIM has issued $14.8 billion in Letters of Interest for critical minerals projects under the current administration. Government equity stakes have been taken in MP Materials, USA Rare Earth, Lithium Americas, Trilogy Metals, Vulcan Elements, and ReElement Technologies.
Against that policy backdrop, Greenland — the world's largest island, with a geological endowment that includes one of the largest known undeveloped palladium-gold-platinum deposits, alongside major rare-earth and uranium occurrences — has emerged as a strategic Western-aligned mining jurisdiction. And on April 27, 2026, Greenland Mines Ltd (Nasdaq: GRML) announced the appointment of SLR Consulting as Geological Consultant and Qualified Person for its Skaergaard Project — the latest in a five-week sequence of corporate developments that has built a world-class technical platform around what may be one of the most significant undeveloped Western precious metals deposits in decades.A Re-Rating PGM Cycle Is Now Visible in Bank ForecastsIn January 2026, Bank of America Global Research raised its 2026 platinum price forecast to $2,450 per ounce — up from $1,825 — and lifted its 2026 palladium forecast to $1,725 per ounce, up from $1,525. The bank cited persistent market deficits, the dislocations of PGMs from trade disputes keeping markets tight, and the launch of physically-backed platinum and palladium futures contracts on China's Guangzhou Futures Exchange (GFEX) in the second half of 2025 as supporting price action.On the supply side, the World Platinum Investment Council (WPIC) reports the platinum market entered a third consecutive year of supply deficit in 2025 with a shortfall of approximately 850,000 ounces, and projects that the deficit will persist through 2029 even as recycling supply grows by approximately 10% in 2026. Heraeus Precious Metals' 2026 forecast sees platinum trading in a $1,300-$1,800/oz range with deficit conditions narrowing but not closing. The 2025 platinum spot rally was approximately 127%."With strong demand for platinum group metals continuing, Bank of America raised its 2026 platinum price forecast to $2,450/oz from $1,825/oz and its 2026 palladium price forecast to $1,725/oz from $1,525/oz. The dislocations of PGMs from trade disputes are keeping markets tight, especially in the case of platinum."Meanwhile, the U.S. Department of Commerce has estimated a dumping margin of approximately 828% on unworked Russian palladium imports, following anti-dumping and countervailing duty petitions filed by Sibanye-Stillwater and the United Steelworkers Union. Russia is the world's largest palladium supplier, accounting for approximately 40% of global supply. Any imposition of tariffs on currently-unspecified Russian volumes could push U.S. domestic prices materially higher and reshape import economics for North American and European refining markets.Why This Greenland Story Stands Out Right NowGreenland Mines Ltd (Nasdaq: GRML) is a Nasdaq-listed company with two operating divisions: a Natural Resources segment focused on the Skaergaard Project in Southeast Greenland — one of the largest undeveloped palladium, gold, and platinum deposits in the world — and a Cell and Gene Therapy division including Klotho's KLTO-202 program for ALS. The Company holds, through its acquisition of Greenland Mines Corp., an 80% interest in Skaergaard plus an option to acquire the remaining 20%. The 2022 NI 43-101 Indicated and Inferred Mineral Resource is 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices.The differentiated story is not the resource size in isolation — junior PGM developers with large in-situ resources are rare but not unheard of. The differentiated story is the technical and strategic cadence assembled around it over the past five weeks.The Technical Team — Built in Five WeeksOn April 27, 2026, Greenland Mines appointed SLR Consulting as Geological Consultant and Qualified Person for the Skaergaard Project. SLR — with more than 5,000 employees across 140+ offices worldwide — is the same firm that prepared the latest NI 43-101 Technical Report on Skaergaard, effective November 22, 2022, including the current Mineral Resource Estimate. The Company has positioned the appointment as providing technical continuity and execution efficiency, with SLR specialists scheduled for a return site visit in late August or early September 2026 in connection with the planned summer field program.On April 23, 2026, the Company executed a framework agreement with GTK Mintec — the mineral processing and circular-economy pilot plant of the Geological Survey of Finland, located in Outokumpu, Finland. The facility runs approximately 100 projects per year and 8-12 industrial-scale pilot runs annually. The scope is comprehensive: advanced mineralogical characterization (MLA / QEMSCAN, EPMA), gold deportment, beneficiation testwork, hydrometallurgical testwork (chloride leaching, pressure oxidation, Kell-type, molten-salt processes), and pilot-scale processing using a 10-20 tonne bulk sample. Tailings and extractive-waste studies will be conducted on the SMARTTEST platform.GTK Mintec's scope explicitly extends beyond the primary palladium-gold-platinum deposit to evaluate critical metals optionality — including vanadium, gallium, germanium, titanium and iron recovery from vanadium-bearing titanomagnetite zones — as well as ore sorting and pre-concentration economics. The directional