Greenland Mines Ltd. (Nasdaq: GRML)

Greenland Mines Reports 36–44% PdEq Grade Uplift and +31% Increase in Indicated PdEq Ounces at its Skaergaard Gold, Palladium, Platinum Project in First S-K 1300 Technical Report Summary

Updated 2026 MRE reflects strong grade and contained-metal increases versus 2022 baseline; S-K 1300 conversion establishes U.S. regulatory foundation as Company advances toward Initial Assessment

CHARLOTTE, N.C.July 15, 2026 (GLOBE NEWSWIRE) — via IBN – Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”) is pleased to report that SLR Consulting (Canada) Ltd. (“SLR”), the Company’s independent Qualified Person, has completed a Technical Report Summary (“TRS”) for the Skaergaard precious and critical metals project in southeast Greenland. The TRS conforms to the requirements of the U.S. Securities and Exchange Commission’s (“SEC”) Modernized Property Disclosure Requirements for Mining Registrants under Subpart 229.1300 of Regulation S-K (“S-K 1300”) and represents the first S-K 1300-compliant report prepared for Skaergaard.

The TRS incorporates an updated Mineral Resource Estimate (“2026 MRE”) with an effective date of July 3, 2026. Against the November 2022 NI 43-101 baseline (the “2022 MRE”), the new 2026 MRE reflects:

  • +31% increase in Indicated PdEq contained metal:
    from 11.41 Moz to 15.00 Moz PdEq
  • +24% increase in Inferred PdEq contained metal:
    from 14.11 Moz to 17.49 Moz PdEq
  • +36% increase in Indicated PdEq grade:
    from 2.23 g/t to 3.04 g/t PdEq
  • +44% increase in Inferred PdEq grade:
    from 2.14 g/t to 3.07 g/t PdEq

The 2026 MRE, prepared by SLR Consulting under the SEC’s S-K 1300 standard, confirms Skaergaard as one of the largest undeveloped palladium, gold and platinum resources in the western world – at a moment when palladium supply chains are under structural pressure, and Greenland has emerged as a priority jurisdiction for allied-nation critical mineral strategies. The grade and contained-metal improvements recorded in the 2026 MRE are driven by both a more robust geological model and metal prices that now reflect the market reality of 2026, including gold at US$3,500/oz.

Comment from President of Greenland Mines Ltd, Dr, Bo Møller Stensgaard:

“This is a genuine and material step forward for Skaergaard. We have taken the 2022 mineral resource – already substantial – applied current gold and palladium prices and an improved block model methodology that better reflects the true geometry of the deposit, and the result is a resource that is more than 31 percent larger in Indicated PdEq ounces with a grade 36 percent higher.

“That is a material upgrade in the economic quality of what Skaergaard holds. And critically, this is just the platform. The S-K 1300 conversion gives us the regulatory foundation to move directly into an Initial Assessment, which will, for the first time, formally evaluate what an open-pit scenario looks like at Skaergaard alongside underground options.

“With our 2026 field team on the ground for our summer campaign, adding new drilling data, bulk sampling for metallurgical test and pilot plant work, geotechnical measurements, engineering studies, environmental baseline studies and other investigations, we are building the technical inputs needed for an Initial Assessment – the S-K 1300 equivalent of a Preliminary Economic Assessment – in real time.

“Skaergaard is advancing fast – this release is proof of that. The resource is bigger, the grade is higher, and the next chapter starts now.”

The Company notes that the S-K 1300 conversion is the first required step in placing Skaergaard on a U.S. regulatory reporting foundation. It allows Greenland Mines to reference the prior body of technical work within the S-K 1300 framework and lays the groundwork for the next stage of study: an Initial Assessment (“IA”) – the S-K 1300 equivalent of a Preliminary Economic Assessment (“PEA”) – which will integrate potential open-pit and underground mining scenarios for the deposit.

UPDATED MINERAL RESOURCE ESTIMATE 2026 FOR SKAERGAARD

S-K 1300 Mineral Resource Table – Skaergaard Project
Effective Date: July 3, 2026
Prepared by: SLR Consulting (Canada) Ltd. / Philip A. GeusebroekM.Sc., P.Geo.
  Category

Mineralized
Horizon

Area

Tonnage
(Mt)

Grade
(g/t)
Contained Metal
(Moz)
PdEqPdAuPtPdEqPdAuPt




Indicated





H5North0.2  5.030.272.220.040.030.000.010.00
 Main18.3  5.240.582.160.073.090.341.270.04
H3North3.9  3.420.431.380.050.430.050.170.01
 Main39.0  3.020.811.020.063.791.011.270.07
H0North18.8  2.642.130.160.151.601.290.100.09
 Main73.3  2.572.070.150.166.064.870.350.39
Total IndicatedAll153.6  3.041.530.650.1215.007.573.190.60
 





Inferred






H5North34.9  3.900.611.520.064.380.681.710.07
H3North13.8  3.421.161.010.111.510.510.440.05
 Main39.1  3.190.781.110.054.010.991.390.06
H3_L1North0.1  3.640.511.460.040.010.000.010.00
 Main8.3  3.170.951.010.070.850.250.270.02
H0North15.1  2.521.920.210.141.220.930.100.07
 Main66.2  2.592.060.170.165.514.380.350.33
 Total Inferred  All177.5  3.071.360.750.1117.497.754.280.60

Notes:

  1. The definitions for Mineral Resources in S-K 1300 were followed for Mineral Resources, which are consistent with CIM (2014) definitions.
  2. The Mineral Resource estimate is reported on a 100% ownership basis.
  3. Mineral Exploration Licences MEL 2007-01, MEL 2012-25, and MEL 2021-10 that comprise the Project are 100% owned by Major Precious Greenland A/S (MPG), which is 80% owned by Greenland Mines Ltd (GRML) and 20% owned by Intrusion Precious Metals Corp. (IPMC). MEL 2007-01 covers the Skaergaard Intrusion, the main host of the Skaergaard deposit. Areas ‘North’ and ‘Main’ are separated by the northern lateral moraine of the Forbindelses Glacier, at approximately 7,563,500N
  4. Mineral Resources are reported on an in situ basis, applying factors for mining dilution, mining losses, and process losses. Net Smelter Return (NSR) calculations assume underground mining costs of US$32.17/t, processing costs of US$35/t, and general and administration (G&A) costs of US$16.67/t. NSR is calculated using the formula NSR Value = (91.83 * g/t Au) + (40.68 * g/t Pd) + (42.63 * [g/t Pt).
  5. Mineral Resources are reported at an NSR cut-off value of US$84 per tonne.
  6. Mineral Resources are estimated using long-term prices of US$3,500/oz Au, US$1,725//oz Pd, and US$2,100/oz Pt, and assume metallurgical recoveries of 86% Pd, 89% Au, and 80% for Pt, and standard commercial terms for a precious metals concentrate.
  7. A minimum mining width of 2.0 m was used. NSR for thicknesses less than 2.0 m was factored to 2.0 m to represent dilution.
  8. PdEq grades were calculated using the formula PdEq (g/t) = g/t Pd + (2.258 * g/t Au) + (1.048 * g/t Pt).
  9. Reasonable prospects for economic extraction (RPEE) were satisfied by constructing polygons using blocks above the NSR cut-off value for thicknesses greater than 2.0 m and NSR cut-off value factored to 2.0 m to represent dilution where thicknesses are less than 2.0 m. RPEE included a visual check on the geometry and spatial continuity of the mineralization.
  10. The Main area includes material south of the northern edge of the Forbindelses Glacier and under the glacier, and the North area includes material to the north of the Forbindelses Glacier.
  11. Bulk density is 3.12 t/m3.
  12. Numbers may not add due to rounding.

SAME ROCK, MORE VALUE: THE METHODOLOGY AND PRICE DRIVERS BEHIND THE UPGRADE

The 2026 MRE draws on the same drill database as the 2022 MRE – 93 diamond drill holes and 30 channel samples, totaling 42,050 meters of drilling and 1,409 meters of channel sampling completed between 1989 and 2021. Three important changes were made:

  1. Updated metal prices and a new NSR-based cut-off grade. The 2022 MRE used a 1.43 g/t PdEq cut-off based on metal prices of US$1,725/oz Pd, US$1,800/oz Au and US$1,250/oz Pt. The 2026 MRE applies an NSR cut-off of US$84/ton using updated assumptions – including gold at US$3,500/oz – that more accurately reflect the current market environment. This is the primary driver of the higher reported grades.

  2. Adoption of an industry-standard block model in place of the Deswik (mining software) panel methodology. SLR’s Qualified Person determined that the flat-panel geometry of the Deswik methodology was poorly suited to the shallow bowl-shaped geometry of the Skaergaard deposit, causing excess dilution that pushed material below cut-off. SLR reverted to the standard block model with inverse-distance-cubed (ID3) grade interpolation – the same interpolation used in the 2022 model – combined with an NSR × thickness (“GRTHK”) classification threshold. This removes a source of artificial dilution and better honors the true geometry of the mineralized horizons.

  3. Updated resource classification boundaries. Classification boundaries were updated using SLR’s best-practice drill-spacing-based NSR approach, consistent with standard industry practice and aligned with a future bulk-mining context. The 2.0 m minimum thickness criteria were adapted to use the new NSR block and cut-off values. NSR for thicknesses less than 2.0 m was factored to 2.0 m to represent dilution.

2022 MRE vs. 2026 MRE COMPARISON
CategoryMetric2022 MRE
(NI 43-101)
2026 MRE
(S-K 1300)
Change

Indicated


Tonnage (Mt)158.95  153.6  -3.4%  
Grade PdEq (g/t)2.23  3.04  +36.3%  
PdEq (Moz)11.41  15.00  +31.5%  

Inferred


Tonnage (Mt)205.42  177.5  -13.6%  
Grade PdEq (g/t)2.14  3.07  +43.5%  
PdEq (Moz)14.11  17.49  +24.0%  


The modest reduction in tonnage reflects the tighter economic cut-off at current metal prices and the removal of low-grade dilution from the prior panel model. The result is a higher-grade, higher-confidence resource that more accurately represents the underlying mineralization.

