GRML

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$30 Million has been invested in theSkaergaard Project since 2000 --One of the largest undeveloped precious metals deposits on the planet — sitting in a U.S.-aligned jurisdiction, independently verified, and drilling has commenced

Greenland Mines Ltd. (NASDAQ: GRML) just secured one of the most strategically located rare earth projects in the Western world through a US$35 million agreement with Neo Performance Materials

Greenland Mines now has two world-class projects: The Skaergaard palladium-gold-platinum deposit and the Sarfartoq rare earth project — both in stable, Western-aligned Greenland

Read The Investor Presentation HERE

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Hello Everyone,

Greenland Mines (Nasdaq: GRML) is not a speculative exploration play.The gold, palladium, and platinum at its Skaergaard Project in southeast Greenland have already been confirmed through an independent NI 43-101 Technical Report by SLR Consulting. The deposit is known. The metals are there. What the market hasn't caught up to yet is the sheer scale of what's sitting in the ground.

GRML confirmed just last week that its supply ship Argus had reached and dropped anchor at the Skaergaard gold-palladium-platinum project on Greenland's southeastern coast, capping a trouble-free passage through the Denmark Strait. With the vessel in place, drilling has now begun, marking the official start of full-scale field operations for 2026.

In a setting as remote as the Arctic, moving people and equipment into place is often the harder challenge than the geology itself. Argus dropped anchor near shore, close to the zone earmarked for the season's first holes and bulk sampling. Gear, machinery, supplies and site infrastructure were then transferred from ship to shore by cable line. Every crew and work area completed safety briefings and orientation sessions before any operations began. Nordisk Fundering's diamond drill fleet — including a pair of new helicopter-transportable rigs — has been set up and put into service, with the season's opening holes on track to wrap up within days.

"Reaching Skaergaard safely and getting the drills spinning marks a turning point for this season and for the project as a whole," said Dr. Bo Møller Stensgaard, President of Greenland Mines Ltd. He noted the smooth voyage, the on-schedule unloading, completed safety training, and active drilling, framing the summer's efforts as a stepping stone toward Skaergaard's next stage of growth.

The Fine Print Behind the Announcement

Beyond the headline, groundwork has already progressed. Drone-based LiDAR mapping is finished, and the zones slated for later blasting and bulk sampling have been mapped out. About a third of this season's planned drill sites have been pinpointed and flagged on the ground, with the rest to be located as the program continues. An inspection of the Sodalen airstrip found it in strong condition, offering a reliable route for shuttling personnel and technical specialists via small aircraft over the next two months — and doubling as a key emergency-access resource. Weather on site has stayed clear and mild.

None of this logistics story means anything without what's underground. Skaergaard sits within the Triple Group of the Skaergaard layered mafic intrusion, a geological formation that has served as a reference point in igneous rock studies for nearly a hundred years. The company positions it as among the largest undeveloped deposits globally for palladium, gold and platinum. This past July, the firm released its inaugural S-K 1300-compliant technical summary, put together by SLR Consulting (Canada) Ltd. That report identified an Indicated resource of 153.6 million tonnes at 3.04 grams per tonne palladium equivalent (15.00 million ounces), plus an Inferred resource of 177.5 million tonnes at 3.07 grams per tonne palladium equivalent (17.49 million ounces).

Greenland Mines controls its stake via subsidiary Major Precious Greenland A/S, which holds an 80% interest — along with the right to acquire the remaining 20% — across the three Mineral Exploration Licenses spanning the project and surrounding land. The site's deep-fjord location is precisely what makes shipborne delivery through vessels like Argus a workable solution rather than wishful thinking.

This Year Is About Proof, Not Discovery

The company already knows the deposit is there. The 2026 program's job is to strengthen confidence in it. This season's field work aims to bolster the Mineral Resource estimate, push forward metallurgical and engineering testing via bulk sampling, and collect the environmental, geotechnical and infrastructure data needed to advance Skaergaard toward an Initial Assessment — the S-K 1300 counterpart to a preliminary economic assessment. The company plans to pull a multi-ton bulk sample this season for processing and metallurgical testing, a significant step up in scale from earlier mini-bulk samples.

