The Business is likewise in conversations with extra celebrations and stakeholders in Iceland and in the more comprehensive North Atlantic area about these alternatives and assistance for these.
This forms the initial step in the Business’s method as it benefits from its distinct area, to assess several near commercial websites around Iceland and the North Atlantic with the function of recognizing prospective places for a future downstream processing center for product from the Business’s Skaergaard Gold, Palladium, Platinum and Important Metals Task in East Greenland.
Crucial element of the North Atlantic processing method, which might conserve over $1 billion in life of mine energy expenses while producing green Palladium, Platinum and Gold and Important Minerals as final product, consist of the following:
The tactical program concentrates on recognizing big, industrial-zoned locations in Iceland in the variety of around 100,000– 200,000 square meters, with deep-water harbor gain access to, capacity for existing commercial structures and heavy structures, and power-grid connections to Iceland’s low-carbon geothermal and hydropower system.
Numerous of the websites under evaluation and conversation consist of considerable brownfield commercial complexes that might be reasonably cost-effectively reconditioned and repurposed for Skaergaard’s processing requirements, possibly lowering both capital expenses and building timelines while re-using existing facilities in an accountable method.
Beyond power, Iceland provides an uncommon mix of year-round, ice-free deep-water ports, developed commercial park structures, an knowledgeable commercial labor force, and distance to both Europe and The United States And Canada. Building expense and time for a big commercial complex would likewise be lower in Iceland.
Skaergaard lies approximately 400 km from deep-water centers in northwestern Iceland and around 600 km from the ReykjavÃk location, representing an approximated bulk-carrier cruising time on the order of about 20– 30 hours, which even more highlights the logistical fit in between mine-site operations in East Greenland and a future processing center in Iceland.
For Skaergaard, that produces the possibility of an incorporated North Atlantic worth chain: ore mined and focused in East Greenland, delivered a fairly brief range to Iceland for low-carbon processing, and from there into European and North American critical-minerals supply chains.
The Business sees this as completely lined up with a growing policy concentrate on protected, transparent and geopolitically robust supply paths for important and tactical metals, and with more comprehensive North Atlantic cooperation on facilities, security and financial advancement.
This North Atlantic processing effort runs in parallel with the Business’s continuous technical, ecological and allowing work at Skaergaard, and forms a core part of its method to methodically de-risk the job’s advancement path ahead of future research study turning points.
The Business anticipates the findings from this Iceland site‑evaluation program to feed into future technical research studies for Skaergaard and will upgrade the marketplace as product turning points are reached.
About Greenland Mines Ltd
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, April 16, 2026/ PRNewswire/– Greenland Mines Ltd (” Greenland Mines” or the “Business”) (NASDAQ: GRML) has actually participated in a non-binding Letter of Intent with an Icelandic commercial website owner, offering a concrete structure for technical, industrial, and allowing conversations. Examining several big commercial zoned websites in Iceland
- , possibly with existing commercial structures and centers that can be reconditioned, with deep water harbor gain access to and robust power grid connections for a future Skaergaard processing center Leveraging Iceland’s low-carbon geothermal and hydropower system
- to target a step-change in processing power expenses and substantially lower the general job carbon footprint Reconditioning considerable brownfield commercial complexes where possible
- , lowering capital strength and timelines by re-using existing structures, heavy structures and other facilities Embedding Skaergaard within a wider North Atlantic critical-minerals passage
- , connecting first-rate geology in Greenland with first-rate energy, facilities and logistics in Iceland for protected supply into North American and European markets Bo Møller Stensgaard, President of Greenland Mines, commented,
” By moving now to assess several commercial websites in Iceland– and by currently having a signed non binding Letter of Intent in location for such an activity with a regional commercial website owner– we are turning our North Atlantic processing vision into a real, structured program. Changing diesel based power with hydropower can equate into 10s of countless dollars in yearly cost savings for a complete scale plant, which is the sort of step-change that matters for a task like Skaergaard. ” Our objective is to develop an
incorporated North Atlantic important minerals passage that financiers and federal governments alike can support: world class geology and strong regulative resource structure in Greenland, world class green and low-cost energy and facilities in Iceland, and a clear path into North American and European worth chains and commercial eco systems. This is how we plan to separate Skaergaard and to keep including worth for our investors as we take the job through its next advancement stages.” An essential chauffeur behind the Iceland method is power expense and carbon footprint. In lots of remote Arctic places, massive mineral processing would count on diesel-based power generation, where all-in power expenses can quickly enter into US$ 0.20 per kWh or greater. By contrast, long-lasting commercial users in Iceland making use of geothermal and hydropower have actually traditionally protected materially lower efficient tariffs, and the Business thinks that a reasonable goal for a future big industrial-scale processing operation is to lower power expenses to possibly listed below US$ 0.03 per kWh.
Equivalent commercial usage in Iceland, for instance, would be for the big aluminum smelters in Iceland that are presently in operation. At a major processing center with a constant need on the order of, for instance, 50 MW (ca. 430 GWh annually), this illustrative represents a prospective transformative enhancement in job economics and strength through the cycle. The prospective cumulative Life of Mine cost savings might go beyond $1 billion relative to a diesel-based Arctic operation.
