Greenlandmines NASDAQ GRMLPrecious metals.
Magnet rare earths.
Two distinct opportunities in Greenland.
GreenlandminesThe portfolio / Nasdaq: GRMLA layered intrusion containing palladium, gold and platinum mineralisation.
Company interest.
Option for the remaining 20%.
Processing testwork and an Initial Assessment following the completed 2026 field programme.1, 2
A carbonatite-hosted rare-earth project with exposure to permanent-magnet materials.
Acquisition completed in 2026.
Neo North Star Resources acquired.
Neo Performance Materials holds offtake rights to up to 60% of future ore or mineral concentrate.3
Defined mineral resources. Completed field programmes.
A focused next phase of technical work.
Greenlandmines01 / SkaergaardAn established resource base. A completed 2026 field programme advancing the next phase of technical work.
Palladium equivalent
Palladium equivalent
100% project basis · Effective 3 July 2026 · 80% company interest.1
Diamond drilling
across 17 completed holes.2
Greenlandmines02 / SarfartoqAt 1.60% TREO
At 0.96% TREO
ST1 · Hybrid scenario · Effective 31 July 2026.
TREO: total rare-earth oxides.3
Strategic shareholder with rights to up to 60% of future ore or mineral concentrate for its Silmet facility in Estonia.3
Geological mapping, outcrop surveys and rock sampling. Assays were pending at the 24 September update.4
Infill drilling, pilot metallurgical work, engineering and environmental studies to advance toward pre-feasibility.3
Rare by nature.Defined by what comes next.GreenlandminesThe Greenland settingA carbonatite complex with rare-earth mineralisation. Approximately 60 km southwest of Kangerlussuaq Airport.
A layered intrusion beside the Denmark Strait. An Iceland-linked processing strategy is under evaluation.
GREENLANDKALAALLIT NUNAATGreenlandminesMaterial connectionsPermanent-magnet motors convert electrical energy into movement—in electric vehicles and selected wind generators.
Sarfartoq / Magnet rare earthsCatalytic metals help convert carbon monoxide and unburned hydrocarbons into less harmful gases.
Skaergaard / Palladium & platinumGold-plated contacts help resist corrosion in aircraft connectors and other demanding electrical applications.
Skaergaard / GoldMaterial applications, not company products or customer relationships. Designs and material specifications vary.
GreenlandminesThe strategic dimension
Magnet chemistry and qualification depend on the application. Neodymium-iron-boron and samarium-cobalt serve different requirements.
Pituffik supports missile warning, missile defence and space surveillance. Mineral development is a separate, longer-term opportunity.
No Greenland Mines supply relationship with Pituffik, a defence manufacturer or a platform shown is asserted.
GreenlandminesSarfartoq / The downstream connectionRights to offtake up to 60% of future
ore or mineral concentrate
Following the Sarfartoq transaction, Neo retained equity exposure to Greenland Mines and offtake rights.
Neo operates in rare-earth separation, metals, alloys and magnet materials. Its retained interest provides a potential commercial link to the downstream industry.
Resource development
Future ore or concentrate
Separation
Metals & alloys
Manufacturing
Application qualification
Conceptual value chain. Future production and sales are not established; definitive offtake arrangements and development work remain necessary.
GreenlandminesSkaergaard / The next technical phase
Evaluate the new data
Integrate drilling and sample results into the geological interpretation.
Test recovery and processing
Metallurgical work with GTK and processing-flowsheet development.
Examine development options
Advance technical work toward an Initial Assessment.
GreenlandminesAnorTech / Strategic equity investmentAnorTech owns the Gronne Bjerg anorthosite project and is developing alumina and other industrial-material pathways.
The additional option was exercised on 5 October. Completion remains subject to exchange acceptance and customary closing conditions. Assets and technology remain with AnorTech.
Laboratory work advancing toward pilot testing.
Refractory and printable cement research.
Earth-based simulants and construction-material research; no lunar deployment established.
GreenlandminesCorporate platform / CapitalRaised over the preceding week, according to the company’s financing announcement.
Capital raised is not a current cash balance.Exploration, metallurgical and engineering work across the Greenland portfolio.
The company stated that financing supports its planned programmes and 2027 milestones.
Blair Jordan and Peter Love joined the board in the September announcement, adding finance and mining experience.
GreenlandminesThe next chapterCompleted2026 mapping, sampling and environmental baseline fieldwork.
NextIntegrate assays, upgrade resources and progress scaled metallurgy and engineering toward pre-feasibility.
Completed4,480 m of drilling and more than 100 tonnes of bulk material collected.
NextEvaluate drill results, undertake processing testwork and advance an Initial Assessment.
AnnouncedOption exercised to increase the equity interest to 19.9%.
NextClosing confirmation and updates on the planned pilot programme and materials research.
Company objectives, not guaranteed dates or outcomes. Technical results, funding, approvals and execution govern advancement.
GreenlandminesTechnical notes / Investor informationResources do not demonstrate economic viability. Inferred material has greater geological uncertainty than Indicated material; the categories are reported separately.
Skaergaard: 100% project basis; Greenland Mines holds 80%. Effective 3 July 2026. PdEq uses prices, recoveries and cut-offs in the SLR report.
Sarfartoq: hybrid open-pit / underground scenario. Effective 31 July 2026. TREO means total rare-earth oxides.
Planned studies, processing routes, potential offtake, transactions and future production depend on technical results, funding, approvals, counterparties, market conditions and execution.
No manufacturer, defence customer, government endorsement or current production capability is implied. AnorTech’s assets and technology belong to AnorTech.
First version / 7 October 2026
For company review before investor distribution.