This is the costly, unglamorous stretch where mining projects either prove themselves out or quietly stall. Investors should keep expectations grounded given the current stage. Assay results from this season's drilling haven't come back yet. Visible mineralization in drill core doesn't necessarily reflect actual grade or metal content. No Initial Assessment exists yet, resources are not the same as reserves, and there's no production decision on the table.

Iceland: The Overlooked Piece of the Puzzle

Skaergaard's location on Greenland's east coast plays into a bigger vision the company calls the North Atlantic Critical Metals Corridor — mining at Skaergaard, paired with possible downstream processing and shipping infrastructure across the water in Iceland. Backing that plan, Greenland Mines holds a First Right of Refusal on the Helguvik industrial site on Iceland's Reykjanes Peninsula — an already-developed location with existing industrial facilities, deep-water harbor access and cheap renewable power, sitting roughly 400 kilometers away by sea.

Whether this corridor ever comes together remains uncertain, and a right of refusal is merely an option, not a guaranteed asset. Still, the strategic thinking lines up with the direction Western industrial policy has been trending. The takeaway from the rare earths saga is that mine ownership counts for little if the processing stage happens elsewhere. A company weighing its downstream strategy before it even has a formal reserve is at least framing the right question early on.

There's More to This One Than Skaergaard Alone

Greenland Mines runs two separate business lines, not just one. Its Mining division includes Skaergaard and — pending completion of a previously disclosed deal — the Sarfartoq neodymium-praseodymium rare earths project in southwestern Greenland. Its Biotech division remains active as well, anchored by Klotho's KLTO-202 program targeting ALS as its lead indication. The company describes its overall approach as a diversified platform touching rare earth magnet materials, precious metals, and selected midstream processing ventures. Anyone evaluating this stock purely as a palladium play is only seeing a slice of the full picture.

Greenland Is a U.S. Strategic Priority

The policy conversation around Greenland has moved well past theory. As a self-governing territory of Denmark and a longtime U.S. ally, Greenland sits in a uniquely advantageous position — stable, friendly, close, and resource-rich. Palladium and platinum both appear on the USGS Critical Minerals List, and securing domestic or allied-nation supply of these metals is now a stated federal policy objective.

Palladium is not just an industrial metal. It's used in missile guidance systems, radar arrays, satellite components, and secure communications infrastructure. Dependence on Russia and South Africa for 75–80% of global supply is a vulnerability the U.S. government has been trying to address for years. A massive, independently verified palladium deposit controlled by an American-listed company in a friendly jurisdiction is exactly what that policy framework is looking for.

Americans have a strong case for being bullish on Greenland because of its geostrategic position, which is arguably one of the most valuable on the planet. Greenland sits at the crossroads of North America, Europe, and the Arctic, effectively acting as a gatekeeper to the North Atlantic and emerging Arctic shipping lanes. As polar ice continues to recede, new maritime routes are opening that could reshape global trade, and Greenland is positioned right along those corridors. From a defense standpoint, it anchors the critical Greenland–Iceland–UK (GIUK) gap, a choke point used to monitor naval activity—especially from Russia—making it indispensable for U.S. and NATO security architecture. It also hosts infrastructure key to missile warning and space surveillance, reinforcing homeland defense in an era of increasingly advanced threats.

Beyond military relevance, Greenland represents a long-term economic and technological opportunity tied to the future of energy and supply chains. The island holds significant deposits of rare earth minerals and other critical resources used in everything from semiconductors to electric vehicles and renewable energy systems. As the U.S. looks to reduce dependence on foreign suppliers—particularly China—Greenland could become part of a more secure, Western-aligned resource base. At the same time, its cold climate and geographic isolation make it attractive for next-generation infrastructure like data centers and advanced computing facilities. While extraction and development remain difficult today, the strategic value lies in the optionality: as technology improves and the Arctic becomes more accessible, Greenland’s importance is likely to increase rather than diminish.