implication is that the eventual Skaergaard production scenario could be a multi-product operation rather than a single-commodity precious metals mine.Earlier in March, the Company engaged WSP Denmark for the full environmental impact assessment baseline program — the foundational regulatory work product required for project advancement under Greenlandic mining law.The Iceland Configuration: Mine in Greenland, Process in IcelandOn April 16, 2026, Greenland Mines announced a non-binding Letter of Intent with an Icelandic industrial site owner to evaluate establishment of a downstream processing hub in Iceland. Skaergaard sits approximately 450 km west of Iceland — within direct reach of one of the lowest-cost industrial-power jurisdictions in the developed world.According to the announcement, the LOI targets power costs potentially below US$0.03/kWh through Iceland's integrated geothermal and hydropower grid, with life-of-mine savings exceeding $1 billion against alternative on-site processing scenarios. The brownfield refurbishment approach uses existing buildings, deep-water harbor infrastructure, and grid connections — meaningfully reducing capital intensity versus greenfield development."Mine in Greenland. Process in Iceland. Sub-$0.03/kWh power. Life-of-mine savings exceeding $1 billion. The configuration aligns Skaergaard's development pathway with the broader strategic Western response to critical-minerals supply concentration risk."On April 2, 2026, the Company's Greenlandic subsidiary Major Precious Greenland A/S joined the Greenland Business Association — a procedural milestone that formalizes the Company's on-the-ground operating presence and signals continued engagement with Greenlandic local commerce and stakeholder networks.The Policy Tailwind Has Become Direct CapitalFor most of the past decade, the "Western critical minerals push" has been a thesis of analyst reports and policy white papers more than a structural feature of capital markets. That has changed materially in the past 18 months.In 2025, the U.S. Department of Defense took an approximately 15% equity stake in MP Materials alongside a 10-year, $110 per kilogram price floor on its neodymium-praseodymium oxide product. In January 2026, the Trump administration took an equity position in USA Rare Earth through the Department of Commerce. The administration has now made critical-minerals equity stakes or stock-purchase rights in at least ten companies, with six of those concentrated in critical minerals.In February 2026, the U.S. State Department hosted the 2026 Critical Minerals Ministerial — bringing together representatives of 54 countries and the European Commission. The ministerial coincided with EXIM Bank's approval of the $10 billion Project Vault Direct Loan for a domestic strategic reserve, plus $14.8 billion in critical-minerals-related Letters of Interest issued under the current administration.The thesis has moved from analyst footnote to balance-sheet reality. The capital is being deployed. The companies positioned in Western jurisdictions with Western-aligned ownership structures — particularly those addressing high-priority commodity gaps like PGMs and heavy rare earths — sit at the intersection of two structural tailwinds at once.Critical Minerals & Strategic Reshoring — Comparable SetFor investors evaluating exposure to the Western critical minerals reshoring thesis, a defined U.S.-listed comparable set has emerged in the past 18 months. Each name below has reported material newsflow within the past month tied to the same policy and capital-cycle dynamics that support Greenland Mines' positioning.Critical Metals Corp. (NASDAQ: CRML)Critical Metals Corp. is the closest geographic and structural comp to Greenland Mines — also Greenland-focused, also Nasdaq-listed, also an early-stage developer. On April 17, 2026, the Government of Greenland approved the transfer of the remaining 50.5% interest in the Tanbreez Mining Greenland A/S to Critical Metals Corp., bringing total ownership to 92.5% of one of the world's largest heavy rare earth deposits. The stock surged approximately 23.6% on the news, lifting market capitalization to roughly $1.4 billion. In March 2026, the Company approved a $30 million acceleration program targeting first ore production Q4 2028 / Q1 2029. CRML carries a $120 million Letter of Intent from EXIM Bank and a Texas Capital Buy rating with a $20 price target initiated April 2026 — implying material upside from recent share price levels.MP Materials Corp. (NYSE: MP)MP Materials operates the Mountain Pass rare-earth mine and processing facility in California — the only commercial-scale rare-earth mine in the U.S. and one of only two large-scale light rare-earth production facilities outside China. The Company is the most direct beneficiary of the U.S. critical minerals onshoring push, with the Department of Defense holding an approximately 15% equity stake and a 10-year price floor of $110 per kilogram on its NdPr oxide. In February 2026, MP announced selection of Northlake, Texas for a $1.25 billion rare earth magnet manufacturing facility. On April 20, 2026, Wedbush initiated coverage with an Outperform rating and $90 price target. FY2025 revenue was $275.5 million, up 35% year-over-year.USA Rare Earth, Inc. (NASDAQ: USAR)USA Rare Earth is developing the Round Top Mountain heavy rare-earths and critical minerals project in West Texas, alongside a high-powered magnet manufacturing facility in Stillwater, Oklahoma. The Trump administration took an equity stake in USAR in January 2026 through the Commerce Department — the first such government investment in heavy rare earths. The Round Top mining and processing project is targeted for opening by end of 2028, accelerated approximately two years ahead of prior projections. USA Rare Earth's acquisition of U.K.