The West Wants to Break China's Critical Minerals Stranglehold. This $68 Billion Greenland Deposit Just Locked In Three World-Class Consultants in Five Weeks.

Rhea-AI Summary

Greenland Mines (NASDAQ:GRML) advanced its Skaergaard palladium-gold-platinum project with three major technical steps in five weeks: appointment of SLR as geological consultant and QP, a framework agreement with GTK Mintec for metallurgical pilot work, and a non-binding Iceland LOI targeting power below $0.03/kWh and life-of-mine savings >$1 billion. The 2022 NI 43-101 shows a 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent Indicated+Inferred resource, with an in-situ value ~$68 billion at Feb 2026 prices. Near-term catalysts include the summer 2026 field program and GTK pilot results.

Positive

• Resource: 25.4 Moz palladium-equivalent (Indicated+Inferred)
• Resource: 23.5 Moz gold-equivalent (Indicated+Inferred)
• In-situ value: approximately $68 billion at Feb 2026 metal prices
• SLR appointment: Qualified Person and technical continuity for Skaergaard
• GTK Mintec: pilot-scale metallurgical testwork including 10–20 tonne bulk sample
• Iceland LOI: targets power $0.03/kWh and life-of-mine savings $1 billion
• Ownership: 80% interest in Skaergaard with option on remaining 20%

Negative

• Resource basis: 2022 NI 43-101 figures are Indicated and Inferred, not mineral reserves
• Iceland LOI is non-binding and subject to definitive agreements and negotiation
• Permitting: full environmental impact assessment baseline program required (WSP engaged)
• Processing optionality: multi-product recovery economics are under evaluation, not yet proven

Key Figures

Project Vault loan: $10 billion EXIM LOIs: $14.8 billion Skaergaard in-situ value: $68 billion +5 more

8 metrics

Project Vault loan $10 billion EXIM Direct Loan for U.S. critical minerals strategic reserve

EXIM LOIs $14.8 billion Letters of Interest for critical minerals projects under current administration

Skaergaard in-situ value $68 billion Gross undiscounted resource value at February 2026 metal prices

Palladium-equivalent resource 25.4 Moz 2022 NI 43-101 Indicated and Inferred Mineral Resource at Skaergaard

Gold-equivalent resource 23.5 Moz 2022 NI 43-101 Indicated and Inferred Mineral Resource at Skaergaard

Platinum forecast 2026 $2,450/oz Bank of America 2026 platinum price forecast raised from $1,825

Palladium forecast 2026 $1,725/oz Bank of America 2026 palladium price forecast raised from $1,525

Russian dumping margin 828% Estimated dumping margin on unworked Russian palladium imports

Market Reality Check

Price: $11.33 Vol: Volume 16,206,264 is slig...

normal vol

$11.33 Last Close

Volume Volume 16,206,264 is slightly below the 17,900,265 share 20-day average, suggesting no unusual trading response ahead of this article. normal

Technical Shares trade above the 200-day moving average at $9.51, indicating the pre-news trend had turned positive despite the recent pullback.

Peers on Argus

Momentum data flags a sector move with 3 peers (e.g., LAC, LAR, UAMY) moving up ...

3 Up

Momentum data flags a sector move with 3 peers (e.g., LAC, LAR, UAMY) moving up (median 14.3%), while CRML was down 4.05%. That divergence points to stock-specific dynamics rather than a pure sector rotation.

Common Catalyst Peers and the article both center on Western critical minerals, rare earths, and strategic reshoring themes that are driving broader sector interest.

Historical Context

5 past events · Latest: Apr 28 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Apr 28	Sector macro focus	Positive	-17.9%	Wall Street attention on North American rare earth chains ahead of 2027 ban.
Apr 27	Acquisition proposal	Positive	+25.5%	LOI to acquire European Lithium, consolidating Tanbreez interests and cash resources.
Apr 21	Equity financing	Negative	-13.4%	Private placement of 5,999,998 shares at $10.00 to raise ~$60M for Tanbreez.
Apr 20	Management change	Positive	-4.9%	Appointment of experienced Greenland-focused CEO at Tanbreez subsidiary.
Apr 17	Ownership increase	Positive	+35.5%	Government approval lifting Tanbreez ownership to 92.5% plus $30M acceleration plan.