The combination of updated metal prices – including gold at US$3,500/oz – and an improved geological model that removes artificially dilutive material from the prior estimate has produced a leaner but substantially more valuable resource: fewer tons, but with a higher NSR value per ton mined, a stronger grade profile, and more contained PdEq metal in total. In mining terms, the 2026 MRE describes a more economically robust rock inventory than its 2022 predecessor.

Notably, the 2026 MRE was modelled using underground mining cost assumptions. As the Company advances evaluation of a potential initial open-pit scenario – targeting near-surface mineralization on the northern plateau area of the deposit – there is a clear pathway to an even more favorable cost structure that would further enhance the economic case for Skaergaard.

S-K 1300 – THE FOUNDATION FOR THE NEXT PHASE
This S-K 1300 TRS represents the starting point of a new regulatory and development chapter for Skaergaard. The conversion:

  • Establishes the deposit’s Mineral Resources under the SEC’s current reporting standard, providing investors with disclosure directly comparable to peer companies reporting under S-K 1300;
  • Creates a compliant technical foundation from which the Company can proceed to an Initial Assessment (“IA”) – the S-K 1300 equivalent of a Preliminary Economic Assessment (“PEA”); and
  • A key focus of the IA will be the evaluation of an initial open-pit mining scenario for the northern plateau area, where Gold, Palladium and Platinum mineralization occurs at or near surface. An open-pit first approach would typically offer materially lower capital and operating costs than an underground operation, potentially shortening the timeline to first production and improving early-stage project economics.

The 2026 field program includes drilling, bulk sampling, mapping, geotechnical work and a much-improved digital terrain model on the northeastern plateau and towards the west – areas identified in the TRS as having near-surface open-pit potential. Results from the 2026 season will serve as inputs to the planned IA, including the evaluation of the open-pit scenarios, alongside updated engineering, metallurgical and infrastructure studies being advanced by the Company’s technical partners.

ABOUT THE SKAERGAARD PROJECT

Skaergaard is one of the world’s largest undeveloped palladium, gold and platinum deposits. The deposit is hosted in the Triple Group of the Skaergaard layered mafic igneous intrusion in southeast Greenland, approximately 400 km west of Iceland, with fjord access and an existing nearby gravel airstrip. The mineralization consists of seven stratiform horizons (H0 to H6) within the upper 90 m of the Middle Zone, each typically 2 to 5 m thick. The deposit also contains elevated levels of titanium, vanadium and gallium in the surrounding iron-oxide sequence, representing potential by-product credits subject to further technical evaluation.

Skaergaard sits within what the Company has defined as its North Atlantic Critical Metals Corridor – a geostrategic position in East Greenland, approximately 400 km west of Iceland and with direct sheltered deep-water fjord access, that aligns the project with western allied-nation critical mineral supply strategies at a time of accelerating demand for secure, western-world sources of palladium and platinum group metals.

Greenland Mines, through its subsidiary Major Precious Greenland A/S, holds an 80% interest in and option to acquire the remaining 20% of the three Mineral Exploration Licenses covering the Skaergaard Project.

QUALIFIED PERSON STATEMENT
The 2026 Mineral Resource Estimate was prepared by an independent Qualified Person, as defined under S-K 1300, employed by SLR Consulting (Canada) Ltd. The SLR QP has reviewed and approved the technical content of this news release. The TRS will be filed as an exhibit with the SEC and made available on the Company’s website.

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 neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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 select midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate” and similar expressions. These forward-looking statements include, but are not limited to, statements regarding the expected benefits of the S-K 1300 conversion; the potential of the Skaergaard Project; the anticipated results of the 2026 field program; the timing and scope of an Initial Assessment; the potential to evaluate open-pit and underground mining scenarios; potential by-product credits from vanadium, gallium and titanium; and the Company’s North Atlantic Critical Metals Corridor strategy. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statement except as required by applicable law.

Investor Contact and Corporate Communications:
ir@greenlandmines.com
Website:
www.greenlandmines.com


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Source: Greenland Mines Ltd

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CHARLOTTE, N.C.July 07, 2026 (GLOBE NEWSWIRE) — via IBN — Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) is pleased to announce that Professor Wolfgang Maier and Associate Professor Kristoffer Szilas will join the Company’s 2026 field campaign at the Skaergaard precious and critical metals project in southeast Greenland as part of the geological exploration and development team.

Greenland Mines believes that adding these highly regarded researchers strengthens the project’s technical foundation and further deepens the link between decades of academic work on Skaergaard and the Company’s ongoing commercial exploration and development programs.

“Bringing Professor Maier and Associate Professor Szilas into the 2026 Skaergaard field campaign is a deliberate step to hard‑wire the very best global science into our exploration and development work. Their deep experience with layered intrusions and magmatic mineralizing systems will help us sharpen our geological models, improve the quality of data we collect this season and, ultimately, make better‑informed decisions as we advance Skaergaard as a strategic precious and critical metals asset,” said Dr. Bo Møller Stensgaard, President of Greenland Mines Ltd.

World‑class expertise in layered intrusions and magmatic ore deposits

Maier is a professor of Earth Sciences at Cardiff University and is widely recognized as a leading global authority on magmatic ore deposits and layered mafic‑ultramafic intrusions.

Over a career spanning EuropeAfricaAustralia and North America, Maier has published more than 150 peer‑reviewed papers, including multiple articles in high‑impact journals such as Nature and Proceedings of the National Academy of Sciences, and has been cited nearly 10,000 times. Maier has also served as a senior geological advisor or specialist consultant to several publicly listed mining and exploration companies, where he advised on large‑scale platinum group element, gold, nickel and copper projects in tier‑one districts.

“Skaergaard is internationally recognized as a key natural laboratory for understanding how layered intrusions form and host precious and critical metal mineralization. Based on the work completed to date, I see strong potential in the mineralization at Skaergaard, and I look forward to working with Greenland Mines’ team in the field to bring together the latest academic insights and the Company’s systematic exploration programs to advance this important project,” Maier said.

Maier has attracted more than $3 million in external research funding from foundations, mining companies, and geological surveys over the course of his career, underscoring sustained industry and institutional confidence in his work on magmatic ore deposits and layered intrusions.

Kristoffer Szilas is a prime Danish geologist and associate professor of Petrology at the University of Copenhagen and is a leading younger generation researcher focused on the geological evolution of Greenland and the formation of mineral deposits.

“Skaergaard stands out as one of the true geological jewels among Greenland’s mineralized intrusions,” said Szilas. “Working directly in the field with Greenland Mines’ team offers a rare opportunity to combine detailed academic work with systematic exploration to better understand, and responsibly evaluate, the mineralization at Skaergaard and its adjacent areas.”

Szilas’s work integrates petrology and geochemistry with particular emphasis on mineral deposit formation and the origins of ultramafic complexes and related plutonic suites. He has published widely on a range of Greenland‑hosted commodities including gold, platinum, chromium, nickel, rubies and anorthosite.

In addition to his academic credentials, Szilas brings extensive field experience from Greenland and mountaineering skills from more than a dozen major international expeditions to high‑relief terrains, which the Company believes will help the team gain first‑hand access to otherwise difficult‑to‑reach outcrops and sections in and around Skaergaard.

Both Maier and Szilas are deeply connected to the international research networks that, over many decades, have made Skaergaard one of the most studied layered intrusions in the world and a reference case in geology textbooks for understanding magma chamber processes, mineral layering and magmatic precious‑metal mineralization.

Greenland Mines believes that having Maier and Szilas actively involved in the 2026 field season will help ensure that the latest scientific insights, datasets, and conceptual models from this global research community are fully integrated into the Company’s own geological interpretations, targeting strategy and development plans for Skaergaard and the adjacent license areas.

In addition, Greenland Mines believes that the strong funding track records of Maier and Szilas enhance the Company’s ability to participate in and support externally funded research initiatives focused on Skaergaard and Greenland’s magmatic systems more broadly moving forward.

Integrated technical team for the 2026 Skaergaard season

The Company’s technical personnel for the 2026 Skaergaard season will include more than 40 specialists involved in geological, resource, engineering, metallurgical, technical and environmental studies, of which roughly a dozen will form the core geological team in the field.

Maier and Szilas will work as members of this team, alongside Greenland Mines’ in‑country leadership including President Dr. Bo Møller Stensgaard, Chief Geologist Dr. Jakob Kløve Keiding, Country Manager – Logistics and Studies Hans Jensen, and Community & Permitting Manager Robert Møller, and in coordination with the Company’s independent mining and engineering consultants and external partners such as GTK Mintec, SLR Consulting and WSP Denmark.

Greenland Mines believes that combining decades of academic research, including the extensive Skaergaard datasets recently synthesized in major scientific monographs, with systematic commercial work programs is essential to fully understand and responsibly develop what is widely regarded as one of the world’s classic layered intrusions.

By embedding leading magmatic and Greenland specialists directly into the field program, the Company aims to refine its geological models, improve the quality of data collected in 2026 and further de‑risk future decisions regarding resource evaluation, mine design concepts and broader development options at Skaergaard.

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 neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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 select midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

Forward‑Looking Statements

This press release contains forward‑looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward‑looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate” and similar expressions. These forward-looking statements include statements regarding the expected roles of Professor Maier and Associate Professor Szilas in the 2026 Skaergaard field campaign; the anticipated benefits of integrating academic research with commercial exploration and development programs; the scope and impact of the 2026 technical work; future resource evaluation, mine design concepts and development options at Skaergaard; and the Company’s broader North Atlantic Critical Metals Corridor vision. These statements are based on current expectations, assumptions and available information and are subject to a range of risks and uncertainties, including technical and logistical risks, weather and access constraints, permitting and regulatory requirements, funding availability, evolving environmental and social expectations and project execution risks, which could cause actual results to differ materially from those expressed or implied.

