Hi Folks,
Greenland Mines Ltd. (Nasdaq: GRML) announced two important milestones this morning from its 2026 field season at the Skaergaard Project in southeast Greenland.
The developments are technical—but together they point to something much more important:
Skaergaard is moving deeper into active project development.
Two Milestones Worth Watching
First, GRML has successfully completed its 2026 bathymetric survey, covering more area than originally planned.
The high-resolution seabed mapping has already been put to work.
GRML used the new data to safely position its support vessel Argus just 500 meters from the initial operational area in the western portion of Skaergaard's outcropping gold, palladium and platinum mineralized zone.
The data is also expected to help inform new official navigational charts and future planning for the marine infrastructure and large-scale shipping operations that could eventually be required at Skaergaard.
That's significant.
Developing a major mineral deposit isn't just about what's underground. It's also about building the infrastructure needed to access, develop and potentially transport it.
Drilling Reaches Another Milestone
At the same time, GRML has completed all HQ-diameter drill core required for its planned multiton metallurgical bulk sample.
The program has now transitioned to NQ-size core drilling for the resource-definition and geotechnical work planned through the remainder of the season.
GRML has also completed a fully operational on-site core shack for logging, sampling and storing drill core.
So this is becoming much more than a drilling campaign.
The 2026 program includes:
• Resource-definition drilling
• Metallurgical bulk sampling
• Environmental baseline studies
• Marine surveying and infrastructure planning
Together, this work is intended to move Skaergaard toward an Initial Assessment and its next stage of development.
A Major Resource Moving Forward
Skaergaard is described as one of the world's largest undeveloped palladium, gold and platinum deposits.
And its location could become increasingly important.
GRML's longer-term vision is a North Atlantic Critical Metals Corridor potentially connecting upstream mineral production in Greenland with downstream processing and logistics infrastructure in Iceland.
The company holds a First Right of Refusal on the Helguvik industrial complex in Iceland, a brownfield site with existing infrastructure, deep-water port access and low-cost renewable grid power approximately 400 kilometers by sea from Skaergaard.
The concept is straightforward:
• Greenland resources.
• Potential Icelandic processing and logistics.
• Access to Western markets.
There is still considerable work ahead. Skaergaard remains a development-stage project, and substantial technical, permitting, financing and development work would be required before potential commercial production.
But today's update shows something investors should pay attention to:
GRML is executing.
• The marine survey is complete.
• The metallurgical core milestone has been reached.
• NQ drilling is underway.
• And the 2026 field season continues to advance.
For investors following Skaergaard, 2026 is increasingly becoming a year of execution rather than preparation.
Keep GRML on your watchlist.
To your success,
Sam Kremer
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