The Company closed the acquisition on Sep. 1, 2026, following Greenland government approval and a recent $2.05 billion Independent Assessment (118% IRR). At 2025 consumption levels, Sarfartoq’s planned annual NdPr oxide production would represent approximately 34% of all NdPr oxide refined outside China.
(NASDAQ: GRML)
The Skaergaard Opportunity
World-Class Scale
2026 SK-1300 Indicated (15.0 Moz PdEq) and Inferred (17.49 Moz PdEq) Mineral Resource comprising gold, palladium, and platinum - making Skaergaard one of the largest palladium-gold deposits globally
Tier 1 Emerging Jurisdiction
Located in mining-friendly Greenland with a modern regulatory regime and no third-party royalties. Only 400 km away from Iceland with cheap green energy, large industrial sites, and established processing industry, infrastructure and workforce
Geological Consistency
Stratiform mineralisation across 7 defined horizons with excellent grade continuity and upside at depth
Established Access & Permits
Onsite gravel airstrip (Sødalen), helicopter-supported logistics, and seasonal sea access via Mikis Fjord. Fully permitted for exploration with baseline environmental and metallurgical studies already underway
Ready for Next Stage
$30 Million invested in the Skaergaard Project since the 1990s. New drilling and development program aims to double the resource to ~50 million contained ounces of Au, Pd, and Pt
The Sarfartoq Opportunity
687 km² exploration license area in western Greenland, segmented into 40 sub-sites (ST1–ST40)
Hosted in a large Proterozoic carbonatite complex covering ~90 km² — a globally favoured host for rare earth deposits
2026 SK-1300 resource estimate of 6.9 Mt Indicated at 1.6 wt% TREO and 5.3 Mt Inferred at 0.96% TREO in hybrid mining scenario.1
Elevated concentrations of all four magnet REEs — Nd, Pr, Dy and Tb — with Nd+Pr at 25%–40% of TREO
Drilling database of 161 holes / 35,843 m (94 core holes / 23,000+ m) included in the ST1 resource estimation
- SK-1300 Mineral Resource Estimate with effective date of July 31, 2026. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Strong Market Fundamentals
Gold (Au)
$4,000/oz (Jun 2026)
Hedge against inflation and macro/geopolitical uncertainty
Palladium (Pd)
$1,200/oz (Jun 2026)
Crucial for automotive catalytic converters, defense, satellites, and aerospace
Platinum (Pt)
$1,600/oz (Jun 2026)
Rising demand for green hydrogen, automotive applications, defense, and aerospace