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 news release is as of the date of this news 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: www.greenlandmines.com

CHARLOTTE, N.C.July 07, 2026 (GLOBE NEWSWIRE) — via IBN — Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) is pleased to announce that Professor Wolfgang Maier and Associate Professor Kristoffer Szilas will join the Company’s 2026 field campaign at the Skaergaard precious and critical metals project in southeast Greenland as part of the geological exploration and development team.

Greenland Mines believes that adding these highly regarded researchers strengthens the project’s technical foundation and further deepens the link between decades of academic work on Skaergaard and the Company’s ongoing commercial exploration and development programs.

“Bringing Professor Maier and Associate Professor Szilas into the 2026 Skaergaard field campaign is a deliberate step to hard‑wire the very best global science into our exploration and development work. Their deep experience with layered intrusions and magmatic mineralizing systems will help us sharpen our geological models, improve the quality of data we collect this season and, ultimately, make better‑informed decisions as we advance Skaergaard as a strategic precious and critical metals asset,” said Dr. Bo Møller Stensgaard, President of Greenland Mines Ltd.

World‑class expertise in layered intrusions and magmatic ore deposits

Maier is a professor of Earth Sciences at Cardiff University and is widely recognized as a leading global authority on magmatic ore deposits and layered mafic‑ultramafic intrusions.

Over a career spanning EuropeAfricaAustralia and North America, Maier has published more than 150 peer‑reviewed papers, including multiple articles in high‑impact journals such as Nature and Proceedings of the National Academy of Sciences, and has been cited nearly 10,000 times. Maier has also served as a senior geological advisor or specialist consultant to several publicly listed mining and exploration companies, where he advised on large‑scale platinum group element, gold, nickel and copper projects in tier‑one districts.

“Skaergaard is internationally recognized as a key natural laboratory for understanding how layered intrusions form and host precious and critical metal mineralization. Based on the work completed to date, I see strong potential in the mineralization at Skaergaard, and I look forward to working with Greenland Mines’ team in the field to bring together the latest academic insights and the Company’s systematic exploration programs to advance this important project,” Maier said.

Maier has attracted more than $3 million in external research funding from foundations, mining companies, and geological surveys over the course of his career, underscoring sustained industry and institutional confidence in his work on magmatic ore deposits and layered intrusions.

Kristoffer Szilas is a prime Danish geologist and associate professor of Petrology at the University of Copenhagen and is a leading younger generation researcher focused on the geological evolution of Greenland and the formation of mineral deposits.

“Skaergaard stands out as one of the true geological jewels among Greenland’s mineralized intrusions,” said Szilas. “Working directly in the field with Greenland Mines’ team offers a rare opportunity to combine detailed academic work with systematic exploration to better understand, and responsibly evaluate, the mineralization at Skaergaard and its adjacent areas.”

Szilas’s work integrates petrology and geochemistry with particular emphasis on mineral deposit formation and the origins of ultramafic complexes and related plutonic suites. He has published widely on a range of Greenland‑hosted commodities including gold, platinum, chromium, nickel, rubies and anorthosite.

In addition to his academic credentials, Szilas brings extensive field experience from Greenland and mountaineering skills from more than a dozen major international expeditions to high‑relief terrains, which the Company believes will help the team gain first‑hand access to otherwise difficult‑to‑reach outcrops and sections in and around Skaergaard.

Both Maier and Szilas are deeply connected to the international research networks that, over many decades, have made Skaergaard one of the most studied layered intrusions in the world and a reference case in geology textbooks for understanding magma chamber processes, mineral layering and magmatic precious‑metal mineralization.

Greenland Mines believes that having Maier and Szilas actively involved in the 2026 field season will help ensure that the latest scientific insights, datasets, and conceptual models from this global research community are fully integrated into the Company’s own geological interpretations, targeting strategy and development plans for Skaergaard and the adjacent license areas.

In addition, Greenland Mines believes that the strong funding track records of Maier and Szilas enhance the Company’s ability to participate in and support externally funded research initiatives focused on Skaergaard and Greenland’s magmatic systems more broadly moving forward.

Integrated technical team for the 2026 Skaergaard season

The Company’s technical personnel for the 2026 Skaergaard season will include more than 40 specialists involved in geological, resource, engineering, metallurgical, technical and environmental studies, of which roughly a dozen will form the core geological team in the field.

Maier and Szilas will work as members of this team, alongside Greenland Mines’ in‑country leadership including President Dr. Bo Møller Stensgaard, Chief Geologist Dr. Jakob Kløve Keiding, Country Manager – Logistics and Studies Hans Jensen, and Community & Permitting Manager Robert Møller, and in coordination with the Company’s independent mining and engineering consultants and external partners such as GTK Mintec, SLR Consulting and WSP Denmark.

Greenland Mines believes that combining decades of academic research, including the extensive Skaergaard datasets recently synthesized in major scientific monographs, with systematic commercial work programs is essential to fully understand and responsibly develop what is widely regarded as one of the world’s classic layered intrusions.

By embedding leading magmatic and Greenland specialists directly into the field program, the Company aims to refine its geological models, improve the quality of data collected in 2026 and further de‑risk future decisions regarding resource evaluation, mine design concepts and broader development options at Skaergaard.

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 neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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 select midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

Forward‑Looking Statements

This press release contains forward‑looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward‑looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate” and similar expressions. These forward-looking statements include statements regarding the expected roles of Professor Maier and Associate Professor Szilas in the 2026 Skaergaard field campaign; the anticipated benefits of integrating academic research with commercial exploration and development programs; the scope and impact of the 2026 technical work; future resource evaluation, mine design concepts and development options at Skaergaard; and the Company’s broader North Atlantic Critical Metals Corridor vision. These statements are based on current expectations, assumptions and available information and are subject to a range of risks and uncertainties, including technical and logistical risks, weather and access constraints, permitting and regulatory requirements, funding availability, evolving environmental and social expectations and project execution risks, which could cause actual results to differ materially from those expressed or implied.

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 news release is as of the date of this news 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: www.greenlandmines.com

NEW YORKJuly 10, 2026 (GLOBE NEWSWIRE) — via IBN — Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”) today announced that IP Australia has granted Australian Patent No. 2023252508, entitled “Treatment of Neuromuscular Diseases via Gene Therapy that Expresses Klotho Protein,” covering technology exclusively licensed by the Company’s Biotech Division. The patented technology was invented by researchers at Universitat Autònoma de Barcelona and collaborating institutions.

The issued patent protects the use of a human gene therapy using a muscle-cell specific promoter operatively linked to a nucleic acid gene sequence encoding the human Klotho s-KL protein for treating motor impairment. The patent includes claims covering neuronal cells and induced pluripotent stem cells (iPSC) containing the muscle-cell specific promoter and s-KL nucleic acid gene sequence, as well as other cellular delivery systems such as adeno-associated viral vectors (AAV) and non-viral vectors with muscle-cell and/or motor neuron-cell tropism.

The patent further expands the Company’s growing global intellectual property estate supporting its Klotho-based therapeutic platform.

Dr. Joseph Sinkule, the Company’s founder and CEO, stated: “Over the past three years, we have advanced KLTO-202 around a simple but compelling scientific premise—that restoring or supplementing human Klotho expression may help address the underlying biology of ALS and other debilitating neuromuscular diseases. A growing body of research has demonstrated the critical role Klotho plays in neuronal health, muscle function, aging, and cellular resilience. This patent strengthens the intellectual property protecting our approach, reinforces the long-term value of our biotechnology platform, and provides an important foundation as we continue advancing KLTO-202 toward clinical development. We believe Klotho has the potential to represent an entirely new therapeutic paradigm for treating motor neuron diseases.

Neuromuscular diseases include ALS, spinal muscular atrophy (SMA), Charcot-Marie-Tooth disease, multiple sclerosis, muscular dystrophies, peripheral neuropathies, traumatic nerve injury, age-related muscular atrophy, and numerous other neuromuscular and motor neuron disorders.

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 neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) 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 select midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

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. 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.

Investor Contact and Corporate Communications:
ir@greenlandmines.com
Website:
www.greenlandmines.com


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Source: Greenland Mines Ltd

© 2026 GlobeNewswire, Inc.

Issued on behalf of Greenland Mines Ltd.

Greenland Mines Ltd. (NASDAQ: GRML) completed a three-day development planning workshop for its Skaergaard project, bringing together more than fifteen international specialists to build a roadmap toward an Initial Assessment and to shape the 2026 field campaign.

LOS ANGELESJuly 8, 2026 /PRNewswire/ — American News Group News Commentary, The distance between a mineral deposit and a mine is measured in studies, planning, and fieldwork, and it is crossed one disciplined step at a time. Greenland Mines Ltd. (NASDAQ: GRML) has taken one of those steps for its Skaergaard project in Greenland, completing a three-day development planning workshop that gathered a large group of international technical specialists to map the path toward a formal Initial Assessment and to design the field program that will feed it. For a development-stage company, workshops like this are where the engineering discipline that later development decisions rest on gets built.

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Key Takeaways

  • Greenland Mines Ltd. (NASDAQ: GRML) completed a three-day Skaergaard development planning workshop, held June 22 to 24, 2026, bringing together more than fifteen international specialists to advance the project’s development roadmap.
  • The workshop drew experts from organizations including GTK Mintec and the Geological Survey of Finland (GTK), SLR Consulting, and WSP Denmark, spanning geology, metallurgy, mining engineering, and infrastructure disciplines.
  • The sessions were aimed at building a roadmap toward an Initial Assessment (IA) for Skaergaard and at shaping the scope of the company’s 2026 field campaign.
  • Skaergaard is a precious-and-critical-metals project, and Greenland Mines has separately reported a sensitivity study indicating increases of up to roughly 45% to 55% in palladium-equivalent (PdEq) grades, underscoring the project’s gold and platinum-group-metals character.
  • Investors tracking precious metals and platinum-group-metals development follow public names including Sibanye Stillwater (NYSE: SBSW), Platinum Group Metals (NYSE American: PLG), Bravo Mining (OTCQX: BRVMF), and Generation Mining (OTCQX: GENMF), each distinct, and none a proxy for Greenland Mines.