Pattern Detected

News directly tied to Tanbreez ownership, financing or M&A often aligned with price moves, while broader thematic or personnel news has shown a tendency to diverge from bullish narratives.

Recent Company History

Over the past two weeks, CRML has issued several material updates. On Apr 17, Greenland’s approval lifting Tanbreez ownership to 92.5% coincided with a 35.49% gain. A $60 million private placement on Apr 21 saw shares fall 13.4%, consistent with dilution concerns. The proposed ~US$835 million acquisition of European Lithium on Apr 27 was followed by a 25.54% rise. In contrast, macro rare-earths coverage on Apr 28 and a CEO appointment on Apr 20 produced negative reactions, highlighting selective investor enthusiasm.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-03-18

An effective F-3 shelf dated Mar 18, 2026 registers up to 2,744,062 ordinary shares for resale by a selling securityholder. The company receives no proceeds from these resales, but the registration increases the tradable float held by that holder over time.

Market Pulse Summary

The stock is surging +13.4% following this news. A strong positive reaction aligns with the broader ...

Analysis

The stock is surging +13.4% following this news. A strong positive reaction aligns with the broader policy and capital tailwinds highlighted, including EXIM’s $10 billion Project Vault loan and $14.8 billion of Letters of Interest. Historically, CRML’s largest moves followed ownership and M&A milestones at Tanbreez, while financing news sometimes weighed on shares. Investors would have weighed this article’s macro-critical minerals positioning against existing dilution capacity from registered resale shares and past capital-raising activity when assessing durability.

Key Terms

ni 43-101, indicated and inferred mineral resource, palladium-equivalent, hydrometallurgical, +4 more

8 terms

ni 43-101 technical

"The 2022 NI 43-101 Indicated and Inferred Mineral Resource is 25.4 Moz..."

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

indicated and inferred mineral resource technical

"The 2022 NI 43-101 Indicated and Inferred Mineral Resource is 25.4 Moz..."

A combined estimate of a mineral deposit where 'indicated' means there is enough geological information to have a reasonable level of confidence in the quantity and quality, and 'inferred' means there is only limited data so the estimate is tentative. Think of indicated as a solid recipe and inferred as a rough sketch; together they signal potential value but not a guarantee that the minerals can be profitably mined, so investors use them to gauge opportunity and risk.

palladium-equivalent technical

"Resource is 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent..."

Palladium-equivalent is a single number that converts the combined value of multiple metals in an ore (for example palladium, platinum, gold, copper) into the amount of palladium that the mix would be worth, using current metal prices and expected processing yields. For investors it simplifies comparing the economic richness of different deposits—like converting several currencies into one—while noting the result can change with metal prices and how efficiently the metals are recovered.

hydrometallurgical technical

"hydrometallurgical testwork (chloride leaching, pressure oxidation, Kell-type..."

Hydrometallurgical describes methods that use water-based chemistry to dissolve, separate and recover metals from ores, concentrates or recycled materials, much like dissolving sugar to separate it from tea and then collecting the sugar back out. It matters to investors because these processes determine how much metal a project can realistically produce, the operating cost and environmental footprint, and therefore influence revenue potential, capital needs and regulatory risk.

pressure oxidation technical

"hydrometallurgical testwork (chloride leaching, pressure oxidation, Kell-type..."

Pressure oxidation is a high-pressure, high-temperature chemical process used to break down tough mineral ores so valuable metals can be recovered more easily, like using a pressure cooker to soften food before extracting ingredients. It matters to investors because it can substantially increase metal recovery and thus revenue, but also raises capital, operating and environmental costs and technical risk, affecting a mining project's profitability and timeline.

anti-dumping regulatory

"following anti-dumping and countervailing duty petitions filed by Sibanye-Stillwater..."

A trade policy tool used by a government to stop foreign producers from selling goods in its market at unfairly low prices, often below production cost or normal value, by imposing duties or restrictions. It matters to investors because anti-dumping measures can raise costs for importers, protect sales and margins for domestic producers, change supply chains, and quickly alter the competitive landscape and stock valuations of companies on both sides of the border—like a referee restoring a level playing field.

countervailing duty regulatory

"following anti-dumping and countervailing duty petitions filed by Sibanye-Stillwater..."

