{"id":973608,"date":"2026-06-18T08:35:55","date_gmt":"2026-06-18T12:35:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/greenland-mines-nasdaq-grml-accelerates-sarfartoq-rare-earths-project-development-with-updated-s-k-1300-resource-estimate-program\/"},"modified":"2026-06-18T08:35:55","modified_gmt":"2026-06-18T12:35:55","slug":"greenland-mines-nasdaq-grml-accelerates-sarfartoq-rare-earths-project-development-with-updated-s-k-1300-resource-estimate-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenland-mines-nasdaq-grml-accelerates-sarfartoq-rare-earths-project-development-with-updated-s-k-1300-resource-estimate-program\/","title":{"rendered":"Greenland Mines (NASDAQ: GRML) Accelerates Sarfartoq Rare Earths Project Development with Updated S-K 1300 Resource Estimate Program"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Tetra Tech and GeoSim to integrate historic resource work, Neo-era drilling and new technical studies as Greenland Mines advances Sarfartoq toward an updated PEA and future development<\/i>\n <\/p>\n

\n CHARLOTTE, N.C.<\/span>, June 18, 2026<\/span> \/PRNewswire\/ — Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) today announces that it has engaged Tetra Tech Canada Inc. (“Tetra Tech”) and GeoSim Services Inc. (“GeoSim”) to prepare an updated Mineral Resource Estimate (“MRE”) for the Sarfartoq Neodymium\u2011Praseodymium (“Nd\u2011Pr”) Rare Earth Magnet Project in southwest Greenland, in accordance with United States Securities and Exchange Commission Regulation S\u2011K 1300 (“S\u2011K 1300”).<\/p>\n

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\n \"Greenland\n <\/p>\n<\/p><\/div>\n

Under a consulting services agreement dated June 11, 2026, GeoSim has been engaged to act as Qualified Person (“QP”) for the S\u2011K 1300\u2011compliant MRE for Sarfartoq, led by Ronald G. Simpson, P.Geo. Tetra Tech has been retained under a parallel technical services mandate to provide engineering and metallurgical support to the MRE. The updated MRE is expected to form the basis for an updated preliminary economic assessment (“PEA”) and to support future technical studies and public disclosure.<\/p>\n

Prior to closing the Sarfartoq acquisition, Greenland Mines has initiated the formal transfer process for the Sarfartoq exploration licenses with the relevant Greenland authorities. The Company’s local team in Nuuk is in active dialogue with the regulators to facilitate an orderly and timely transfer of the licenses to Greenland Mines Ltd.<\/p>\n

\n Target timing<\/b>\n <\/p>\n

Under the current Tetra Tech and GeoSim mandates, the S\u2011K 1300 MRE work program is expected to be advanced on an accelerated timeline and substantially completed by this summer, allowing Greenland Mines to announce an updated mineral resource for Sarfartoq and file a supporting S\u2011K 1300 Technical Report Summary shortly thereafter, subject to customary internal review and approval. The Company intends to leverage this updated MRE into an expedited update of the 2011 PEA, with a focus on strengthening Sarfartoq’s positioning as an advanced Nd\u2011Pr development project with strategic downstream relevance to U.S. and European markets.<\/p>\n

\n Continuity of technical leadership<\/b>\n <\/p>\n

GeoSim, and its Ronald G. Simpson, P.Geo., have been involved with Sarfartoq for more than a decade, having served as QP on the historical 2011 and 2012 NI 43\u2011101 mineral resource estimates and as a principal author of the 2011 NI 43\u2011101 Preliminary Economic Assessment completed by Tetra Tech Wardrop. In that PEA, Mr. Simpson was responsible for key geological and resource sections, including property description and location, accessibility and infrastructure, history, geological setting and mineralization, deposit type, exploration, drilling, sample preparation and security, data verification, and the mineral resource estimate. Re\u2011engaging GeoSim and Mr. Simpson provides continuity of technical oversight, detailed familiarity with the geological model and database, and a direct link back to the historic work programs that established Sarfartoq as one of Greenland’s most advanced rare earth projects.<\/p>\n

Tetra Tech, through its Vancouver\u2011based mining and mineral processing group, has been retained to provide engineering studies, mine\u2011planning analysis and metallurgical\/processing input in support of the MRE and related S\u2011K 1300 documentation. Tetra Tech’s role will complement GeoSim’s resource\u2011estimation work and is intended to help ensure that the resulting MRE provides a robust foundation as the Company advances the Project toward an updated resource base and future economic studies.<\/p>\n

Tetra Tech, a recognized global engineering and mine engineering firm with extensive experience in S\u2011K 1300 and NI 43\u2011101 reporting, brings additional depth on mine planning, metallurgy and technical disclosure.<\/p>\n

\n Incorporating historic and Neo<\/b>
\n \u2011<\/b>
\n era work into S<\/b>
\n \u2011<\/b>
\n K 1300<\/b>\n <\/p>\n

The forthcoming S\u2011K 1300 MRE will integrate:<\/p>\n