Greenland Mines signs drilling contract for 2026 Skaergaard program

Greenland Mines Ltd (Nasdaq: GRML) has signed a diamond drilling contract with Nordisk Fundering A/S for its 2026 field campaign at the Skaergaard precious and critical metals project in southeast Greenland, where the company holds an 80% ownership stake.

The drilling program is planned to cover approximately 7,500 meters using three helicopter-portable diamond core rigs. The campaign is designed to support resource-category advancement, metallurgical data collection, and geotechnical characterization for potential open-pit development evaluation.

Nordisk Fundering is a Scandinavian drilling contractor with Arctic and Greenland operating experience. The company's geotechnical drilling background is cited as relevant to the campaign, as a portion of the planned drilling is intended to contribute to rock-mass characterization for future mine planning.

The program will use a mix of HQ and NQ core drilling in vertical and angled holes. Greenland Mines has also contracted helicopter support and previously secured an icebreaker and accommodation vessel with a helicopter platform for the season's logistics.

Metallurgical and processing work at Skaergaard is being carried out in parallel by GTK Mintec, including flowsheet development and test work.

Bo Møller Stensgaard, President of Greenland Mines, said the contract signing represents "another important execution milestone," adding that the company is combining drilling, metallurgy, bulk-sample preparation, logistics, and fieldwork "in a coordinated program designed to strengthen the technical foundation of the project."

The above information is based on a press release issued by Greenland Mines Ltd.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• Northrop Grumman wins $1.2B Navy contract for E-2D aircraft
• Sigma Lithium faces $540,000 in fines, begins TAC talks in Brazil