What a Development Planning Workshop Actually Does

It is easy to overlook a planning workshop as a procedural footnote, but for a project moving toward development it is meaningful work. Before a company can commission the formal economic studies that anchor a development decision, it has to align the many technical disciplines involved, geology, metallurgy, mining engineering, infrastructure, environment, and logistics, around a common plan for what data is needed, how it will be gathered, and how the pieces fit together. That alignment is what a development planning workshop is designed to produce. Done well, it reduces the risk of expensive rework later, when a gap discovered in a feasibility study can cost far more time and money to fix.

Greenland Mines held its Skaergaard workshop over three days, from June 22 to 24, 2026, and framed it as a step toward an Initial Assessment for the project. An Initial Assessment, broadly analogous to a preliminary economic assessment, is an early-stage study that lays out the potential technical and economic shape of a project. Reaching it requires the kind of coordinated planning the workshop was built to deliver, along with the field data the 2026 campaign is intended to gather.

The Experts in the Room

One signal of how seriously a development-stage company is taking a project is who it brings to the table, and Greenland Mines assembled a notably international group for Skaergaard. The workshop drew more than fifteen specialists from organizations including GTK Mintec and the Geological Survey of Finland (GTK), a state geological institution with deep minerals-processing expertise; SLR Consulting, a global engineering and advisory firm; and WSP Denmark, part of a major international professional-services group. Their disciplines spanned the technical breadth a development study requires, from the geology of the deposit through metallurgy and processing to mining engineering and infrastructure.

The presence of established engineering and geoscience firms matters for two reasons. First, it brings independent, specialized expertise to bear on the plan, which strengthens the credibility of the work that follows. Second, it reflects the reality of modern mine development, where a single junior company rarely holds every discipline in-house and instead orchestrates a network of technical partners. For a project in a remote, logistically demanding location like Greenland, that infrastructure and logistics expertise is not a detail; it is often decisive in whether a deposit can be developed economically at all.

What Skaergaard Is

Skaergaard, located in southeast Greenland, is a precious-and-critical-metals project, and it is the flagship of Greenland Mines’ Mining division. The deposit is characterized by gold and platinum-group metals, and the company frequently expresses its scale in terms of palladium-equivalent, or PdEq, a convention that rolls the value of the various contained metals into a single palladium-equivalent figure for comparison. Greenland Mines has separately reported a sensitivity study indicating increases of up to roughly 45% to 55% in palladium-equivalent grades under the parameters examined, a result the company has highlighted as underscoring the project’s prospectivity, though such sensitivity analyses are technical studies whose assumptions should be read alongside the results.

That metal mix places Skaergaard at an interesting intersection. Gold is the classic precious-metal store of value, while palladium and the other platinum-group metals are both precious and increasingly strategic, used in catalytic and industrial applications and drawing fresh attention as supply-chain security climbs the policy agenda. A project that carries meaningful exposure to both sits within two of the more closely watched corners of the metals market, which is part of what makes Skaergaard’s progression toward a development study worth following.

The Road Ahead: The 2026 Field Campaign

A planning workshop sets the agenda; the fieldwork fills it in. The other core purpose of the Skaergaard sessions was to shape the scope of Greenland Mines’ 2026 field campaign, the season of on-the-ground work that will gather the geological, metallurgical, and engineering data the Initial Assessment depends on. In a jurisdiction like Greenland, where the operating window is constrained by climate and access, planning the field season carefully is essential; there is limited time to collect what is needed, and gaps can set a project back a full year. Aligning the technical team in advance on exactly what the campaign must deliver is how a company makes the most of that narrow window.

None of this guarantees an outcome. An Initial Assessment, when it comes, will be an early-stage study, and the path from there to a producing mine runs through further studies, permitting, financing, and construction, each with its own substantial risks, and many projects that reach this stage never become mines. But the workshop and the field campaign it shapes are the concrete, near-term steps by which Skaergaard either builds momentum or does not, and they are the kind of progress that a development-stage story is measured by.

The Public Companies in Precious and Platinum-Group Metals

Greenland Mines is a development-stage company and is not directly comparable to the names below. These comparisons are for industry context only; each company pursues a different asset base and business model, several are far larger or further along, and none is a proxy for Greenland Mines or implies any partnership or comparable performance.

Sibanye Stillwater (NYSE: SBSW) is a major diversified producer of platinum-group metals and gold, with operations spanning South Africathe United States, and beyond. As one of the largest primary PGM and gold miners, Sibanye illustrates the scale, and the commodity exposure, of the precious-and-platinum-group-metals space that a project like Skaergaard sits within.

Platinum Group Metals (NYSE American: PLG) is advancing the Waterberg palladium-and-platinum project in South Africa toward production as a development-stage PGM company. PLG offers a closer look at how a large platinum-group-metals deposit is advanced through development studies and partnerships, a path conceptually similar to the one Skaergaard is beginning.

Bravo Mining (OTCQX: BRVMF) is developing the Luanga platinum-group-metals, gold, and nickel project in Brazil, a deposit whose resource is expressed, like Skaergaard’s, in palladium-equivalent terms. Bravo is a useful reference precisely because it shares the multi-metal, PdEq-denominated profile that characterizes Greenland Mines’ flagship.

Generation Mining (OTCQX: GENMF) is advancing the Marathon copper-and-palladium project in Canada through the development stages toward a construction decision. Generation Mining illustrates how a palladium-focused development project moves through feasibility-level studies, offering a view of the road ahead for earlier-stage PGM assets.

The Bottom Line

A development planning workshop is a beginning, not a milestone that changes a project’s fundamentals overnight, and Skaergaard remains an early-stage asset whose advance depends on studies, fieldwork, permitting, and financing still to come, each carrying real risk. But it is exactly the kind of disciplined, expert-driven step by which serious development-stage projects move forward: aligning an international technical team, setting a roadmap toward an Initial Assessment, and scoping a field season that has to count. For investors tracking how a precious-and-critical-metals project in Greenland works its way toward a development decision, Greenland Mines’ Skaergaard workshop is a concrete data point, with the 2026 field campaign, the eventual Initial Assessment, and the project’s permitting and financing path the markers worth watching from here.

SIGNAL OVER NOISE

Signal over noise. Precious-metals, platinum-group-metals, and mining-development headlines move fast, and the crowd often moves first. Eagle Eye is a real-time investor signal-intelligence platform that surfaces sentiment shifts, news flow, and trending tickers as they happen, so you see the move forming instead of reading about it later. See it at eagle-eye.dev.

CONTACT
American News Group
info@usanewsgroup.com

SOURCES
[1] Greenland Mines Ltd. (NASDAQ: GRML), “Greenland Mines (GRML) Completes Skaergaard Development Planning Workshop” (NewMediaWire, LOS ANGELESJune 25, 2026; three-day workshop June 22-24; 15+ specialists from GTK Mintec/GTK, SLR Consulting, WSP Denmark; roadmap to Initial Assessment; 2026 field campaign).
[2] Greenland Mines Ltd., sensitivity study reporting up to approximately 45% to 55% increase in palladium-equivalent (PdEq) grades at Skaergaard, 2026.
[3] Sibanye Stillwater Limited (NYSE: SBSW), Platinum Group Metals Ltd. (NYSE American: PLG), Bravo Mining Corp. (OTCQX: BRVMF), and Generation Mining Limited (OTCQX: GENMF), corporate disclosures and market data, 2026.

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. This article is being distributed for Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”), which wholly owns and operates American News Group. MIQL 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. 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. MIQL and/or its owner/operators also own shares of Greenland Mines Ltd. which were purchased in the open market and reserve the right to 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, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of Greenland Mines Ltd. 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. 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.

FORWARD-LOOKING STATEMENTS: This publication contains forward-looking statements, including statements regarding the SRX Global strategic investment and the AnorTech share-exchange transaction and their anticipated benefits; Greenland Mines’ North Atlantic Critical Metals Corridor strategy and multi-asset platform ambitions; the Skaergaard project and the Sarfartoq neodymium-praseodymium rare earths project, including the closing of the previously announced Sarfartoq transaction; the Klotho KLTO202 biotech program; and broader trends in Western critical-minerals supply-chain policy. Forward-looking statements are based on current expectations and assumptions and are subject to known and unknown risks and uncertainties, many beyond the company’s control, including the completion and terms of announced transactions; exploration, technical, metallurgical, environmental, and permitting risks inherent in mineral development; the early-stage nature of the company’s projects and the risk that they may not advance to development or production; risks associated with clinical development of the biotech program; the availability of capital; competition; regulatory and jurisdictional risks; and other risks described in the company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Actual results could differ materially from those projected. Except as required by law, the company undertakes no obligation to update any forward-looking statement. References to other companies are based on those companies’ public disclosures, are provided for industry context only, and do not imply any partnership, endorsement, affiliation, or comparable performance.

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/a-greenland-precious-and-critical-metals-project-just-took-a-planning-step-toward-development-with-a-roomful-of-international-experts-302818304.html

Issued on behalf of Greenland Mines Ltd.

Greenland Mines Ltd. (Nasdaq: GRML) has signed a diamond drilling contract with Arctic specialist Nordisk Fundering for a ~7,500-metre, three-rig 2026 campaign at Skaergaard — work designed to push one of the West’s largest palladium-gold-platinum deposits from a big resource toward a development-ready, open-pit-scale project.

CHARLOTTE, N.C., June 25, 2026 /PRNewswire/ — AmericanNewsGroup.com News Commentary — In exploration, signing a drilling contract is the moment a plan stops being a slide deck and starts becoming meters in the ground. On June 22, 2026, Greenland Mines Ltd. (Nasdaq: GRML) did exactly that, announcing it has signed a diamond drilling contract with Nordisk Fundering A/S to execute the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland — a deposit the Company describes as one of the largest undeveloped palladium, gold, and platinum resources in the world.

The contract anchors a roughly 7,500-metre, helicopter-supported diamond core program built to serve several objectives at once: advancing resource categories, gathering fresh metallurgical material for the processing work underway with GTK Mintec, and — notably — collecting the geotechnical data needed to evaluate a future open-pit. That last point is the tell. A company gathering pit-wall and rock-mass data is no longer just asking whether metal is in the ground; it is starting to ask how a mine might actually be built.