-based Less Common Metals provides a processing and metal-making hub outside China.Energy Fuels Inc. (NYSE American: UUUU)Energy Fuels operates the White Mesa Mill in Utah — the only operating conventional uranium mill in the United States — and has expanded into rare earth element processing through the same facility. The Company processes monazite ore feed into separated rare earth oxides, positioning it as the only integrated U.S. uranium-and-rare-earth processor currently in commercial production. Energy Fuels' diversified strategic-minerals exposure — uranium, vanadium, and rare earth elements — provides a different angle on the same Western-onshoring thesis.NioCorp Developments Ltd. (NASDAQ: NB)NioCorp is advancing the Elk Creek Critical Minerals Project in Nebraska — one of the largest known reserves of niobium, scandium, and titanium in North America, plus rare earth potential. The Company holds a Letter of Interest from the U.S. EXIM Bank for up to $800 million in financing support, and the project is included in the U.S. Department of Energy's critical minerals strategy. The strategic logic mirrors Greenland Mines' positioning — a Western-jurisdiction developer addressing critical commodity supply gaps with structural government policy support.Investor Q&A: Three Questions on the Greenland Mines ThesisQ: Why does Greenland's jurisdiction matter for Western critical minerals supply chains?A: Greenland combines a tier-one geological endowment (PGMs, heavy rare earths, uranium) with a modern regulatory regime aligned with NATO partner Denmark — and direct U.S. strategic interest, including the February 2026 Critical Minerals Ministerial that brought together 54 countries. It is one of the few large-scale, Western-aligned mining jurisdictions outside North America with the geological scale to materially shift supply concentration risk.Q: What does the Iceland processing configuration unlock that on-site processing in Greenland can't?A: Industrial power at potentially below US$0.03/kWh through Iceland's integrated geothermal and hydropower grid, brownfield capex versus greenfield buildout, and life-of-mine savings exceeding $1 billion against alternative on-site processing scenarios. The configuration also positions output to flow directly into North American and European refining markets. The Iceland LOI is non-binding and subject to negotiation of definitive agreements.Q: How do recent U.S. government equity stakes in critical minerals companies frame the opportunity for Western-aligned developers?A: The federal government has taken positions in at least ten companies under the current administration — including a 15% DoD stake in MP Materials and a Commerce Department stake in USA Rare Earth — alongside the $10 billion EXIM Project Vault Direct Loan and $14.8 billion in critical minerals Letters of Interest. Companies in Western jurisdictions addressing high-priority commodity gaps now sit at the intersection of re-rating commodity cycles and direct government capital. Government investment programs are subject to political and budgetary risk.What to Watch From HereThree near-term catalysts will define how the Greenland Mines story develops. First, the 2026 summer field program at Skaergaard — including the SLR site visit scheduled for late August or early September — will provide the technical foundation for the next stage of NI 43-101 work and resource definition. Second, the GTK Mintec metallurgical and pilot-plant program will produce the first integrated processing flowsheet results, including critical metals recovery economics and bulk-sample concentrate characteristics. Third, the Iceland LOI may convert to a binding agreement, formalizing the North Atlantic processing corridor configuration.For investors evaluating exposure to the Western critical minerals onshoring thesis, the comparable set above (CRML, MP, USAR, UUUU, NB) represents the established U.S.-listed jurisdiction comparables. Greenland Mines represents the early-stage PGM-heavy component of the same broader thesis — a different angle on the same underlying policy and capital cycle.For more information on Greenland Mines Ltd, visit www.greenlandmines.com or the investor profile at usanewsgroup.com/grml-profile/.CONTACT:USA News Group
US Market News
1月前
Greenland Mines Appoints SLR Consulting as Geological Consultant and Qualified Person for SkaergaardApril 27, 2026 8:30 AM
PR Newswire (US)
CHARLOTTE, N.C., April 27, 2026 /PRNewswire/ -- Greenland Mines Ltd (Nasdaq: GRML) ("Greenland Mines" or the "Company") announces the appointment of SLR Consulting ("SLR") as geological consultant and Qualified Person for the Company's Skaergaard Project in East Greenland. The appointment further strengthens Greenland Mines' technical platform as the Company advances Skaergaard through its next stage of work and continues to assemble a high-caliber team of specialist advisors across geology, metallurgy, mine engineering, environmental studies, and project development.
