Greenland Mines (NASDAQ: GRML) has announced the completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland. The survey covered more area than originally planned and produced high-resolution seabed data across the fjords surrounding the project. This data has already been used to guide the company's support vessel to a new anchorage within 500 meters of the initial 2026 operational area. The information 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 marks a significant step in the company's preparation for future development activities at Skaergaard. By providing detailed seabed topography, the survey enhances the safety and efficiency of marine operations, which are critical for the remote project's logistics. The data will also be instrumental in designing infrastructure and shipping routes, reducing risks associated with navigation in the challenging Arctic environment.
In addition to the survey, Greenland Mines has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample. The company has now 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 fully operational, supporting the expanded drilling activities.
These developments are part of a broader 2026 field program at Skaergaard, which encompasses resource definition drilling, metallurgical bulk sampling, environmental baseline studies, and infrastructure planning. The company is advancing the project toward an Initial Assessment, a critical milestone in the development of the project.
The Skaergaard Project is a key asset for Greenland Mines, which operates in two divisions: Mining and Biotech. The Mining division focuses on the exploration and development of the Skaergaard Project and, subject to closing of a previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland. The Biotech division 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 progress on drilling are important for the company's near-term goals. The high-resolution seabed data not only supports safety and logistical planning but also demonstrates the company's commitment to responsible development in a sensitive environment. The advancement toward an Initial Assessment will provide stakeholders with a clearer picture of the project's economic viability and potential.
For more information on the full press release, visit https://ibn.fm/vk7G8. The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML.