Greenland sits at the intersection of defense, trade, energy, and emerging technologies, and in a world defined by great-power competition and resource security, that combination is rare.

What is truly encouraging is that Greenland is already home to the production of Tens of thousands of ounces of gold annually.

Just over a month ago we saw Klotho Neurosciences rebrand and focus on a 2 pronged approach with the acquisition of Greenland Mines Corp who owns 80% of one of the largest and most significant undeveloped palladium, gold, and platinum deposits in the world.

What They Actually Control

Greenland Mines holds an 80% stake in the Skaergaard Project, with an option to acquire the remaining 20%. The deposit itself has been studied for nearly 90 years — first discovered in 1935, with a major gold-and-palladium discovery following in 1986. Researchers from institutions including Aarhus University, Caltech, and the Geological Survey of Denmark and Greenland have spent decades documenting its structure.

The company is now advancing into the next phase. They've engaged WSP Denmark to conduct environmental baseline work, secured an icebreaker vessel for their 2026 field season, and are working toward a Preliminary Economic Assessment. Separately, they've outlined plans for a drilling program targeting a doubling of the total resource to approximately 50 million contained ounces across gold, palladium, and platinum — with vanadium and gallium potentially added to the mix.

Our 2026 program has begun with more than 40 technical experts, drillers, and logistics personnel on site, with additional specialists scheduled to rotate in throughout the season. https://t.co/oYqah2dLQu pic.twitter.com/Xra2TzxycI
— Greenland Mines Ltd (@GreenlandMines) August 4, 2026

Located in Southeast Greenland, the Skaergaard Project is one of the largest undeveloped gold (Au), palladium (Pd), and platinum (Pt) deposits in the world, with a total in-situ resource value of approximately $68 Billion1 at February 2026 metal prices.

Through a new drilling and development program, Greenland Mines Ltd aims to double its resource to ~50 million contained ounces of Au, Pd, and Pt, as well as adding vanadium and gallium to its raw critical metals portfolio.

The Skaergaard intrusion is recognized as one of the world's largest undeveloped resources of gold‑palladium‑platinum, with additional metals that are increasingly important to energy transition, defense application and high‑technology supply chains.

While the project area has benefitted from decades of geological, resource and academic work, historical environmental datasets are relatively limited, making the current, large‑scale baseline program a critical enabler for responsible, long‑life mine development.

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Greenland Mines Ltd (NASDAQ: GRML) Strengthens Foothold, Builds Momentum Through String of 2026 Key Moves

A key acquisition brought in the Skaergaard project, a palladium, gold and platinum deposit in southeast Greenland now held through the company’s subsidiary Major Precious Greenland A/S.
Additional acquisitions, including a rare earths asset, represent the company’s focus on becoming a significant player in the mining space.

A company can rarely reinvent itself overnight, but Greenland Mines (NASDAQ: GRML), has come close. What started the year as a biotech firm has become a two-division mining company in the span of a few months, and its acquisition activity since then shows no sign of slowing.

Previously known as Klotho Neurosciences Inc., the company traded under the ticker KLTO. In March 2026, however, the company announced two significant changes: a name change to Greenland Mines Ltd and a NASDAQ ticker switch to GRML. In addition, the announcement noted a strategic acquisition that shifted the company’s core focus. The filing was announced through an 8-K with the Securities and Exchange Commission, along with an investor webcast explaining the move to shareholders.

That acquisition brought in the Skaergaard project, a palladium, gold and platinum deposit in southeast Greenland now held through the company’s subsidiary Major Precious Greenland A/S. Since March, the company has continued building momentum. Last month, Greenland reported an updated mineral resource estimate under the SEC’s S-K 1300 standard, raising indicated palladium equivalent metal by 31% to 15.0 million ounces and lifting the indicated grade by 36% to 3.04 grams per tonne.