Bo Møller Stensgaard, Greenland Mines President, commented, "The appointment of SLR Consulting as geological consultant and Qualified Person for the Skaergaard Project provides a major advantage for Greenland Mines in that SLR already knows Skaergaard well through its earlier work on the Project, including the latest NI 43-101 Technical Report and the 2022 Mineral Resource Estimate."SLR is a highly respected international consultancy with deep technical capabilities and has assembled a strong team of specialists who can contribute across several important aspects of Skaergaard's continued advancement. They will serve both as geological consultant and Qualified Person and also are expected to play a broader technical role in shaping the next phase of Skaergaard's development. This includes support for mining operations definition, mining methods, mine planning, metallurgy, processing flowsheet development and mine engineering work, in coordination with GTK Mintec, WSP and the rest of the Greenland Mines technical team."We believe this gives Skaergaard a particularly strong and integrated technical foundation as we move into the 2026 field season and as we continue to systematically unlock the full potential of Skaergaard."SLR is a well-established international consultancy with a strong reputation across mining advisory, technical reporting, engineering, and sustainability services. SLR has more than 5,000 employees across more than 140 offices worldwide, while its mining advisory practice spans exploration, Mineral Resource and Mineral Reserve work, mine engineering, metallurgy, due diligence and technical studies across the mining lifecycle.For Greenland Mines, the appointment is especially valuable because SLR already has direct familiarity with the Skaergaard Project. SLR Consulting Canada Ltd. prepared the latest NI 43-101 Technical Report on Skaergaard, effective November 22, 2022, including reporting of the current Mineral Resource Estimate.The Company believes that SLR's prior involvement, previous site visits and established understanding of geology and mineralization, as well as the recent and historical amount of data and project setting, will support efficient execution and strong technical continuity as work progresses.Under the current framework, SLR will support Greenland Mines across a broad range of geological, technical and project-advancement activities, including resource definition-related work, drill and bulk-sample planning, project database development, mining and development roadmap work, and input into mining methods, mine planning, metallurgy, processing flowsheet definition and mine engineering studies intended to help advance Skaergaard toward future technical milestones. The agreement also contemplates a return site visit by SLR specialists in late August or early September 2026 in connection with the Company's planned summer field activities.Greenland Mines also expects SLR to work closely with the other leading consultants already engaged on the Project. This includes GTK Mintec, in relation to metallurgical and processing flow sheet and pilot test work, and WSP, who's previously announced environmental baseline mandate forms part of the broader technical work program around Skaergaard. The Company believes this combination creates an unusually strong and complementary team of advisors for the Project, bringing together expertise across geology, metallurgy, infrastructure, environmental work and development planning.About Greenland Mines LtdGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits in the world; and 2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. The Company holds, through its recent acquisition of Greenland Mines Corp., an 80% interest in, and option to acquire the remaining 20% of, the Skaergaard Project, which hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The Company is led by an experienced team of mining, geological, biotech, and capital markets professionals.Forward-Looking StatementsThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company's future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company's inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.The Mineral Resource Estimates referenced in this press release were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.Investor Contact and Corporate Communications:
ir@greenlandmines.com
Website: www.greenlandmines.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-mines-appoints-slr-consulting-as-geological-consultant-and-qualified-person-for-skaergaard-302753791.htmlSOURCE Greenland Mines Ltd
Original: Greenland Mines Appoints SLR Consulting as Geological Consultant and Qualified Person for Skaergaard
US Market News
2月前
Greenland Mines Subsidiary Major Precious Greenland A/S Joins Greenland Business AssociationApril 2, 2026 12:00 PM
PR Newswire (US)
Enhances stakeholder engagement and supports long-term project development in GreenlandCHARLOTTE, N.C., April 2, 2026 /PRNewswire/ -- Greenland Mines Ltd (Nasdaq: GRML) ("Greenland Mines" or the "Company"), through its 80%-owned Greenlandic subsidiary Major Precious Greenland A/S ("MPG"), announces that MPG has become a member of Greenland Business Association (Sulisitsisut), the leading organization representing businesses across Greenland.