A Western Palladium Story in a Russia-and-South-Africa World

To understand why this milestone matters, start with where palladium and the broader platinum-group metals (PGMs) come from. Global PGM supply is overwhelmingly concentrated in Russia and South Africa, with Zimbabwe a distant third — a roster that, in the current geopolitical climate, reads less like a supply chain and more like a list of vulnerabilities. Palladium and platinum are indispensable to autocatalysts, hydrogen fuel cells, electronics, and a range of industrial and defense applications, and Western governments have spent the past few years waking up to how little of that supply they actually control.

The price action has reflected that anxiety. Palladium has rebounded sharply from its 2024 lows, and the PGM basket price reported by producers has climbed back above US$3,000 per ounce in early 2026, driven by structural supply deficits and constrained output from the legacy producing regions. Against that backdrop, a large, undeveloped PGM deposit sitting in Greenland — a jurisdiction firmly inside the Western and EU orbit — carries a strategic premium that simply did not exist a few years ago. Skaergaard is exactly that kind of asset.

The Skaergaard Resource

Skaergaard is hosted in the Eocene-age Skaergaard intrusion in southeast Greenland and ranks among the largest undeveloped palladium-gold-platinum systems on Earth. Greenland Mines holds an 80% interest in the project, with an option to acquire the remaining 20%. The existing NI 43-101 Mineral Resource was prepared by SLR Consulting (Canada) Ltd., with Philip A. Geusebroek, M.Sc., P.Geo. as Qualified Person, based on a block model that underpins the Company’s palladium-equivalent (PdEq) resource figures.

Earlier in 2026, an independent SLR Consulting metal-price sensitivity analysis showed how leveraged that resource is to PGM and gold prices: under a high-price case, the study indicated 16.58 million ounces PdEq in the Indicated category and 21.92 million ounces PdEq Inferred. Those are illustrative, price-driven figures rather than reserves — no preliminary economic assessment, pre-feasibility, or feasibility study has yet been completed on Skaergaard — but they frame the scale of what the 2026 drilling is meant to help convert and de-risk.

What the 2026 Campaign Actually Does

The headline number is approximately 7,500 metres of helicopter-supported diamond core drilling, executed with three helicopter-portable rigs on site, adapted for diamond exploration in rugged terrain and capable of operating on rock and selected ice-covered ground within the Skaergaard license area. The program is expected to mix HQ and NQ core in both vertical and angled holes, with some holes targeting resource-conversion areas and others gathering the geotechnical and metallurgical information required for mine planning and open-pit evaluation.

Nordisk Fundering is an experienced Scandinavian drilling contractor with relevant Arctic and Greenland operating experience and a leadership team with decades of work in the region’s remote, demanding northern conditions. Greenland Mines specifically flagged the contractor’s geotechnical drilling background as valuable, because a significant portion of the planned drilling is intended to feed directly into rock-mass characterization and potential pit-wall design assumptions — the unglamorous engineering inputs that future development decisions rest on.

Crucially, the drill rigs are not arriving in a logistical vacuum. The Company has contracted helicopter support for the campaign and previously secured an icebreaker and an accommodation base-camp vessel with a helicopter platform for the 2026 field season. In a place as logistically punishing as southeast Greenland, that marine-and-air backbone is often the difference between a program that executes on schedule and one that loses a short Arctic window to weather and supply problems. Running in parallel with the drilling is a broader metallurgical and processing workstream with GTK Mintec, including flowsheet development and test work meant to strengthen the basis for future economic studies, plus a planned surface bulk-sample program for the season.

Bo Møller Stensgaard, President of Greenland Mines, framed the contract as an execution milestone: “Signing the drilling contract with Nordisk Fundering is another important execution milestone for our 2026 Skaergaard campaign. We are bringing together drilling, metallurgy, bulk-sample preparation, logistics and engineering-oriented fieldwork in a coordinated program designed to strengthen the technical foundation of the project and advance Skaergaard toward future open-pit evaluation and broader development studies.”

A Two-Division Platform and a “Corridor” Vision

Skaergaard is the precious-metals anchor of a broader story. Greenland Mines now positions itself as a Nasdaq-listed company with two operating divisions: a Mining arm focused on Skaergaard and — subject to closing of a previously announced transaction — the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and a Biotech arm that includes Klotho’s KLTO202 program, whose primary indication is ALS. Management describes its strategy as building a multi-asset platform spanning rare-earth magnet materials, precious metals, and select midstream processing, under a broader “North Atlantic Critical Metals Corridor” vision linking Greenland resources with allied downstream jurisdictions.

Investors should weigh that breadth carefully. The Sarfartoq rare-earths addition is contingent on closing, and the corridor concept is a strategic vision rather than built infrastructure. But the direction is coherent: Greenland sits at the center of a Western scramble for non-Russian, non-Chinese critical materials, and Greenland Mines is attempting to assemble exposure across more than one of the metals that scramble is chasing.

Four PGM Names That Frame the Opportunity

Greenland Mines is a developer, not a producer, and the cleanest way to understand its position is to place it alongside other companies pursuing Western palladium and PGM supply at various stages. Four names help frame the spectrum — though each carries its own risk profile and none is a proxy for GRML.

Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) is the closest structural mirror. Its Luanga PGM+Au+Ni project in Brazil’s Carajás province carries a palladium-equivalent resource of roughly 10.4 million ounces Measured & Indicated plus 5.0 million ounces Inferred, and the company is running a 2026 drill program aimed at resource conversion and extension to underpin a pre-feasibility study targeted for the second half of 2026. Like Skaergaard, it is a large-scale, palladium-led deposit being de-risked toward open-pit development — a useful reference point for what the next phase of GRML’s technical work is trying to accomplish.

Chalice Mining Limited (ASX: CHN) offers a glimpse of where a large Western PGM deposit goes after the drilling is done. Its Gonneville project near Perth is described as the largest undeveloped palladium-nickel-copper project in the Western world, with a tier-one resource on the order of 17 million ounces of platinum-group metals. Chalice completed a pre-feasibility study in December 2025 outlining a long-life, open-pit operation, and is now working through regulatory approvals and financing toward a final investment decision. It illustrates both the strategic appeal of a Western palladium asset and the multi-year patience such projects demand.

Tharisa plc (LSE: THS) (JSE: THA) shows the producing end of the spectrum. The dual-listed PGM-and-chrome miner reported an average PGM basket price of roughly US$3,038 per ounce in its quarter ended March 31, 2026, and recently began an underground expansion at its flagship South African mine to extend its production runway. Tharisa is a reminder of the cash-generation leverage a PGM operator gains when basket prices climb — the very price environment that makes an undeveloped deposit like Skaergaard more valuable.

Sylvania Platinum Limited (LSE: SLP) rounds out the set with a low-capital production model, recovering PGMs from chrome tailings across South Africa’s Bushveld Complex. The company reported a 44% jump in quarterly net revenue to US$78.7 million for the period ended March 31, 2026, on stronger PGM pricing and chrome output. It demonstrates how even modest, capital-light PGM exposure has re-rated in the current market — and why investors are increasingly willing to look at earlier-stage Western supply.

The through-line across all four is the same force now lifting Greenland Mines: the West has concluded it cannot leave palladium and platinum supply concentrated in Russia and South Africa, and capital is flowing toward the companies — producers and developers alike — that offer an alternative. Greenland Mines’ wager is that a multi-million-ounce PdEq deposit, advanced this season with drills, metallurgy, and engineering data, is one of the alternatives worth defining.

What to Watch

The near-term markers are concrete. With the drilling contractor secured and marine and air logistics in place, the next signals will be the mobilization and execution of the ~7,500-metre program, assay and metallurgical results as they are received and interpreted, progress on the GTK Mintec flowsheet work, and any movement on the surface bulk-sample program. Each of those feeds the larger question this campaign is built to answer: can Skaergaard be advanced from a very large mineral resource toward a development-ready, open-pit-scale project — and can Greenland Mines do it inside the compressed window an Arctic field season allows?

TRACK THE SIGNAL WITH EAGLE EYE

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CONTACT

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SOURCES

[1] Greenland Mines Ltd news release, “Greenland Mines Signs Drilling Contract with Nordisk Fundering for Expanded 2026 Skaergaard Diamond Drilling Program in Greenland,” June 22, 2026.
[2] Greenland Mines Ltd / SLR Consulting (Canada) Ltd., Skaergaard metal-price sensitivity analysis, 2026; underlying NI 43-101 technical report dated November 22, 2022 (QP: Philip A. Geusebroek, M.Sc., P.Geo.).
[3] Bravo Mining Corp., 2026 Luanga field-season and resource disclosures (PEA July 2025; PFS targeted H2 2026).
[4] Chalice Mining Limited, Gonneville palladium-nickel-copper Pre-Feasibility Study, December 2025.
[5] Tharisa plc, Q2 FY2026 production results (quarter ended March 31, 2026).
[6] Sylvania Platinum Limited, Q3 FY2026 results (period ended March 31, 2026).
[7] Industry PGM basket and palladium pricing references, 2026.

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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”). MIQL 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. 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 MIQL and/or our associated currently own shares of Greenland Mines Ltd. which were purchased in the open market and 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, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of Greenland Mines Ltd. 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. 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 2026 Skaergaard drilling program will proceed on the expected scope, timing, meterage and objectives, including the deployment of three drill rigs and approximately 7,500 metres of drilling; that Nordisk Fundering A/S will mobilise and perform as planned; that helicopter and marine logistics, including the previously secured icebreaker and accommodation base-camp vessel, will be available as expected; that the geotechnical and metallurgical data collected will support resource-category advancement, the bulk-sample program, future mine planning and open-pit evaluation; that the Company’s engagements with SLR Consulting and GTK Mintec will proceed as planned; and 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 weather and logistics constraints; contractor performance; 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.