Earlier, in May, the company signed a definitive agreement to acquire the Sarfartoq neodymium-praseodymium rare earths project from Neo Performance Materials for $35 million, split between $20 million in cash and $15 million in company stock. Sarfartoq’s historic resource includes an estimated 27 million kilograms of neodymium oxide and 8 million kilograms of praseodymium oxide, elements used in the permanent magnets that power electric vehicles and wind turbines.

Neo Performance Materials is staying involved rather than exiting. The company is retaining an equity stake in Greenland Mines along with offtake rights covering up to 60% of Sarfartoq’s future production once the acquisition closes, effectively lining up a buyer before the project reaches production. Closing remains subject to approval from the Greenland government under the country’s Mineral Activities Act.

The company added a third leg to its strategy in June 2026 through a share exchange agreement with AnorTech Inc., a company trading on the TSX Venture Exchange. Greenland Mines agreed to acquire a 9.9% equity stake in AnorTech for roughly C$5 million, paid in newly issued Greenland Mines shares, with an option to increase its position to as much as 19.9% during the following six months. The deal gives Greenland Mines exposure to sustainable and high-purity alumina production, adding a processing layer above its upstream mining assets.

Notably, the company has not abandoned its biotech roots. Its cell and gene therapy division continues to advance KLTO-202, targeting amyotrophic lateral sclerosis, along with KLTO-101, aimed at Alzheimer’s disease, and additional therapies for Parkinson’s and other age-related disorders. That keeps Greenland Mines as a company with exposure to both natural resources and biotechnology under one publicly traded structure, an unusual combination for a NASDAQ-listed exploration company.

Taken together, the moves since March 2026 show a company moving quickly to build out a broader platform. A name change and ticker switch brought in a flagship precious metals project, a resource upgrade strengthened that project’s regulatory standing, a rare earths acquisition added a second critical mineral exposure with a committed offtake partner and an equity investment added downstream materials optionality.

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Greenland Mines Arrives at Skaergaard, Commences Drilling as 2026 Field Season Moves into Full Operation

Support vessel Argus anchored on site following smooth Denmark Strait crossing

Equipment and infrastructure successfully mobilized ashore with safety inductions completed across all operational teams

First drill rigs turning with initial holes expected complete within days

SKAERGAARD, Greenland, Aug. 11, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) is pleased to announce that its support vessel Argus has arrived and anchored at the Skaergaard gold, palladium and platinum project in southeast Greenland, following a smooth crossing of the Denmark Strait. Drilling has now commenced as the Company's 2026 field season moves into full operation.

Argus anchored close to shore, near the area identified for initial drilling and bulk sampling. Equipment, machinery, materials, and local onshore infrastructure were successfully slung from Argus to shore, and safety drills and inductions were completed across all parts of the operation before work began. The Company's diamond drill rigs, supplied and operated by the drilling company Nordisk Fundering and including two new heli-portable units, have been assembled and are now running, with the first holes of the season expected to be completed within days.

"Arriving safely at Skaergaard and getting rigs turning is a defining moment for this season, and for the project," said Dr. Bo Møller Stensgaard, President of Greenland Mines Ltd. "The crossing was smooth, the offload went exactly to plan, our safety inductions are complete, and drilling is now underway. Every step this summer builds toward the next phase of Skaergaard's development, and this is where that work truly begins. I want to recognize the entire team on the ground and aboard Argus for the professionalism and care that went into getting us here safely and getting equipment ashore so efficiently. That is the foundation for a strong season."

