Skaergaard Palladium Resource Jumps 31% as Field Season Kicks Off
GRML is trading near its 52-week low of $0.156 (15% above the low).
Summary
Greenland Mines reported a 31% increase in indicated palladium equivalent ounces at its Skaergaard project, now at 15 million ounces. This follows the recent S-K 1300 technical report and comes as the 2026 field season advances with drilling, bulk sampling, and engineering studies. The upgrade strengthens the project's strategic value amid Western efforts to diversify palladium supply away from Russia. With a market cap of just $27 million, the resource expansion is material, though the company remains pre-revenue and faces going concern risks. The ongoing field work could further de-risk the asset ahead of a potential development decision.
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 $27.4M. The 52-week trading range was $0.16 to $1.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.