Greenland Mines Appoints SLR Consulting as Geological Consultant and Qualified Person for Skaergaard

Rhea-AI Summary

Greenland Mines (Nasdaq: GRML) appointed SLR Consulting as geological consultant and Qualified Person for the Skaergaard Project in East Greenland on April 27, 2026. SLR will support resource definition, drill and bulk-sample planning, mine planning, metallurgy, processing flowsheet work, and a planned site visit in Aug–Sep 2026.

SLR prepared the effective Nov 22, 2022 NI 43-101 Technical Report for Skaergaard and brings global mining advisory capacity (5,000+ staff, 140+ offices) to Greenland Mines' technical team alongside GTK Mintec and WSP.

Positive

• Appointment of SLR as Qualified Person adds established NI 43-101 continuity
• SLR brings broad technical scope: resource definition, metallurgy, mine planning
• Planned SLR site visit in Aug–Sep 2026 supports 2026 field season execution
• SLR's global scale (5,000+ employees, 140+ offices) strengthens advisory capacity

Negative

• None.

News Market Reaction – GRML

-2.87%

10 alerts

-2.87% Session close to close

-7.6% Trough in 27 hr 41 min

$58.76M Market Cap

0.4x Rel. Volume

In the Apr 27 session, GRML declined 2.87%, reflecting a moderate negative market reaction. Argus tracked a trough of -7.6% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Greenland Mines’ continued build-out of Skaergaard’s technical foundati...

Analysis

This announcement highlights Greenland Mines’ continued build-out of Skaergaard’s technical foundation by appointing SLR as geological consultant and Qualified Person, following earlier logistics, metallurgy, and downstream planning steps. SLR’s prior work on the November 22, 2022 NI 43-101 Technical Report and Mineral Resource Estimate adds continuity. Investors may watch how this integrated advisory team supports upcoming 2026 field activities and future technical milestones for the project.

Key Figures

Global workforce: more than 5,000 employees Office footprint: more than 140 offices Technical report date: November 22, 2022 +5 more

8 metrics

Global workforce more than 5,000 employees SLR Consulting global operations

Office footprint more than 140 offices SLR Consulting worldwide locations

Technical report date November 22, 2022 Effective date of latest NI 43-101 Technical Report on Skaergaard

Planned site visit window late August or early September 2026 Contemplated SLR return site visit to Skaergaard

Current price $0.4847 Pre-news market context for GRML

1-day move 7.85% Price change over prior 24 hours

52-week range $0.2691–$0.5269 52-week low and high for GRML

Market cap $54,484,654 Equity value before this news

Historical Context

5 past events · Latest: Apr 23 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 23	Metallurgy engagement	Positive	-5.9%	GTK Mintec engaged for comprehensive metallurgical and processing flow program.
Apr 16	Downstream LOI	Positive	+4.2%	LOI to evaluate Icelandic brownfield site and broader downstream strategy.
Apr 02	Industry association	Positive	-1.6%	Subsidiary joined Greenland Business Association to deepen local engagement.
Mar 25	Logistics charter	Positive	-5.2%	Charter of icebreaker M/V Argus to support 2026 Skaergaard field program.
Mar 23	Nasdaq extension	Positive	+3.4%	180-day extension to regain Nasdaq minimum bid price compliance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Operational and project-development news has often seen mixed to negative immediate price reactions, even when the announcements are strategically positive.

Recent Company History

Over the last month, Greenland Mines has issued a series of Skaergaard-focused updates, including chartering the M/V Argus logistics vessel, joining the Greenland Business Association, engaging GTK Mintec for metallurgical and processing work, and outlining downstream processing options via an Icelandic LOI. It also received a Nasdaq bid-price compliance extension through September 14, 2026. Today’s appointment of SLR as geological consultant and Qualified Person continues this pattern of building technical and strategic capacity around Skaergaard.

Key Terms

qualified person, ni 43-101 technical report, mineral resource estimate, metallurgy, +2 more

6 terms

qualified person regulatory

"appointment of SLR Consulting as geological consultant and Qualified Person for the Skaergaard Project"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

ni 43-101 technical report regulatory

"including the latest NI 43-101 Technical Report and the 2022 Mineral Resource Estimate"

A NI 43-101 technical report is a standardized, legally required study used in Canada that describes a mining project’s geology, exploration work, and estimates of how much mineral or ore might exist. Think of it as an independent inspector’s blueprint that explains the data, methods, and uncertainties behind those estimates so investors can judge how reliable the claims are and compare projects on a consistent basis.

mineral resource estimate technical

"including the latest NI 43-101 Technical Report and the 2022 Mineral Resource Estimate"

A mineral resource estimate is a calculated approximation of how much metal or mineral material likely exists in a particular deposit and where it sits underground, similar to estimating how many cookies are in a jar by peeking at the layers. It matters to investors because it provides a data-based starting point for judging a project's potential value, future production and risks, while not guaranteeing recoverable or profitable amounts.

metallurgy technical

"across geology, metallurgy, mine engineering, environmental studies, and project development"

Metallurgy is the science and practice of extracting, shaping and treating metals to give them the properties needed for use — for example strength, resistance to rust, or electrical conductance. For investors, metallurgy matters because the methods and costs of producing and processing metals affect a company’s margins, product quality, regulatory compliance and supply risk; think of it as the recipe and cook-time that determine whether a metal product is fit for market and profitable to make.

processing flowsheet technical

"metallurgy, processing flowsheet development and mine engineering work"

A processing flowsheet is a clear, step-by-step diagram of how a product is made or a procedure is carried out, showing each stage, inputs, outputs and key controls. For investors, it reveals how complex and reliable a production or development process is—highlighting potential bottlenecks, quality or regulatory risks, and where costs or capacity limits may arise; think of it as a recipe that exposes which steps are most likely to slow production or fail inspection.

