Resource &
concentrate
Sarfartoq’s resource and processing studies are the starting point. Future output depends on successful development.
Project overviewResource & Initial Assessment
The elements of
a changing world.
An electric vehicle accelerating. A wind turbine generating power. Both can rely on magnets made with neodymium and praseodymium. Sarfartoq brings that material story back to Greenland: a defined rare-earth resource, with Neo retaining rights to future offtake.
Sarfartoq is hosted in a carbonatite complex in Qeqqata municipality. The ST1 zone is the focus of the current resource estimate. Neodymium and praseodymium are part of the rare-earth mineral assemblage.
The project is approximately 60 km southwest of Kangerlussuaq Airport. Access and logistics form part of the development studies; proximity to infrastructure is not a completed mine-to-market route.
Company interest
100% through the acquired Neo North Star group
The acquisition closed on 1 September 2026. Neo retains rights to offtake up to 60% of future ore or concentrate production. These rights do not constitute current production or guaranteed sales.
Ownership referenceThe connection to industryNeo Performance Materials
A potential place in
the magnet supply chain.
Neo’s retained offtake rights connect the project’s development story to an established rare-earth materials business.
Resource &
Up to 60%
Neo retains rights to future ore or concentrate. That provides a potential commercial connection, not a current supply stream.
Magnet materials
Separation, metal and alloy production, and magnet manufacturing are distinct downstream steps undertaken by specialist businesses.
The resource foundationEffective 31 July 2026
Defined in the model.
Tested in the next phase.
S-K 1300 · Hybrid open-pit / underground case. Review the original report for assumptions, methodology, cut-offs and the qualified person’s conclusions.
1.60% total rare earth oxides (TREO)
Hybrid open-pit / underground case0.96% total rare earth oxides (TREO)
Hybrid open-pit / underground caseMineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred resources have a lower level of geological confidence than Indicated resources. Figures are reported separately and may be rounded.
Read the S-K 1300 technical reportFrom the field to the next milestone2026 programme
In the field.
Mapping, rock sampling and a second season of environmental baseline fieldwork completed in September 2026. Assay results were pending in the 24 September update.
Read the programme updateIn development.
Integrate field results, refine the resource model and advance metallurgical and engineering work. The company’s objective is to progress toward a Pre-Feasibility Study.
Environmental baseline fieldwork is one input to assessment and permitting. It is not an approved environmental impact assessment or an exploitation licence.