 

https://edge.prnewswire.com/c/img/favicon.png?sn=LN92413&sd=2026-06-25 View original content to download multimedia:https://www.prnewswire.com/news-releases/a-drilling-crew-an-icebreaker-and-a-path-to-an-open-pit-at-skaergaard-302810895.html

Issued on behalf of Greenland Mines Ltd.

Greenland Mines Ltd. (Nasdaq: GRML) has signed a diamond drilling contract with Arctic specialist Nordisk Fundering for a ~7,500-metre, three-rig 2026 campaign at Skaergaard — work designed to push one of the West’s largest palladium-gold-platinum deposits from a big resource toward a development-ready, open-pit-scale project.

CHARLOTTE, N.C., June 25, 2026 /PRNewswire/ — AmericanNewsGroup.com News Commentary — In exploration, signing a drilling contract is the moment a plan stops being a slide deck and starts becoming meters in the ground. On June 22, 2026, Greenland Mines Ltd. (Nasdaq: GRML) did exactly that, announcing it has signed a diamond drilling contract with Nordisk Fundering A/S to execute the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland — a deposit the Company describes as one of the largest undeveloped palladium, gold, and platinum resources in the world.

The contract anchors a roughly 7,500-metre, helicopter-supported diamond core program built to serve several objectives at once: advancing resource categories, gathering fresh metallurgical material for the processing work underway with GTK Mintec, and — notably — collecting the geotechnical data needed to evaluate a future open-pit. That last point is the tell. A company gathering pit-wall and rock-mass data is no longer just asking whether metal is in the ground; it is starting to ask how a mine might actually be built.

A Western Palladium Story in a Russia-and-South-Africa World

To understand why this milestone matters, start with where palladium and the broader platinum-group metals (PGMs) come from. Global PGM supply is overwhelmingly concentrated in Russia and South Africa, with Zimbabwe a distant third — a roster that, in the current geopolitical climate, reads less like a supply chain and more like a list of vulnerabilities. Palladium and platinum are indispensable to autocatalysts, hydrogen fuel cells, electronics, and a range of industrial and defense applications, and Western governments have spent the past few years waking up to how little of that supply they actually control.

The price action has reflected that anxiety. Palladium has rebounded sharply from its 2024 lows, and the PGM basket price reported by producers has climbed back above US$3,000 per ounce in early 2026, driven by structural supply deficits and constrained output from the legacy producing regions. Against that backdrop, a large, undeveloped PGM deposit sitting in Greenland — a jurisdiction firmly inside the Western and EU orbit — carries a strategic premium that simply did not exist a few years ago. Skaergaard is exactly that kind of asset.

The Skaergaard Resource

Skaergaard is hosted in the Eocene-age Skaergaard intrusion in southeast Greenland and ranks among the largest undeveloped palladium-gold-platinum systems on Earth. Greenland Mines holds an 80% interest in the project, with an option to acquire the remaining 20%. The existing NI 43-101 Mineral Resource was prepared by SLR Consulting (Canada) Ltd., with Philip A. Geusebroek, M.Sc., P.Geo. as Qualified Person, based on a block model that underpins the Company’s palladium-equivalent (PdEq) resource figures.

Earlier in 2026, an independent SLR Consulting metal-price sensitivity analysis showed how leveraged that resource is to PGM and gold prices: under a high-price case, the study indicated 16.58 million ounces PdEq in the Indicated category and 21.92 million ounces PdEq Inferred. Those are illustrative, price-driven figures rather than reserves — no preliminary economic assessment, pre-feasibility, or feasibility study has yet been completed on Skaergaard — but they frame the scale of what the 2026 drilling is meant to help convert and de-risk.

What the 2026 Campaign Actually Does

The headline number is approximately 7,500 metres of helicopter-supported diamond core drilling, executed with three helicopter-portable rigs on site, adapted for diamond exploration in rugged terrain and capable of operating on rock and selected ice-covered ground within the Skaergaard license area. The program is expected to mix HQ and NQ core in both vertical and angled holes, with some holes targeting resource-conversion areas and others gathering the geotechnical and metallurgical information required for mine planning and open-pit evaluation.

Nordisk Fundering is an experienced Scandinavian drilling contractor with relevant Arctic and Greenland operating experience and a leadership team with decades of work in the region’s remote, demanding northern conditions. Greenland Mines specifically flagged the contractor’s geotechnical drilling background as valuable, because a significant portion of the planned drilling is intended to feed directly into rock-mass characterization and potential pit-wall design assumptions — the unglamorous engineering inputs that future development decisions rest on.

Crucially, the drill rigs are not arriving in a logistical vacuum. The Company has contracted helicopter support for the campaign and previously secured an icebreaker and an accommodation base-camp vessel with a helicopter platform for the 2026 field season. In a place as logistically punishing as southeast Greenland, that marine-and-air backbone is often the difference between a program that executes on schedule and one that loses a short Arctic window to weather and supply problems. Running in parallel with the drilling is a broader metallurgical and processing workstream with GTK Mintec, including flowsheet development and test work meant to strengthen the basis for future economic studies, plus a planned surface bulk-sample program for the season.

Bo Møller Stensgaard, President of Greenland Mines, framed the contract as an execution milestone: “Signing the drilling contract with Nordisk Fundering is another important execution milestone for our 2026 Skaergaard campaign. We are bringing together drilling, metallurgy, bulk-sample preparation, logistics and engineering-oriented fieldwork in a coordinated program designed to strengthen the technical foundation of the project and advance Skaergaard toward future open-pit evaluation and broader development studies.”

A Two-Division Platform and a “Corridor” Vision

Skaergaard is the precious-metals anchor of a broader story. Greenland Mines now positions itself as a Nasdaq-listed company with two operating divisions: a Mining arm focused on Skaergaard and — subject to closing of a previously announced transaction — the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and a Biotech arm that includes Klotho’s KLTO202 program, whose primary indication is ALS. Management describes its strategy as building a multi-asset platform spanning rare-earth magnet materials, precious metals, and select midstream processing, under a broader “North Atlantic Critical Metals Corridor” vision linking Greenland resources with allied downstream jurisdictions.

Investors should weigh that breadth carefully. The Sarfartoq rare-earths addition is contingent on closing, and the corridor concept is a strategic vision rather than built infrastructure. But the direction is coherent: Greenland sits at the center of a Western scramble for non-Russian, non-Chinese critical materials, and Greenland Mines is attempting to assemble exposure across more than one of the metals that scramble is chasing.

Four PGM Names That Frame the Opportunity

Greenland Mines is a developer, not a producer, and the cleanest way to understand its position is to place it alongside other companies pursuing Western palladium and PGM supply at various stages. Four names help frame the spectrum — though each carries its own risk profile and none is a proxy for GRML.

Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) is the closest structural mirror. Its Luanga PGM+Au+Ni project in Brazil’s Carajás province carries a palladium-equivalent resource of roughly 10.4 million ounces Measured & Indicated plus 5.0 million ounces Inferred, and the company is running a 2026 drill program aimed at resource conversion and extension to underpin a pre-feasibility study targeted for the second half of 2026. Like Skaergaard, it is a large-scale, palladium-led deposit being de-risked toward open-pit development — a useful reference point for what the next phase of GRML’s technical work is trying to accomplish.

Chalice Mining Limited (ASX: CHN) offers a glimpse of where a large Western PGM deposit goes after the drilling is done. Its Gonneville project near Perth is described as the largest undeveloped palladium-nickel-copper project in the Western world, with a tier-one resource on the order of 17 million ounces of platinum-group metals. Chalice completed a pre-feasibility study in December 2025 outlining a long-life, open-pit operation, and is now working through regulatory approvals and financing toward a final investment decision. It illustrates both the strategic appeal of a Western palladium asset and the multi-year patience such projects demand.

Tharisa plc (LSE: THS) (JSE: THA) shows the producing end of the spectrum. The dual-listed PGM-and-chrome miner reported an average PGM basket price of roughly US$3,038 per ounce in its quarter ended March 31, 2026, and recently began an underground expansion at its flagship South African mine to extend its production runway. Tharisa is a reminder of the cash-generation leverage a PGM operator gains when basket prices climb — the very price environment that makes an undeveloped deposit like Skaergaard more valuable.

Sylvania Platinum Limited (LSE: SLP) rounds out the set with a low-capital production model, recovering PGMs from chrome tailings across South Africa’s Bushveld Complex. The company reported a 44% jump in quarterly net revenue to US$78.7 million for the period ended March 31, 2026, on stronger PGM pricing and chrome output. It demonstrates how even modest, capital-light PGM exposure has re-rated in the current market — and why investors are increasingly willing to look at earlier-stage Western supply.

The through-line across all four is the same force now lifting Greenland Mines: the West has concluded it cannot leave palladium and platinum supply concentrated in Russia and South Africa, and capital is flowing toward the companies — producers and developers alike — that offer an alternative. Greenland Mines’ wager is that a multi-million-ounce PdEq deposit, advanced this season with drills, metallurgy, and engineering data, is one of the alternatives worth defining.

What to Watch

The near-term markers are concrete. With the drilling contractor secured and marine and air logistics in place, the next signals will be the mobilization and execution of the ~7,500-metre program, assay and metallurgical results as they are received and interpreted, progress on the GTK Mintec flowsheet work, and any movement on the surface bulk-sample program. Each of those feeds the larger question this campaign is built to answer: can Skaergaard be advanced from a very large mineral resource toward a development-ready, open-pit-scale project — and can Greenland Mines do it inside the compressed window an Arctic field season allows?

TRACK THE SIGNAL WITH EAGLE EYE

Want to see how investor attention is moving across palladium, PGM, and critical-minerals names in real time? Eagle Eye is a real-time investor signal-intelligence platform that tracks sentiment, news flow, and trending tickers across the market. Explore it at eagle-eye.dev.