"Our subsidiary Major Precious Greenland A/S joining Greenland Business Association is another concrete step in building a strong, long-term presence in Greenland. We are not just bringing high-quality projects; we want to be an active part of the Greenlandic business community and contribute to sustainable economic development as an active and trusted partner," said Greenland Mines President Bo Moller Stensgaard. "Through Greenland Business Association, we gain a valuable forum for dialogue with Greenlandic companies, organizations, and decision-makers. This will help us shape projects that create lasting value for Greenland, while meeting the expectations of local communities, employees, partners, and our global investor base."Greenland Business Association is an independent employers' and business organization working to promote competitive and sustainable economic development and a strong framework for private enterprises operating in Greenland. By joining the Association, Greenland Mines and its subsidiary strengthen their local profile and embeds themselves deeply in the national dialogue on responsible resource development, employment, and long-term value creation in Greenland.Strengthening local presence and dialogueMembership of Greenland Business Association provides Greenland Mines, through its subsidiary, with a structured platform to engage with Greenlandic companies, politicians, and community partners across a wide range of sectors. These include mining, energy, logistics, construction, services and tourism. Through this network, the Company aims to:Contribute actively to discussions on responsible mineral resource development and long-term economic opportunities in GreenlandBuild and deepen relationships with Greenlandic suppliers, contractors, and service providersSupport knowledge sharing on best practices in areas such as health and safety, environment, labor standards, and community relationsFor Greenland Mines, this step complements its technical and environmental work, underlining the Company's commitment to building its Skaergaard Au-Pd-Pt and critical metal project in close cooperation with Greenlandic stakeholders and institutions.Supporting long-term value creation in GreenlandGreenland Business Association works to improve the general business environment in Greenland, including issues such as infrastructure, education and skills, taxation and regulation, and access to labor and capital. As part of the Association, the Company will have the opportunity to participate in working groups and policy discussions that are directly relevant to the development of large-scale, long-life industrial projects such as a potential advanced mineral operation at the Skaergaard Au-Pd-Pt and critical metal project in East Greenland.The Company believes that early and proactive involvement in Greenland's business community will help ensure that future activity around projects such as Skaergaard can maximize local participation, employment, and supply-chain development, while maintaining high standards for environmental and social performance.Christian Keldsen, Director, Greenland Business Association, added, "We are pleased to welcome Major Precious Greenland A/S and its parent company Greenland Mines Ltd into Greenland Business Association. Mining, when developed responsibly, can play an important role in diversifying Greenland's economy, creating jobs and building new business opportunities for Greenlandic companies."Seeing a NASDAQ-listed company invest in Greenland and commit to working within our business community is a positive signal to both local and international stakeholders. Greenland is open for business and investments. We look forward to a constructive collaboration with Greenland Mines as they progress their Skaergaard Au-Pd-Pt and critical metal project and as we jointly work to attract sustainable investment and development to Greenland," concluded Mr. Keldsen.About Greenland Mines LtdGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits in the world; and 2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. The Company holds, through its recent acquisition of Greenland Mines Corp., an 80% interest in, and option to acquire the remaining 20% of, the Skaergaard Project, which hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The Company is led by an experienced team of mining, geological, biotech, and capital markets professionals.Forward-Looking StatementsThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company's future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company's inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.The Mineral Resource Estimates referenced in this press release were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.Investor Contact and Corporate Communications:
ir@greenlandmines.comWebsite: www.greenlandmines.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-mines-subsidiary-major-precious-greenland-as-joins-greenland-business-association-302733050.htmlSOURCE Greenland Mines Ltd
Original: Greenland Mines Subsidiary Major Precious Greenland A/S Joins Greenland Business Association
US Market News
3月前
Greenland Mines Engages WSP Denmark to Launch Comprehensive Environmental Baseline Program at Skaergaard Mining SiteMarch 19, 2026 12:05 PM
PR Newswire (US)
