{"id":157980,"date":"2026-09-02T19:55:08","date_gmt":"2026-09-02T19:55:08","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/157980\/"},"modified":"2026-09-02T19:55:08","modified_gmt":"2026-09-02T19:55:08","slug":"greenland-mines-grml-closes-sarfartoq-rare-earths-acquisition-advances-project-toward-pre-feasibility","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/157980\/","title":{"rendered":"Greenland Mines (GRML) Closes Sarfartoq Rare Earths Acquisition, Advances Project Toward Pre-Feasibility"},"content":{"rendered":"

LOS ANGELES, CA – September 2, 2026 (NEWMEDIAWIRE<\/a>) –\u00a0Greenland Mines (NASDAQ: GRML)<\/a>\u00a0announced the Sept. 1, 2026, closing of its acquisition of the\u00a0Sarfartoq\u00a0Nd-Pr\u00a0Rare Earths Project in southwest Greenland, completing a transaction valued at $20 million in cash and $15 million in securities. The company said\u00a0Sarfartoq\u00a0planned annual\u00a0NdPr\u00a0oxide production would\u00a0represent\u00a0approximately 34% of all\u00a0NdPr\u00a0oxide refined outside China at 2025 consumption levels during each of the project nine scheduled operating years. An independent Initial Assessment based solely on the ST1 deposit estimates a high-case pre-tax NPV of\u00a0approximately\u00a0$2.05 billion\u00a0and pre-tax IRR of 118.6%, including Indicated and Inferred Mineral Resources.<\/p>\n

\"\"<\/p>\n

With the acquisition complete, Greenland Mines plans targeted infill drilling, pilot-scale metallurgical test work, mine engineering planning, environmental and social baseline studies and drone-based magnetic surveys as it advances Sarfartoq toward a Pre-Feasibility Study. Neo Performance Materials became a strategic Greenland Mines shareholder through the transaction and retains offtake rights for up to 60% of future Sarfartoq ore or mineral concentrate production for processing at its Silmet rare earth separation facility in Estonia.<\/p>\n

To view the full press release, visit\u00a0https:\/\/ibn.fm\/rTIg0<\/a><\/p>\n

About Greenland Mines<\/p>\n

Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the\u00a0Skaergaard\u00a0Project in southeast Greenland and, subject to closing of the previously announced transaction, the\u00a0Sarfartoq\u00a0neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) Biotech, including Klotho\u2019s KLTO\u2011202 primary indication for ALS. The Company\u2019s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream\u00a0jurisdictions\u00a0and industrial infrastructure.<\/p>\n

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:\u00a0https:\/\/IBN.ai\/Disclaimer<\/a><\/p>\n

The latest news and updates relating to GRML are available in the company\u2019s newsroom at\u00a0https:\/\/ibn.fm\/GRML<\/a><\/p>\n

Forward Looking Statements<\/p>\n

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of the Company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the Company’s Quarterly Reports on Form 10-Q and in the Company’s other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law<\/p>\n

View the original release on www.newmediawire.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"LOS ANGELES, CA – September 2, 2026 (NEWMEDIAWIRE) –\u00a0Greenland Mines (NASDAQ: GRML)\u00a0announced the Sept. 1, 2026, closing of…\n","protected":false},"author":2,"featured_media":157981,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5],"tags":[57],"class_list":["post-157980","post","type-post","status-publish","format-standard","has-post-thumbnail","category-greenland","tag-greenland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117203207908360163","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/157980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=157980"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/157980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/157981"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=157980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=157980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=157980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}