CONTACT

American News Group

info@americannewsgroup.com

SOURCES

[1] Greenland Mines Ltd news release, “Greenland Mines Signs Drilling Contract with Nordisk Fundering for Expanded 2026 Skaergaard Diamond Drilling Program in Greenland,” June 22, 2026.
[2] Greenland Mines Ltd / SLR Consulting (Canada) Ltd., Skaergaard metal-price sensitivity analysis, 2026; underlying NI 43-101 technical report dated November 22, 2022 (QP: Philip A. Geusebroek, M.Sc., P.Geo.).
[3] Bravo Mining Corp., 2026 Luanga field-season and resource disclosures (PEA July 2025; PFS targeted H2 2026).
[4] Chalice Mining Limited, Gonneville palladium-nickel-copper Pre-Feasibility Study, December 2025.
[5] Tharisa plc, Q2 FY2026 production results (quarter ended March 31, 2026).
[6] Sylvania Platinum Limited, Q3 FY2026 results (period ended March 31, 2026).
[7] Industry PGM basket and palladium pricing references, 2026.

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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”). MIQL 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. 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 MIQL and/or our associated currently own shares of Greenland Mines Ltd. which were purchased in the open market and 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, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of Greenland Mines Ltd. 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. 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 2026 Skaergaard drilling program will proceed on the expected scope, timing, meterage and objectives, including the deployment of three drill rigs and approximately 7,500 metres of drilling; that Nordisk Fundering A/S will mobilise and perform as planned; that helicopter and marine logistics, including the previously secured icebreaker and accommodation base-camp vessel, will be available as expected; that the geotechnical and metallurgical data collected will support resource-category advancement, the bulk-sample program, future mine planning and open-pit evaluation; that the Company’s engagements with SLR Consulting and GTK Mintec will proceed as planned; and 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 weather and logistics constraints; contractor performance; 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.

 

https://edge.prnewswire.com/c/img/favicon.png?sn=LN92413&sd=2026-06-25 View original content to download multimedia:https://www.prnewswire.com/news-releases/a-drilling-crew-an-icebreaker-and-a-path-to-an-open-pit-at-skaergaard-302810895.html

Issued on behalf of Greenland Mines Ltd.

Greenland Mines Ltd. (Nasdaq: GRML) has signed a diamond drilling contract with Arctic specialist Nordisk Fundering for a ~7,500-metre, three-rig 2026 campaign at Skaergaard — work designed to push one of the West’s largest palladium-gold-platinum deposits from a big resource toward a development-ready, open-pit-scale project.

CHARLOTTE, N.C., June 25, 2026 /PRNewswire/ — AmericanNewsGroup.com News Commentary — In exploration, signing a drilling contract is the moment a plan stops being a slide deck and starts becoming meters in the ground. On June 22, 2026, Greenland Mines Ltd. (Nasdaq: GRML) did exactly that, announcing it has signed a diamond drilling contract with Nordisk Fundering A/S to execute the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland — a deposit the Company describes as one of the largest undeveloped palladium, gold, and platinum resources in the world.

The contract anchors a roughly 7,500-metre, helicopter-supported diamond core program built to serve several objectives at once: advancing resource categories, gathering fresh metallurgical material for the processing work underway with GTK Mintec, and — notably — collecting the geotechnical data needed to evaluate a future open-pit. That last point is the tell. A company gathering pit-wall and rock-mass data is no longer just asking whether metal is in the ground; it is starting to ask how a mine might actually be built.

A Western Palladium Story in a Russia-and-South-Africa World

To understand why this milestone matters, start with where palladium and the broader platinum-group metals (PGMs) come from. Global PGM supply is overwhelmingly concentrated in Russia and South Africa, with Zimbabwe a distant third — a roster that, in the current geopolitical climate, reads less like a supply chain and more like a list of vulnerabilities. Palladium and platinum are indispensable to autocatalysts, hydrogen fuel cells, electronics, and a range of industrial and defense applications, and Western governments have spent the past few years waking up to how little of that supply they actually control.

The price action has reflected that anxiety. Palladium has rebounded sharply from its 2024 lows, and the PGM basket price reported by producers has climbed back above US$3,000 per ounce in early 2026, driven by structural supply deficits and constrained output from the legacy producing regions. Against that backdrop, a large, undeveloped PGM deposit sitting in Greenland — a jurisdiction firmly inside the Western and EU orbit — carries a strategic premium that simply did not exist a few years ago. Skaergaard is exactly that kind of asset.

The Skaergaard Resource

Skaergaard is hosted in the Eocene-age Skaergaard intrusion in southeast Greenland and ranks among the largest undeveloped palladium-gold-platinum systems on Earth. Greenland Mines holds an 80% interest in the project, with an option to acquire the remaining 20%. The existing NI 43-101 Mineral Resource was prepared by SLR Consulting (Canada) Ltd., with Philip A. Geusebroek, M.Sc., P.Geo. as Qualified Person, based on a block model that underpins the Company’s palladium-equivalent (PdEq) resource figures.

Earlier in 2026, an independent SLR Consulting metal-price sensitivity analysis showed how leveraged that resource is to PGM and gold prices: under a high-price case, the study indicated 16.58 million ounces PdEq in the Indicated category and 21.92 million ounces PdEq Inferred. Those are illustrative, price-driven figures rather than reserves — no preliminary economic assessment, pre-feasibility, or feasibility study has yet been completed on Skaergaard — but they frame the scale of what the 2026 drilling is meant to help convert and de-risk.

What the 2026 Campaign Actually Does

The headline number is approximately 7,500 metres of helicopter-supported diamond core drilling, executed with three helicopter-portable rigs on site, adapted for diamond exploration in rugged terrain and capable of operating on rock and selected ice-covered ground within the Skaergaard license area. The program is expected to mix HQ and NQ core in both vertical and angled holes, with some holes targeting resource-conversion areas and others gathering the geotechnical and metallurgical information required for mine planning and open-pit evaluation.

Nordisk Fundering is an experienced Scandinavian drilling contractor with relevant Arctic and Greenland operating experience and a leadership team with decades of work in the region’s remote, demanding northern conditions. Greenland Mines specifically flagged the contractor’s geotechnical drilling background as valuable, because a significant portion of the planned drilling is intended to feed directly into rock-mass characterization and potential pit-wall design assumptions — the unglamorous engineering inputs that future development decisions rest on.

Crucially, the drill rigs are not arriving in a logistical vacuum. The Company has contracted helicopter support for the campaign and previously secured an icebreaker and an accommodation base-camp vessel with a helicopter platform for the 2026 field season. In a place as logistically punishing as southeast Greenland, that marine-and-air backbone is often the difference between a program that executes on schedule and one that loses a short Arctic window to weather and supply problems. Running in parallel with the drilling is a broader metallurgical and processing workstream with GTK Mintec, including flowsheet development and test work meant to strengthen the basis for future economic studies, plus a planned surface bulk-sample program for the season.

Bo Møller Stensgaard, President of Greenland Mines, framed the contract as an execution milestone: “Signing the drilling contract with Nordisk Fundering is another important execution milestone for our 2026 Skaergaard campaign. We are bringing together drilling, metallurgy, bulk-sample preparation, logistics and engineering-oriented fieldwork in a coordinated program designed to strengthen the technical foundation of the project and advance Skaergaard toward future open-pit evaluation and broader development studies.”

A Two-Division Platform and a “Corridor” Vision

Skaergaard is the precious-metals anchor of a broader story. Greenland Mines now positions itself as a Nasdaq-listed company with two operating divisions: a Mining arm focused on Skaergaard and — subject to closing of a previously announced transaction — the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and a Biotech arm that includes Klotho’s KLTO202 program, whose primary indication is ALS. Management describes its strategy as building a multi-asset platform spanning rare-earth magnet materials, precious metals, and select midstream processing, under a broader “North Atlantic Critical Metals Corridor” vision linking Greenland resources with allied downstream jurisdictions.

Investors should weigh that breadth carefully. The Sarfartoq rare-earths addition is contingent on closing, and the corridor concept is a strategic vision rather than built infrastructure. But the direction is coherent: Greenland sits at the center of a Western scramble for non-Russian, non-Chinese critical materials, and Greenland Mines is attempting to assemble exposure across more than one of the metals that scramble is chasing.

Four PGM Names That Frame the Opportunity

Greenland Mines is a developer, not a producer, and the cleanest way to understand its position is to place it alongside other companies pursuing Western palladium and PGM supply at various stages. Four names help frame the spectrum — though each carries its own risk profile and none is a proxy for GRML.

Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF) is the closest structural mirror. Its Luanga PGM+Au+Ni project in Brazil’s Carajás province carries a palladium-equivalent resource of roughly 10.4 million ounces Measured & Indicated plus 5.0 million ounces Inferred, and the company is running a 2026 drill program aimed at resource conversion and extension to underpin a pre-feasibility study targeted for the second half of 2026. Like Skaergaard, it is a large-scale, palladium-led deposit being de-risked toward open-pit development — a useful reference point for what the next phase of GRML’s technical work is trying to accomplish.

Chalice Mining Limited (ASX: CHN) offers a glimpse of where a large Western PGM deposit goes after the drilling is done. Its Gonneville project near Perth is described as the largest undeveloped palladium-nickel-copper project in the Western world, with a tier-one resource on the order of 17 million ounces of platinum-group metals. Chalice completed a pre-feasibility study in December 2025 outlining a long-life, open-pit operation, and is now working through regulatory approvals and financing toward a final investment decision. It illustrates both the strategic appeal of a Western palladium asset and the multi-year patience such projects demand.

Tharisa plc (LSE: THS) (JSE: THA) shows the producing end of the spectrum. The dual-listed PGM-and-chrome miner reported an average PGM basket price of roughly US$3,038 per ounce in its quarter ended March 31, 2026, and recently began an underground expansion at its flagship South African mine to extend its production runway. Tharisa is a reminder of the cash-generation leverage a PGM operator gains when basket prices climb — the very price environment that makes an undeveloped deposit like Skaergaard more valuable.

Sylvania Platinum Limited (LSE: SLP) rounds out the set with a low-capital production model, recovering PGMs from chrome tailings across South Africa’s Bushveld Complex. The company reported a 44% jump in quarterly net revenue to US$78.7 million for the period ended March 31, 2026, on stronger PGM pricing and chrome output. It demonstrates how even modest, capital-light PGM exposure has re-rated in the current market — and why investors are increasingly willing to look at earlier-stage Western supply.