As part of this emerging North Atlantic worth chain principle, Greenland Mines is likewise examining pre-processing alternatives in Greenland, such as squashing and ore-sorting to produce a semi-upgraded item before delivery to Iceland for downstream extraction and refining in Iceland. This is among the situations being thought about. Such a staged technique might lower shipping volumes and enhance energy usage in between Greenland and Iceland and even more improve Skaergaard’s general financial and ecological efficiency, based on future technical research studies and allowing.
For financiers, the mix of among the world’s biggest undeveloped palladium-gold-platinum resources with extra prospective important and bulk metals, such as vanadium, gallium, titanium and iron, in Greenland with the possibility of a low-carbon, inexpensive, infrastructure-rich processing center in Iceland represents a effective, separated chance. It speaks straight to job economics, ESG efficiency, jurisdictional quality, structural financial investments and advancements, and long-lasting tactical importance.
For federal governments and policy-makers, the principle provides a concrete example of cross-border commercial advancement in the North Atlantic, leveraging complementary strengths– geology in Greenland, energy and facilities in Iceland, advancement and security in the North Atlantic and important metals for Western allies — in a manner that supports critical-minerals strength, commercial and certified advancement within robust regulative structures, environment goals and local stability.
As a NATO member with an inactive however possibly soon-to-be-re-activated EU accession track, and with the capability to host green geothermal-powered processing of Skaergaard metals rather of diesel-generated power, Iceland supplies a distinctively tactical bridge into European and North American transatlantic markets for low-carbon, security-of-supply lined up metals under developing environment and critical-raw-materials policies. Skaergaard thus becomes a prospective massive, commercial- and policy-aligned chance for climate-friendly “green” gold, palladium, platinum, vanadium, gallium, iron, steel and titanium.
Notably, any prospective advancement of activities in Iceland and Greenland will go through reputable ecological and social regulative structures and approval, consisting of total allowing, ecological and social effect evaluations and structured neighborhood assessment. Greenland Mines is completely devoted to ecological compliance — not just to secure nature and the environment, however likewise to place Skaergaard as an appealing platform for prospective tactical and funding collaborations as the job advances and as a dependable, appealing and long-lasting partner to downstream commercial users of valuable, important and bulk metals.
Greenland Mines Ltd is a Nasdaq-listed business with 2 running departments: (1) Natural Resources, concentrated on the expedition and advancement of the Skaergaard Task in Southeast Greenland, among the biggest undeveloped palladium, gold, and platinum deposits on the planet; and 2) Cell and Gene Treatment, consisting of Klotho’s KLTO-202 main indicator for ALS. The Business holds, through its current acquisition of Greenland Mines Corp., an 80% interest in, and choice to obtain the staying 20% of, the Skaergaard Task, which hosts a 2022 NI 43-101 Shown and Presumed Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource worth of around $68 billion based upon February 2026 metal costs. The Business is led by a knowledgeable group of mining, geological, biotech, and capital markets experts.
This news release includes positive declarations. These declarations are made under the “safe harbor” arrangements of the U.S. Personal Securities Lawsuits Reform Act of 1995. These positive declarations normally are recognized by the words “think,” “job,” “anticipate,” “prepare for,” “price quote,” “plan,” “method,” “future,” “chance,” “strategy,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and comparable expressions. Without restricting the generality of the foregoing, the positive declarations in this news release consist of descriptions of the Business’s future industrial operations. Positive declarations are forecasts, forecasts and other declarations about future occasions that are based upon existing expectations and presumptions and, as an outcome, go through dangers and unpredictabilities. Lots of elements might trigger real future occasions to vary materially from the positive declarations in this news release, such as the Business’s failure to execute its service strategies, determine and understand extra chances, or satisfy or surpass its monetary forecasts and modifications in the regulative or competitive environment in which the Business runs. You need to thoroughly think about the foregoing elements and the other dangers and unpredictabilities explained in the files submitted or to be submitted by the Business with the U.S. Securities and Exchange Commission (the “SEC”) from time to time, which might trigger real occasions and results to vary materially from those consisted of in the positive declarations. All info offered herein is since the date of this news release, and the Business carries out no commitment to upgrade any positive declaration, other than as needed under suitable law.
The Mineral Resource Quotes referenced in this news release were prepared in accordance with NI 43-101 by SLR Consulting as revealed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have actually shown financial practicality. The gross undiscounted in-situ metal worths revealed herein are illustrative estimations utilizing February 2026 metal costs and do not represent mining healings, metallurgical losses, capital expenses, running expenses, royalties, taxes, allowing requirements, or any other technical or financial elements. These worths are not a sign of future income, job economics or net present worth. No initial financial evaluation, pre-feasibility research study, or expediency research study has actually been finished on the Skaergaard Task, and there is no certainty that the Mineral Resources revealed will be transformed to Mineral Reserves or that a financially feasible mining operation can be developed.