Greenland Rare Earth Project Books Its First Indicated Resource
The report outlines 6.9 million tonnes of indicated resources and a hybrid open-pit and underground mine plan that could advance financing and development.
- On Tuesday, Greenland Mines Ltd released an independent Initial Assessment for the Sarfartoq Nd-Pr Rare Earth Element Project in southwest Greenland, marking the first S-K 1300 resource classification for the deposit.
- Held under Greenland Exploration License MEL 2020-32, Sarfartoq is expected to produce approximately 34% of all NdPr oxide refined outside China annually at 2025 consumption levels, positioning it as a critical Western rare earth alternative.
- Independent analysis under Regulation S-K 1300 models a hybrid open-pit and underground mining scenario, estimating 6.9 million tonnes of Indicated Mineral Resources at 1.60% TREO and 5.3 million tonnes of Inferred Mineral Resources at 0.96% TREO.
- The high-case scenario projects a pre-tax Net Present Value of approximately US$2.05 billion at an IRR of 118.6%, while Neo Performance Materials Inc. retains offtake rights on up to 60% of future concentrate production as a strategic shareholder.
- Greenland Mines President Bo Møller Stensgaard called the ST1 deposit "the foundation of a major new Western rare earth district," with technical teams scheduled to return in September to expand exploration across the 191-square-kilometer license.
18 Articles
18 Articles
St Catharines Standard
Greenland Rare Earth Project Books Its First Indicated Resource
CHARLOTTE, N.C., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Equity Insider News Commentary - There is a line in a rare earth project’s life where the conversation changes, and it is not the discovery. It is the moment part of the…
The Toronto Star
Greenland Mines Sarfartoq Nd-Pr Rare Earth Project Valued Up to US$2.05 Billion With Pre-Tax IRR of 118.6% and Significant Additional Upside Potential
Maiden S-K 1300 economic study represents only the ST1 Nd-Pr rare earth deposit within the Sarfartoq REE carbonatite district
Globe Newswire
Financial PostGreenland Mines Delivers Landmark S-K 1300 Mineral Resource Estimate for Sarfartoq in Greenland; First-Ever Indicated Resource and First Combined Open Pit/Underground Resource for the Critical Nd-Pr Magnet Rare Earths Project
Independent Tetra Tech and GeoSim Technical Report Summary confirms high-grade resource enriched in the most valuable magnet rare earths — Nd, Pr, Dy and...
Mining Brief: Greenland Rare Earth Project Books Its First Indicated Resource
Equity Insider News Commentary Charlotte, NC - August 25, 2026 - There is a line in a rare earth project’s life where the conversation changes, and it is not the discovery. It is the moment part of the deposit crosses from Inferred into Indicated under a standard a regulator recognizes, be
Greenland Mines (GRML) Reports First S-K 1300 Indicated Resource, Hybrid Mining Estimate for Sarfartoq
LOS ANGELES, CA - August 24, 2026 (NEWMEDIAWIRE) - Greenland Mines (NASDAQ: GRML) announced an independently prepared S-K 1300 Technical Report Summary (“TRS”) for its Sarfartoq Nd-Pr Rare Earths Project in southwest Greenland, marking the first time the project has reported a portion of its resource in the Indicated Mineral Resource category under an SEC-recognized reporting standard. The report, prepared by Tetra Tech Canada Inc. and GeoSim Se…
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