Greenland Mines (NASDAQ:GRML) has completed its 2026 field program at the Skaergaard Project in southeast Greenland, collecting material for metallurgical test work and investigating gallium and vanadium as potential additional products.
The program included 4,480m of diamond drilling and more than 105 tonnes of bulk material collected from gold and palladium-platinum mineralised horizons.
The company says the material will support larger-scale metallurgical testing and development of a processing flowsheet for Skaergaard.
Greenland Mines is also assessing vanadium-bearing titanomagnetite, iron, and gallium alongside the project’s palladium, platinum, and gold mineralisation. No economic value has yet been assigned to the potential by-products.
The company’s 2026 S-K 1300 mineral resource estimate comprises 15 million ounces (Moz) of palladium equivalent in indicated resources and 17.49Moz in inferred resources.
Further work will focus on metallurgy, geotechnical engineering, mine planning, infrastructure, and environmental studies as the company works towards an initial assessment.
The program follows a recent capital raising that lifted Greenland Mines’ total funding raised to more than US$59 million ($84.98 million).
On 28 September, the company agreed to issue 1.32 million shares at US$13 each through a registered direct offering, with expected net proceeds of about US$17.2 million.
Greenland Mines says the funds, together with existing cash, will support its Greenland mining operations, working capital, and planned development programs.
The company also owns the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland.
Write to France Pinzon at Mining.com.au
Main image: Greenland Mines
