Greenland Mines Ltd. (NASDAQ: GRML) has completed its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, exceeding planned coverage and delivering high-resolution seabed data across the fjords surrounding the project. The survey, which captured more area than originally intended, has already been utilized to guide the company's support vessel to a new anchorage within 500 meters of the initial 2026 operational area. This data is expected to support the creation of new official navigational charts, a dedicated navigational safety study, and planning for future large-scale marine shipping operations.
The completion of the bathymetric survey is a key component of the broader 2026 field program at Skaergaard, which includes resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. Greenland Mines has also completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample and has transitioned to NQ-size core drilling for resource definition and geotechnical work for the remainder of the season. A new core shack for logging, sampling, and storage is now fully operational, facilitating the ongoing work.
This progress is part of the company's efforts to advance the Skaergaard Project toward an Initial Assessment. The bathymetric data will not only improve navigational safety but also provide critical information for the design of future marine logistics, which is essential for the project's development in the remote and challenging environment of southeast Greenland. The improved anchorage and navigational charts will enhance operational efficiency and reduce risks associated with marine transportation, a crucial factor for the project's viability.
The Skaergaard Project is known for its significant mineral potential, and Greenland Mines is focused on its exploration and development. The company operates with two divisions: Mining, which includes the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and Biotech, which includes Klotho's KLTO-202 primary indication for ALS. The company's strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
The successful completion of the bathymetric survey and the ongoing drilling activities underscore Greenland Mines' commitment to progressing the Skaergaard Project. The data collected will support not only immediate operational needs but also long-term planning for large-scale marine operations, which are vital for the project's future production and export capabilities. As the company advances toward an Initial Assessment, these developments position it to potentially become a significant supplier of critical minerals, aligning with global demand for rare earth elements and other strategic resources.
For more information on Greenland Mines and its projects, visit the company's newsroom at https://ibn.fm/GRML. The full press release is available at https://ibn.fm/vk7G8.
