Greenland Mines (NASDAQ: GRML) announced it has awarded a diamond drilling contract to Nordisk Fundering A/S for the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland. The planned program includes approximately 7,500 meters of helicopter-supported diamond core drilling aimed at advancing resource categories, collecting additional metallurgical material, and supporting geotechnical studies for potential future open-pit development scenarios.
The integrated campaign will utilize three helicopter-portable drill rigs and will generate geological, metallurgical, and engineering data to support mine planning and broader development studies. The company noted that Nordisk Fundering’s Arctic and geotechnical drilling experience is expected to enhance execution of the program, which will run alongside ongoing metallurgical and processing work being conducted with GTK Mintec to support future economic evaluations of the Skaergaard project. For more details, see the full press release here.
The Skaergaard project is one of the world’s largest undeveloped palladium, platinum, and gold resources, and it also contains critical metals such as copper and rare earth elements. This drilling campaign is crucial for moving the project toward feasibility and eventual production, which could reduce Western reliance on Chinese-dominated supply chains for critical minerals. The announcement comes as demand for precious and critical metals rises, driven by clean energy technologies and defense applications.
Greenland Mines is a Nasdaq-listed company with two operating divisions: 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 neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and Biotech, including Klotho’s KLTO‑202 primary indication for ALS. The company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure. For the latest news and updates, visit the company’s newsroom here.
This drilling contract marks a significant milestone for Greenland Mines as it progresses the Skaergaard project toward development. The data collected will feed into metallurgical and processing studies with GTK Mintec, supporting future economic evaluations. The project’s advancement is closely watched by investors and policymakers given its potential to supply critical metals for Western industries.