mine engineering technical

"processing flowsheet development and mine engineering work, in coordination with GTK Mintec"

Mine engineering is the discipline that designs, plans and oversees how mineral deposits are safely and efficiently extracted from the ground, covering tunnel layout, ground support, ventilation, water control and ore handling. For investors it matters because engineering decisions determine a mine’s production rate, operating costs, safety record and long-term recoverable resources — much like a building’s blueprint and maintenance plan determine its value and running costs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHARLOTTE, N.C., April 27, 2026 /PRNewswire/ -- Greenland Mines Ltd (Nasdaq: GRML) ("Greenland Mines" or the "Company") announces the appointment of SLR Consulting ("SLR") as geological consultant and Qualified Person for the Company's Skaergaard Project in East Greenland. The appointment further strengthens Greenland Mines' technical platform as the Company advances Skaergaard through its next stage of work and continues to assemble a high-caliber team of specialist advisors across geology, metallurgy, mine engineering, environmental studies, and project development.

Bo Møller Stensgaard, Greenland Mines President, commented, "The appointment of SLR Consulting as geological consultant and Qualified Person for the Skaergaard Project provides a major advantage for Greenland Mines in that SLR already knows Skaergaard well through its earlier work on the Project, including the latest NI 43-101 Technical Report and the 2022 Mineral Resource Estimate.

"SLR is a highly respected international consultancy with deep technical capabilities and has assembled a strong team of specialists who can contribute across several important aspects of Skaergaard's continued advancement. They will serve both as geological consultant and Qualified Person and also are expected to play a broader technical role in shaping the next phase of Skaergaard's development. This includes support for mining operations definition, mining methods, mine planning, metallurgy, processing flowsheet development and mine engineering work, in coordination with GTK Mintec, WSP and the rest of the Greenland Mines technical team.

"We believe this gives Skaergaard a particularly strong and integrated technical foundation as we move into the 2026 field season and as we continue to systematically unlock the full potential of Skaergaard."

SLR is a well-established international consultancy with a strong reputation across mining advisory, technical reporting, engineering, and sustainability services. SLR has more than 5,000 employees across more than 140 offices worldwide, while its mining advisory practice spans exploration, Mineral Resource and Mineral Reserve work, mine engineering, metallurgy, due diligence and technical studies across the mining lifecycle.

For Greenland Mines, the appointment is especially valuable because SLR already has direct familiarity with the Skaergaard Project. SLR Consulting Canada Ltd. prepared the latest NI 43-101 Technical Report on Skaergaard, effective November 22, 2022, including reporting of the current Mineral Resource Estimate.

The Company believes that SLR's prior involvement, previous site visits and established understanding of geology and mineralization, as well as the recent and historical amount of data and project setting, will support efficient execution and strong technical continuity as work progresses.

Under the current framework, SLR will support Greenland Mines across a broad range of geological, technical and project-advancement activities, including resource definition-related work, drill and bulk-sample planning, project database development, mining and development roadmap work, and input into mining methods, mine planning, metallurgy, processing flowsheet definition and mine engineering studies intended to help advance Skaergaard toward future technical milestones. The agreement also contemplates a return site visit by SLR specialists in late August or early September 2026 in connection with the Company's planned summer field activities.

Greenland Mines also expects SLR to work closely with the other leading consultants already engaged on the Project. This includes GTK Mintec, in relation to metallurgical and processing flow sheet and pilot test work, and WSP, who's previously announced environmental baseline mandate forms part of the broader technical work program around Skaergaard. The Company believes this combination creates an unusually strong and complementary team of advisors for the Project, bringing together expertise across geology, metallurgy, infrastructure, environmental work and development planning.

About Greenland Mines Ltd

Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits in the world; and 2) Cell and Gene Therapy, including Klotho's KLTO-202 primary indication for ALS. The Company holds, through its recent acquisition of Greenland Mines Corp., an 80% interest in, and 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 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The Company is led by an experienced team of mining, geological, biotech, and capital markets professionals.

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.

The Mineral Resource Estimates referenced in this press release 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.

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

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SOURCE Greenland Mines Ltd

FAQ

Who is SLR Consulting and what role will it play for Greenland Mines (GRML)?

SLR Consulting is an international mining consultancy serving as geological consultant and Qualified Person for Skaergaard. According to Greenland Mines, SLR will support resource definition, drill and bulk-sample planning, metallurgy, processing flowsheet work, mine planning, and other technical studies.

Does SLR have prior experience with the Skaergaard Project (GRML)?

Yes. According to Greenland Mines, SLR prepared the NI 43-101 Technical Report effective November 22, 2022, and has prior site familiarity and understanding of Skaergaard geology and the existing Mineral Resource Estimate.

When will SLR specialists visit the Skaergaard site for Greenland Mines (GRML)?

A return site visit is planned for late August or early September 2026. According to Greenland Mines, the visit will align with the Company's planned summer field activities and support ongoing field and technical work.

How will SLR work with other consultants on the Skaergaard Project (GRML)?

SLR will coordinate with GTK Mintec and WSP and other advisors to integrate geology, metallurgy, processing and environmental work. According to Greenland Mines, this aims to create a complementary technical team for project development.

What technical areas will SLR support to advance Skaergaard for Greenland Mines (GRML)?

SLR will support resource-definition work, drill and bulk-sample planning, database development, mining methods, mine planning, metallurgy and processing flowsheet definition. According to Greenland Mines, these inputs are intended to help advance Skaergaard toward future technical milestones.