A countervailing duty is a tariff a government places on imported goods to neutralize the effect of foreign government subsidies that make those goods artificially cheap. It matters to investors because it can raise costs for importers or shield domestic producers, affecting profit margins, sales volumes and supply chains—much like a referee adding weight to balance a tipped scale, which can shift competitive advantage and stock prices.

dumping margin regulatory

"estimated a dumping margin of approximately 828% on unworked Russian palladium..."

Dumping margin is the percentage by which a product’s export price is lower than what the same product normally sells for in the exporter’s home market or a fair value benchmark. Think of it like a car dealer selling an identical model abroad for substantially less than the usual local price; the margin measures that gap. Investors care because a large dumping margin can trigger anti‑dumping duties or trade barriers that raise costs, disrupt sales, and affect a company’s revenue and supply chains.

AI-generated analysis. Not financial advice.

Issued on behalf of Greenland Mines Ltd

Critical minerals supply chains have moved from analyst footnote to White House priority. Greenland Mines (NASDAQ: GRML) is positioning its Skaergaard Project — one of the world's largest undeveloped palladium-gold-platinum deposits — as a Western-aligned answer to a structural undersupply story that the major banks are now openly pricing into 2026.

CHARLOTTE, N.C., April 30, 2026 /PRNewswire/ -- USA News Group News Commentary — In February 2026, the U.S. State Department hosted the 2026 Critical Minerals Ministerial — bringing together representatives of 54 countries and the European Commission to coordinate Western policy responses to critical minerals supply chain vulnerability. Earlier the same month, the Export-Import Bank approved a $10 billion Direct Loan for Project Vault, the most consequential single financing in EXIM's history, designed to establish a domestic strategic reserve for critical minerals. EXIM has issued $14.8 billion in Letters of Interest for critical minerals projects under the current administration. Government equity stakes have been taken in MP Materials, USA Rare Earth, Lithium Americas, Trilogy Metals, Vulcan Elements, and ReElement Technologies.

Against that policy backdrop, Greenland — the world's largest island, with a geological endowment that includes one of the largest known undeveloped palladium-gold-platinum deposits, alongside major rare-earth and uranium occurrences — has emerged as a strategic Western-aligned mining jurisdiction. And on April 27, 2026, Greenland Mines Ltd (Nasdaq: GRML) announced the appointment of SLR Consulting as Geological Consultant and Qualified Person for its Skaergaard Project — the latest in a five-week sequence of corporate developments that has built a world-class technical platform around what may be one of the most significant undeveloped Western precious metals deposits in decades.

A Re-Rating PGM Cycle Is Now Visible in Bank Forecasts

In January 2026, Bank of America Global Research raised its 2026 platinum price forecast to $2,450 per ounce — up from $1,825 — and lifted its 2026 palladium forecast to $1,725 per ounce, up from $1,525. The bank cited persistent market deficits, the dislocations of PGMs from trade disputes keeping markets tight, and the launch of physically-backed platinum and palladium futures contracts on China's Guangzhou Futures Exchange (GFEX) in the second half of 2025 as supporting price action.

On the supply side, the World Platinum Investment Council (WPIC) reports the platinum market entered a third consecutive year of supply deficit in 2025 with a shortfall of approximately 850,000 ounces, and projects that the deficit will persist through 2029 even as recycling supply grows by approximately 10% in 2026. Heraeus Precious Metals' 2026 forecast sees platinum trading in a $1,300-$1,800/oz range with deficit conditions narrowing but not closing. The 2025 platinum spot rally was approximately 127%.

"With strong demand for platinum group metals continuing, Bank of America raised its 2026 platinum price forecast to $2,450/oz from $1,825/oz and its 2026 palladium price forecast to $1,725/oz from $1,525/oz. The dislocations of PGMs from trade disputes are keeping markets tight, especially in the case of platinum."

Meanwhile, the U.S. Department of Commerce has estimated a dumping margin of approximately 828% on unworked Russian palladium imports, following anti-dumping and countervailing duty petitions filed by Sibanye-Stillwater and the United Steelworkers Union. Russia is the world's largest palladium supplier, accounting for approximately 40% of global supply. Any imposition of tariffs on currently-unspecified Russian volumes could push U.S. domestic prices materially higher and reshape import economics for North American and European refining markets.