Engagement supports exploitation license pathway while advancing responsible, large-scale development of the Skaergaard ProjectCHARLOTTE, N.C., March 19, 2026 /PRNewswire/ -- Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) is pleased to announce that it has entered into a consultancy agreement with WSP Danmark A/S ("WSP Denmark"), part of the global WSP group, to design and implement a full Environmental Impact Assessment ("EIA") baseline program at the Company's Skaergaard Gold-Palladium-Platinum and Critical Metal Project in eastern Greenland.Under the terms of the agreement, WSP Denmark will provide technical advice and assistance related to baseline surveys for the EIA, support the development of the Terms of Reference ("ToR"), and prepare the EIA report required for an exploitation license application to the Government of Greenland (Naalakkersuisut). This is structured to align with Government of Greenland's updated exploitation permitting framework from 2025. "Formalizing our collaboration with WSP Denmark is the key component to launching this comprehensive environmental baseline program at Skaergaard well ahead of statutory requirements. This is a clear statement of our intent: we are building Skaergaard for the long term, and we will only do so in a way that meets the highest environmental standards and expectations in Greenland," said Greenland Mines President Bo Moller Stensgaard. "WSP's deep Arctic experience, their strong track record on mining EIAs in Greenland, and their access to global mining and processing expertise provides the exact technical foundation to complete this stage of the project. Coupled with Skaergaard's scale and strategic metals profile, this work marks an important step on our fast, but responsible, development trajectory."Strong Platform for Exploitation License
The work program with WSP Denmark is designed to meet the environmental requirements associated with the Company's planned exploitation license application, including Terms of Reference ("ToR") preparation, environmental baseline data collection, and the drafting of a compliant EIA for public consultation and regulatory approval.By initiating the environmental work, Greenland Mines is both accelerating the Skaergaard development and permitting process and demonstrating a strong, long-term commitment to responsible development in Greenland.Two-Year Arctic Environmental Baseline ProgramAs part of the EIA, which must be submitted after the granting of an Exploitation License, Greenlandic authorities typically require at least two years of prior biological baseline surveys covering the full project area and realistic development alternatives. The work program in 2026 and 2027 intend to cover this requirement.WSP Denmark's scope for Skaergaard includes:Installation of automated weather stations (near the Sødalen airstrip and the potential site for infrastructure, harbor and processing facilities at site) to continuously record temperature, wind, precipitation and humidity, with satellite data transmissionEstablishment of hydrological monitoring stations on key rivers to measure water levels and flows, supporting assessments of water use for processing and tailings managementExtensive terrestrial and marine baseline work, including vegetation and habitat mapping, systematic observations of mammals and birds, and dedicated sea mammals monitoring via several marine submerged hydrophone stationsCollection of biological and environmental samples for archiving in the Greenland Mineral Resources Environmental Sample Bank, following updated Greenlandic sampling guidelinesDetailed marine seabed characterization using submerged underwater Remote Operated Vehicle video and grab sampling in areas relevant to potential sites for harbor and other facilitiesA comprehensive baseline report will be delivered after the 2026 campaign, with a final baseline report, and in parallel approvement of ToR and first draft EIA targeted after completion of the 2027 program.About WSP Denmark – Arctic and Mining Expertise with Global ReachWSP Denmark brings extensive Arctic environmental and permitting experience, including multiple mining and infrastructure projects in Greenland and the broader North Atlantic region, and operates within WSP's global platform of mining, processing and environmental specialists. This combination allows Greenland Mines to access both local Greenlandic and international best practice in areas such as mine design, water management, tailings, biodiversity, climate resilience and closure planning.About Skaergaard – a Unique Precious and Strategic Metals OpportunityThe Skaergaard intrusion is recognized as one of the world's largest undeveloped resources of gold-palladium-platinum, with additional metals that are increasingly important to energy transition, defense application and high-technology supply chains.While the project area has benefitted from decades of geological, resource and academic work, historical environmental datasets are relatively limited, making the current, large-scale baseline program a critical enabler for responsible, long-life mine development.About Greenland Mines Ltd Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits in the world; and 2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. The Company holds, through its recent acquisition of Greenland Mines Corp., an 80% interest in, and option to acquire the remaining 20% of, the Skaergaard Project, which hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The Company is led by an experienced team of mining, geological, biotech, and capital markets professionals.Forward-Looking StatementsThis press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company's future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company's inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC") from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.The Mineral Resource Estimates referenced in this press release were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.Investor Contact and Corporate Communications:
ir@greenlandmines.comWebsite: www.greenlandmines.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/greenland-mines-engages-wsp-denmark-to-launch-comprehensive-environmental-baseline-program-at-skaergaard-mining-site-302718984.htmlSOURCE Klotho Neurosciences, Inc.
Original: Greenland Mines Engages WSP Denmark to Launch Comprehensive Environmental Baseline Program at Skaergaard Mining Site