Greenland Mines (NASDAQ: GRML) applauded the announced security agreement among the United States, Denmark and Greenland, which provides for an expanded and enduring U.S. security presence in Greenland and limits the ability of U.S. adversaries to establish military positions or make sensitive investments there. The company said the agreement reinforces Greenland’s growing strategic importance, including its role in supplying critical minerals required for defense, advanced technology and energy security.
Greenland Mines highlighted its Sarfartoq and Skaergaard mineral assets, noting that Sarfartoq’s Initial Assessment includes a high-case pre-tax NPV of approximately $2.05 billion. Planned annual neodymium-praseodymium (“NdPr”) oxide production would represent approximately 34% of all NdPr oxide currently refined outside China at 2025 consumption levels. The company believes the projects could contribute to a secure allied critical-minerals supply chain and its broader North Atlantic Critical Metals Corridor vision.
To view the full press release, visit: https://ibn.fm/1xXaQ
About Greenland Mines
Greenland Mines Ltd. (Nasdaq: GRML) is a Western-aligned critical-minerals developer advancing the Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland and the Skaergaard palladium-platinum-gold project in southeast Greenland. The Company’s strategy is focused on advancing high-quality Greenlandic mineral assets capable of supporting diversified and secure Western critical-minerals supply chains.
NOTE TO INVESTORS: The latest news and updates relating to GRML are available in the company’s newsroom at https:/ibn.fm/GRML
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