Why This Greenland Story Stands Out Right Now

Greenland Mines Ltd (Nasdaq: GRML) is a Nasdaq-listed company with two operating divisions: a Natural Resources segment focused on the Skaergaard Project in Southeast Greenland — one of the largest undeveloped palladium, gold, and platinum deposits in the world — and a Cell and Gene Therapy division including Klotho's KLTO-202 program for ALS. The Company holds, through its acquisition of Greenland Mines Corp., an 80% interest in Skaergaard plus an option to acquire the remaining 20%. The 2022 NI 43-101 Indicated and Inferred Mineral Resource is 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices.

The differentiated story is not the resource size in isolation — junior PGM developers with large in-situ resources are rare but not unheard of. The differentiated story is the technical and strategic cadence assembled around it over the past five weeks.

The Technical Team — Built in Five Weeks

On April 27, 2026, Greenland Mines appointed SLR Consulting as Geological Consultant and Qualified Person for the Skaergaard Project. SLR — with more than 5,000 employees across 140+ offices worldwide — is the same firm that prepared the latest NI 43-101 Technical Report on Skaergaard, effective November 22, 2022, including the current Mineral Resource Estimate. The Company has positioned the appointment as providing technical continuity and execution efficiency, with SLR specialists scheduled for a return site visit in late August or early September 2026 in connection with the planned summer field program.

On April 23, 2026, the Company executed a framework agreement with GTK Mintec — the mineral processing and circular-economy pilot plant of the Geological Survey of Finland, located in Outokumpu, Finland. The facility runs approximately 100 projects per year and 8-12 industrial-scale pilot runs annually. The scope is comprehensive: advanced mineralogical characterization (MLA / QEMSCAN, EPMA), gold deportment, beneficiation testwork, hydrometallurgical testwork (chloride leaching, pressure oxidation, Kell-type, molten-salt processes), and pilot-scale processing using a 10-20 tonne bulk sample. Tailings and extractive-waste studies will be conducted on the SMARTTEST platform.

GTK Mintec's scope explicitly extends beyond the primary palladium-gold-platinum deposit to evaluate critical metals optionality — including vanadium, gallium, germanium, titanium and iron recovery from vanadium-bearing titanomagnetite zones — as well as ore sorting and pre-concentration economics. The directional implication is that the eventual Skaergaard production scenario could be a multi-product operation rather than a single-commodity precious metals mine.

Earlier in March, the Company engaged WSP Denmark for the full environmental impact assessment baseline program — the foundational regulatory work product required for project advancement under Greenlandic mining law.

The Iceland Configuration: Mine in Greenland, Process in Iceland

On April 16, 2026, Greenland Mines announced a non-binding Letter of Intent with an Icelandic industrial site owner to evaluate establishment of a downstream processing hub in Iceland. Skaergaard sits approximately 450 km west of Iceland — within direct reach of one of the lowest-cost industrial-power jurisdictions in the developed world.

According to the announcement, the LOI targets power costs potentially below US$0.03/kWh through Iceland's integrated geothermal and hydropower grid, with life-of-mine savings exceeding $1 billion against alternative on-site processing scenarios. The brownfield refurbishment approach uses existing buildings, deep-water harbor infrastructure, and grid connections — meaningfully reducing capital intensity versus greenfield development.

"Mine in Greenland. Process in Iceland. Sub-$0.03/kWh power. Life-of-mine savings exceeding $1 billion. The configuration aligns Skaergaard's development pathway with the broader strategic Western response to critical-minerals supply concentration risk."

On April 2, 2026, the Company's Greenlandic subsidiary Major Precious Greenland A/S joined the Greenland Business Association — a procedural milestone that formalizes the Company's on-the-ground operating presence and signals continued engagement with Greenlandic local commerce and stakeholder networks.

The Policy Tailwind Has Become Direct Capital

For most of the past decade, the "Western critical minerals push" has been a thesis of analyst reports and policy white papers more than a structural feature of capital markets. That has changed materially in the past 18 months.

In 2025, the U.S. Department of Defense took an approximately 15% equity stake in MP Materials alongside a 10-year, $110 per kilogram price floor on its neodymium-praseodymium oxide product. In January 2026, the Trump administration took an equity position in USA Rare Earth through the Department of Commerce. The administration has now made critical-minerals equity stakes or stock-purchase rights in at least ten companies, with six of those concentrated in critical minerals.

