Skaergaard Indicated Palladium Resource Jumps 31% to 15M Oz
GRML is trading near its 52-week low of $0.175 (2.9% above the low).
Summary
Greenland Mines' updated Skaergaard resource shows a 31% increase in indicated palladium equivalent ounces to 15 million, with grade up 36% to 3.04 g/t. Inferred resources also rose 24% to 17.49 million ounces. The new estimate, compliant with SEC S-K 1300, uses updated modeling and metal price assumptions including gold at $3,500/oz. This provides a stronger foundation for the upcoming Initial Assessment and supports the company's pivot toward critical minerals. The 2026 field program is now underway with drilling and engineering work to evaluate both open-pit and underground mining scenarios. The news comes ahead of tomorrow's shareholder vote on a massive share issuance needed to fund the Sarfartoq rare earths acquisition and ongoing operations.
At the time of this announcement, GRML was trading at $0.18 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $27.6M. The 52-week trading range was $0.18 to $1.38. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.