Greenland Mines Ltd (NASDAQ: GRML) has announced the engagement of Tetra Tech Canada Inc. and GeoSim Services Inc. to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium (Nd-Pr) rare earth project in southwest Greenland. The updated resource estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. This estimate is intended to support an updated preliminary economic assessment and future development studies.
GeoSim, led by Ronald G. Simpson, P.Geo., has been appointed as the qualified person for the resource estimate, providing continuity from earlier Sarfartoq resource and economic studies completed in 2011 and 2012. Tetra Tech will provide engineering, mine planning and metallurgical support, including optimization studies evaluating open-pit, underground and hybrid development scenarios. Greenland Mines also reappointed WSP Danmark A/S to continue environmental baseline work at the project as the company advances Sarfartoq, which it believes is distinguished by a strong neodymium-praseodymium component and strategic relevance to Western rare earth supply chains.
The Sarfartoq project is a key asset for Greenland Mines as it seeks to develop a multi-asset platform with exposure to rare earth magnet materials, precious metals and midstream processing opportunities. The company’s broader North Atlantic Critical Metals Corridor vision aims to link Greenland resources with allied downstream jurisdictions and industrial infrastructure. The updated resource estimate will be critical in demonstrating the project’s economic viability and attracting potential partners or financing for development.
This announcement underscores the growing importance of rare earth elements, particularly neodymium and praseodymium, which are essential for permanent magnets used in electric vehicles, wind turbines and other clean energy technologies. With Western nations seeking to reduce reliance on Chinese supply chains, projects like Sarfartoq could play a strategic role in diversifying rare earth sources. The engagement of experienced firms like Tetra Tech and GeoSim signals that Greenland Mines is advancing the project toward a potential development decision.
Investors can find the latest news and updates relating to GRML in the company’s newsroom at https://ibn.fm/GRML. The full press release is available at https://ibn.fm/eIurP.