In February 2026, the U.S. State Department hosted the 2026 Critical Minerals Ministerial — bringing together representatives of 54 countries and the European Commission. The ministerial coincided with EXIM Bank's approval of the $10 billion Project Vault Direct Loan for a domestic strategic reserve, plus $14.8 billion in critical-minerals-related Letters of Interest issued under the current administration.

The thesis has moved from analyst footnote to balance-sheet reality. The capital is being deployed. The companies positioned in Western jurisdictions with Western-aligned ownership structures — particularly those addressing high-priority commodity gaps like PGMs and heavy rare earths — sit at the intersection of two structural tailwinds at once.

Critical Minerals & Strategic Reshoring — Comparable Set

For investors evaluating exposure to the Western critical minerals reshoring thesis, a defined U.S.-listed comparable set has emerged in the past 18 months. Each name below has reported material newsflow within the past month tied to the same policy and capital-cycle dynamics that support Greenland Mines' positioning.

Critical Metals Corp. (NASDAQ: CRML)

Critical Metals Corp. is the closest geographic and structural comp to Greenland Mines — also Greenland-focused, also Nasdaq-listed, also an early-stage developer. On April 17, 2026, the Government of Greenland approved the transfer of the remaining 50.5% interest in the Tanbreez Mining Greenland A/S to Critical Metals Corp., bringing total ownership to 92.5% of one of the world's largest heavy rare earth deposits. The stock surged approximately 23.6% on the news, lifting market capitalization to roughly $1.4 billion. In March 2026, the Company approved a $30 million acceleration program targeting first ore production Q4 2028 / Q1 2029. CRML carries a $120 million Letter of Intent from EXIM Bank and a Texas Capital Buy rating with a $20 price target initiated April 2026 — implying material upside from recent share price levels.

MP Materials Corp. (NYSE: MP)

MP Materials operates the Mountain Pass rare-earth mine and processing facility in California — the only commercial-scale rare-earth mine in the U.S. and one of only two large-scale light rare-earth production facilities outside China. The Company is the most direct beneficiary of the U.S. critical minerals onshoring push, with the Department of Defense holding an approximately 15% equity stake and a 10-year price floor of $110 per kilogram on its NdPr oxide. In February 2026, MP announced selection of Northlake, Texas for a $1.25 billion rare earth magnet manufacturing facility. On April 20, 2026, Wedbush initiated coverage with an Outperform rating and $90 price target. FY2025 revenue was $275.5 million, up 35% year-over-year.

USA Rare Earth, Inc. (NASDAQ: USAR)

USA Rare Earth is developing the Round Top Mountain heavy rare-earths and critical minerals project in West Texas, alongside a high-powered magnet manufacturing facility in Stillwater, Oklahoma. The Trump administration took an equity stake in USAR in January 2026 through the Commerce Department — the first such government investment in heavy rare earths. The Round Top mining and processing project is targeted for opening by end of 2028, accelerated approximately two years ahead of prior projections. USA Rare Earth's acquisition of U.K.-based Less Common Metals provides a processing and metal-making hub outside China.

Energy Fuels Inc. (NYSE American: UUUU)

Energy Fuels operates the White Mesa Mill in Utah — the only operating conventional uranium mill in the United States — and has expanded into rare earth element processing through the same facility. The Company processes monazite ore feed into separated rare earth oxides, positioning it as the only integrated U.S. uranium-and-rare-earth processor currently in commercial production. Energy Fuels' diversified strategic-minerals exposure — uranium, vanadium, and rare earth elements — provides a different angle on the same Western-onshoring thesis.

NioCorp Developments Ltd. (NASDAQ: NB)

NioCorp is advancing the Elk Creek Critical Minerals Project in Nebraska — one of the largest known reserves of niobium, scandium, and titanium in North America, plus rare earth potential. The Company holds a Letter of Interest from the U.S. EXIM Bank for up to $800 million in financing support, and the project is included in the U.S. Department of Energy's critical minerals strategy. The strategic logic mirrors Greenland Mines' positioning — a Western-jurisdiction developer addressing critical commodity supply gaps with structural government policy support.

Investor Q&A: Three Questions on the Greenland Mines Thesis

Q: Why does Greenland's jurisdiction matter for Western critical minerals supply chains?