The through-line across all four is the same force now lifting Greenland Mines: the West has concluded it cannot leave palladium and platinum supply concentrated in Russia and South Africa, and capital is flowing toward the companies — producers and developers alike — that offer an alternative. Greenland Mines’ wager is that a multi-million-ounce PdEq deposit, advanced this season with drills, metallurgy, and engineering data, is one of the alternatives worth defining.

What to Watch

The near-term markers are concrete. With the drilling contractor secured and marine and air logistics in place, the next signals will be the mobilization and execution of the ~7,500-metre program, assay and metallurgical results as they are received and interpreted, progress on the GTK Mintec flowsheet work, and any movement on the surface bulk-sample program. Each of those feeds the larger question this campaign is built to answer: can Skaergaard be advanced from a very large mineral resource toward a development-ready, open-pit-scale project — and can Greenland Mines do it inside the compressed window an Arctic field season allows?

TRACK THE SIGNAL WITH EAGLE EYE

Want to see how investor attention is moving across palladium, PGM, and critical-minerals names in real time? Eagle Eye is a real-time investor signal-intelligence platform that tracks sentiment, news flow, and trending tickers across the market. Explore it at eagle-eye.dev.

CONTACT

American News Group

info@americannewsgroup.com

SOURCES

[1] Greenland Mines Ltd news release, “Greenland Mines Signs Drilling Contract with Nordisk Fundering for Expanded 2026 Skaergaard Diamond Drilling Program in Greenland,” June 22, 2026.
[2] Greenland Mines Ltd / SLR Consulting (Canada) Ltd., Skaergaard metal-price sensitivity analysis, 2026; underlying NI 43-101 technical report dated November 22, 2022 (QP: Philip A. Geusebroek, M.Sc., P.Geo.).
[3] Bravo Mining Corp., 2026 Luanga field-season and resource disclosures (PEA July 2025; PFS targeted H2 2026).
[4] Chalice Mining Limited, Gonneville palladium-nickel-copper Pre-Feasibility Study, December 2025.
[5] Tharisa plc, Q2 FY2026 production results (quarter ended March 31, 2026).
[6] Sylvania Platinum Limited, Q3 FY2026 results (period ended March 31, 2026).
[7] Industry PGM basket and palladium pricing references, 2026.

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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland (“MIQL”). MIQL 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. 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 MIQL and/or our associated currently own shares of Greenland Mines Ltd. which were purchased in the open market and 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, including this article, which is disseminated by MIQL has been reviewed and approved on behalf of Greenland Mines Ltd. 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. 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 2026 Skaergaard drilling program will proceed on the expected scope, timing, meterage and objectives, including the deployment of three drill rigs and approximately 7,500 metres of drilling; that Nordisk Fundering A/S will mobilise and perform as planned; that helicopter and marine logistics, including the previously secured icebreaker and accommodation base-camp vessel, will be available as expected; that the geotechnical and metallurgical data collected will support resource-category advancement, the bulk-sample program, future mine planning and open-pit evaluation; that the Company’s engagements with SLR Consulting and GTK Mintec will proceed as planned; and 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 weather and logistics constraints; contractor performance; 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.

 

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About Greenland Mines Ltd.

Greenland Mines Ltd. (Nasdaq: GRML) is a Charlotte, North Carolina-based company that, as of March 2026, controls one of the largest undeveloped palladium, gold, and platinum deposits on earth — the Skaergaard Project in Southeast Greenland. The company was formerly known as Klotho Neurosciences, Inc. and completed the acquisition of privately held Greenland Mines Corp. on March 4, 2026, simultaneously rebranding and beginning trading under the GRML ticker on March 12, 2026. Through that acquisition, the company holds an 80% interest in — and an 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 million ounces of palladium equivalent (PdEq) and 23.5 million ounces of gold equivalent (AuEq) across 364 million tonnes of mineralized rock. At February 2026 metal prices — gold near $3,000/oz, palladium at $1,800/oz, and platinum at $2,175/oz — the gross undiscounted in-situ resource value calculates to approximately $68 billion. The company’s current market capitalization is approximately $47 million.

The company now operates two divisions. The primary and defining division is Natural Resources, focused on the exploration and development of the Skaergaard Project. The secondary division is Cell and Gene Therapy, inherited from Klotho Neurosciences, which includes KLTO-202 — a gene therapy platform using a Klotho-based approach to treat ALS and other neurodegenerative diseases, along with a licensed generic drug portfolio and biosimilar biologics platform targeting cancer. The Skaergaard acquisition was structured as a reverse merger — Greenland Mines Corp. is expected to own approximately 93% of fully diluted shares on an as-converted basis — making this effectively a brand new company brought to market inside an existing Nasdaq shell. The Skaergaard Project has been studied since its discovery in 1935, with academic and institutional work conducted by Cambridge University, Caltech, and the Geological Survey of Denmark. More than $30 million has been invested in the project since the 1990s, and SLR Consulting completed a formal NI 43-101 Technical Report in 2022. The institutional awareness of the company under its new identity, however, is essentially zero: zero sell-side analysts cover the stock, and many data platforms still show the old company name.

The Skaergaard Resource: Scale, Composition, and Expansion Target

The numbers at Skaergaard are hard to contextualize at first read. The 2022 NI 43-101 resource of 25.4 million ounces PdEq and 23.5 million ounces AuEq is distributed across 364 million tonnes of rock — a deposit geometry that reflects the bulk, disseminated nature of mafic intrusion-hosted PGM-gold mineralization. The resource is approximately 73% platinum group metals (palladium and platinum) and 27% gold by value. Importantly, none of the $68 billion gross in-situ value figure accounts for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, or taxes — standard disclosure caveats that investors must take seriously. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed, and there is no certainty that mineral resources will be converted to mineral reserves or that an economically viable mining operation can be established. These are material risks that any investor must internalize before committing capital.

What Greenland Mines is targeting with its 2026 development program goes beyond simply confirming the existing resource. The company has identified geological targets it believes could double the contained resource to approximately 50 million ounces of gold, palladium, and platinum — expanding into areas of the Skaergaard Intrusion not fully captured in the 2022 estimate. Vanadium and gallium, both critical to defense electronics and next-generation energy storage, have also been identified within the broader Skaergaard mineralization and are being evaluated for potential inclusion in updated resource estimates. The appointment of GTK Mintec to handle metallurgical and processing flowsheet work — running in parallel with the geological work by SLR and the environmental baseline program by WSP — reflects the multi-disciplinary technical assembly that a project of this scale requires before any economic study can be initiated (Greenland Mines news releases, March–April 2026).


Geopolitical Context: Why Greenland, Why Now

The timing of Greenland Mines’ emergence as a public company cannot be separated from one of the most active geopolitical storylines of 2026: U.S. strategic interest in Greenland’s mineral wealth. The Trump administration’s public statements about acquiring Greenland — widely covered in late 2024 and throughout 2025 — reflect a deeper and more durable reality: Greenland sits at the intersection of the North Atlantic shipping corridor, is positioned between North America and Europe, and holds mineral resources that Western governments are actively seeking to secure outside of Chinese and Russian supply chains. Greenland’s government has aligned itself increasingly with Western mineral development interests, and its regulatory framework — administered through the Greenland Mineral Resources Act — is considered transparent and investor-friendly. There are no Chinese entanglements in the Skaergaard license, no third-party royalties encumbering the project, and the license holder is an Allied jurisdiction.

Bo Møller Stensgaard, who leads the Natural Resources division as President, has spent more than 25 years working in Greenland geology, beginning his career with the Geological Survey of Denmark and Greenland in 1998. He was the first scientist to assess a Greenland area using combined geological, geophysical, and geochemical datasets — a methodological integration that is now standard practice — and he has noted that Greenland’s surface exposure of mineralization makes it an unusually accessible geological environment compared to most exploration frontiers. His description of Greenland as “an open textbook and a natural laboratory for geology” reflects both his technical affinity for the island and his conviction that the Skaergaard deposit’s surface accessibility is a meaningful development advantage relative to deeply buried or structurally complex deposits in other jurisdictions (InvestorNews, April 2026).


2026 Field Season: What Is Actually Happening on the Ground

The 2026 field season at Skaergaard is the first concrete development activity under Greenland Mines’ ownership, and the company has moved decisively to assemble the infrastructure required to execute it. The most operationally significant announcement to date is the chartering of M/V Argus — a dedicated Arctic icebreaker with Class A1 Super ice capability, accommodation for 40–50 personnel, a certified helicopter deck, and aviation fuel storage — from IceTugs ApS for the full duration of the field campaign. The vessel will serve as the primary offshore logistics hub, transporting drill rigs, supplies, fuel, and personnel from Reykjavík, Iceland, to Mikis Fjord adjacent to the Skaergaard site, and integrating helicopter operations directly from the ship to access the surrounding project area. Securing M/V Argus is not a trivial logistical accomplishment: President Stensgaard noted that there are very few vessels of comparable ice class, capacity, and Arctic track record available in the North Atlantic, and competition from scientific and commercial operators is intense (Greenland Mines News Release, March 26, 2026).

On the technical side, SLR Consulting — engaged April 27, 2026, as geological consultant and Qualified Person — brings critical continuity: SLR prepared the 2022 NI 43-101 and already has detailed knowledge of the Skaergaard geological model and existing resource. SLR’s scope covers resource definition, drill and bulk-sample planning, mine planning, metallurgy, and processing flowsheet work, with a site visit planned for late August or early September 2026. WSP Danmark A/S is concurrently advancing the Environmental Impact Assessment baseline program — covering environmental, biological, and hydrological surveys across the project area — which is a prerequisite for the exploitation license application. GTK Mintec is leading metallurgical and processing flowsheet and pilot test work. The combination of SLR, WSP, and GTK Mintec constitutes an unusually capable and experienced advisory team for a company at GRML’s current market capitalization.

EXCHANGE:
NASDAQ
Symbol: GRML

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 decisions. This is a paid advertisement and is neither an offer nor a 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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland.

While the 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 your investment.

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