Greenland Mines (NASDAQ: GRML) Commences 2026 Drilling at Skaergaard Project

, Greenland, August 11th, 2026, FinanceWire

Greenland Mines (NASDAQ: GRML) announced that drilling has commenced at its Skaergaard gold, palladium and platinum project in southeast Greenland following the arrival of its support vessel Argus and successful mobilization of equipment and infrastructure ashore. Diamond drill rigs supplied and operated by Nordisk Fundering, including two new heli-portable units, have been assembled and are operating, with the first holes expected to be completed within days. Initial LiDAR drone surveys have also been completed, approximately one-third of planned drill locations have been identified and marked and the Sødalen airstrip has been confirmed operational.

The 2026 field program is designed to support further upgrading of the Skaergaard Mineral Resource, advance metallurgical and engineering studies through bulk sampling and generate environmental, geotechnical and infrastructure data needed to move the project toward an Initial Assessment and its next phase of development. Greenland Mines said the team is positioned to execute the program over the coming two months with Argus on site, equipment ashore and drilling underway.

To view the full press release, visit https://ibn.fm/1LRbQ

About Greenland Mines

Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) Biotech, including 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.

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