A: Greenland combines a tier-one geological endowment (PGMs, heavy rare earths, uranium) with a modern regulatory regime aligned with NATO partner Denmark — and direct U.S. strategic interest, including the February 2026 Critical Minerals Ministerial that brought together 54 countries. It is one of the few large-scale, Western-aligned mining jurisdictions outside North America with the geological scale to materially shift supply concentration risk.

Q: What does the Iceland processing configuration unlock that on-site processing in Greenland can't?

A: Industrial power at potentially below US$0.03/kWh through Iceland's integrated geothermal and hydropower grid, brownfield capex versus greenfield buildout, and life-of-mine savings exceeding $1 billion against alternative on-site processing scenarios. The configuration also positions output to flow directly into North American and European refining markets. The Iceland LOI is non-binding and subject to negotiation of definitive agreements.

Q: How do recent U.S. government equity stakes in critical minerals companies frame the opportunity for Western-aligned developers?

A: The federal government has taken positions in at least ten companies under the current administration — including a 15% DoD stake in MP Materials and a Commerce Department stake in USA Rare Earth — alongside the $10 billion EXIM Project Vault Direct Loan and $14.8 billion in critical minerals Letters of Interest. Companies in Western jurisdictions addressing high-priority commodity gaps now sit at the intersection of re-rating commodity cycles and direct government capital. Government investment programs are subject to political and budgetary risk.

What to Watch From Here

Three near-term catalysts will define how the Greenland Mines story develops. First, the 2026 summer field program at Skaergaard — including the SLR site visit scheduled for late August or early September — will provide the technical foundation for the next stage of NI 43-101 work and resource definition. Second, the GTK Mintec metallurgical and pilot-plant program will produce the first integrated processing flowsheet results, including critical metals recovery economics and bulk-sample concentrate characteristics. Third, the Iceland LOI may convert to a binding agreement, formalizing the North Atlantic processing corridor configuration.

For investors evaluating exposure to the Western critical minerals onshoring thesis, the comparable set above (CRML, MP, USAR, UUUU, NB) represents the established U.S.-listed jurisdiction comparables. Greenland Mines represents the early-stage PGM-heavy component of the same broader thesis — a different angle on the same underlying policy and capital cycle.

For more information on Greenland Mines Ltd, visit www.greenlandmines.com or the investor profile at usanewsgroup.com/grml-profile/.

CONTACT:

USA News Group

info@usanewsgroup.com

(604) 265-2873

DISCLAIMER/DISCLOSURE:

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USANewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by USA News Group on behalf of MIQ. MIQ 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 article or email as the basis for any investment decision. The owner/operator of MIQ does not currently own any shares of Greenland Mines Ltd but reserves 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 disseminated by MIQ has been reviewed and approved on behalf of Greenland Mines Ltd by CDMG; this is a digital media distribution.

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 article 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. 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.

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 Company's engagements with SLR Consulting, GTK Mintec, and WSP will proceed as planned; that the Iceland LOI will progress toward a binding agreement with the cost and savings characteristics described; 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 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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FAQ

What resource does Greenland Mines (NASDAQ:GRML) report for the Skaergaard Project?

The company reports a 2022 NI 43-101 Indicated+Inferred resource of 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent. According to the company, these figures form the basis for further technical work and resource definition.

What does the SLR appointment mean for GRML's Skaergaard development timeline?

SLR is appointed as Geological Consultant and Qualified Person to provide technical continuity. According to the company, SLR will support summer 2026 fieldwork and a planned return site visit in late August or September.

How could the Iceland processing LOI affect Greenland Mines (GRML) operating costs?

The Iceland LOI targets industrial power potentially below $0.03/kWh, aiming to cut life-of-mine costs. According to the company, projected savings exceed $1 billion versus alternative on-site processing scenarios.

What will GTK Mintec testing determine for Skaergaard and GRML?

GTK Mintec will run advanced mineralogical and pilot-scale processing on a 10–20 tonne bulk sample. According to the company, results will define integrated flowsheets and critical-metals recovery economics, informing processing scenarios.

Does Greenland Mines (GRML) already control Skaergaard outright?

The company holds an 80% interest in Skaergaard and an option to acquire the remaining 20%. According to the company, this ownership structure supports project advancement while the option remains to consolidate ownership.