Operational Highlights Since Arrival

Safe arrival and anchorage: Argus completed a smooth crossing of the Denmark Strait and is now anchored close to shore at Skaergaard Project, near the area targeted for the season's initial drilling and bulk sampling.
Full mobilization ashore: equipment, machinery, materials, and onshore infrastructure have been successfully transferred from Argus to the Skaergaard shoreline.
Safety first: safety drills and inductions have been completed across all parts of the operation, consistent with the Company's commitment to a safe, disciplined field season.
Drilling underway: drill rigs from Nordisk Fundering, including two new heli-portable units, have been assembled and are operating, with the first holes of the season expected to be completed within days.
Drone-based LiDAR survey work: initial LiDAR drone surveys have been completed, and the areas planned for blasting and bulk sampling later in the season have been outlined.
Drill target definition advancing: approximately one-third of the season's planned drill locations have been identified and marked in the field, with the remainder to follow as the program progresses.
Sødalen airstrip confirmed operational: the Sødalen airstrip has been assessed and found to be in excellent condition, providing the Company with an efficient means of mobilizing and demobilizing crew and topic-specific experts over the coming two months by fixed-winged aircrafts, as well as an important safety component.
Favorable field conditions: the team has been operating under sunny, warm conditions, supporting strong early-season progress.

A Season Built for the Next Phase of Skaergaard

The commencement of drilling marks the start of the operational core of the Company's 2026 field program at Skaergaard, which is designed to support further upgrading of the Mineral Resource, advance metallurgical and engineering studies through bulk sampling, and generate the environmental, geotechnical and infrastructure data required to advance Skaergaard toward an Initial Assessment and its next phase of development. With Argus on site, equipment ashore, and drill rigs turning, the Company is positioned to execute a full and productive season across the coming two months.

NEWS

Skaergaard’s 2026 Resource Used a $3,500 Gold Assumption; Gold Has Since Traded Above $4,300

3 days ago•

Greenland Mines (NASDAQ: GRML) Commences 2026 Drilling at Skaergaard Project

4 days ago•

Drilling Begins at One of the Largest Undeveloped Palladium-Gold-Platinum Deposits

4 days ago•

Greenland Mines Arrives at Skaergaard, Commences Drilling as 2026 Field Season Moves into Full Operation

4 days ago•

Greenland Mines (NASDAQ: GRML) Launches Biggest Skaergaard Field Season Yet as Critical Minerals Take Center Stage

Aug 7, 2026•

Greenland Mines (NASDAQ: GRML) Strengthens Foothold, Builds Momentum Through String of 2026 Key Moves

Aug 6, 2026•

Greenland Mines (NASDAQ: GRML) Launches 2026 Field Season at Skaergaard Project

Jul 31, 2026•

Greenland Mines Departs for Skaergaard – Expanded 2026 Program Targeting Next Phase of Development

Jul 31, 2026•

Greenland Mines (NASDAQ: GRML) Secures Canadian Patent for Klotho Gene Therapy Technology

Jul 28, 2026•

Biotech Division of Greenland Mines Announces Issuance of Patent in Canada for the Klotho Gene Therapy Platform Technology for Alzheimer’s and Aging

Jul 28, 2026

MANAGEMENT

Dr. Joseph SinkuleFounder, Chief Executive Officer (CEO), Director and Chairman of the Board

Dr. Sinkule is the company’s Chief Executive Officer (CEO), Founder, and the Chairman of the Board of Directors. He has over 40 years of drug, biologic, and medical device R&D and commercialization experience. This serial entrepreneur is the founder and driving force behind the Company, its growing product portfolio, and its financing strategies. He has personally managed over 8 drug and biotech products successfully through FDA approval to market, 5 medical devices and 8 in vitro diagnostics. He has hired and managed both small and large teams of experienced people in pharma and biotech organizations, and managed contract research organizations (“CROs”) and contract development and manufacturing companies (“CDMOs”), working for large and small clients. After serving in academics and then in industry, Dr. Sinkule has evolved into a successful businessman and entrepreneur. He serves on the Board of two companies, and routinely consults for venture capitalist firms, investment banks, as well as both large and early-stage pharmaceutical and biotech companies.

Mr. Jeffrey LeBlancChief Financial Officer

Mr. LeBlanc has over 20 years of experience in managing financial operations, investing, advising Fortune 500 companies, and launching new ventures. He is the co-founder of Winvest Acquisition Corp. (Ticker: WINV), a special purpose acquisition company. Prior to Winvest, Mr. LeBlanc launched Out of Print, a direct-to-consumer merchandise platform that was acquired by Penguin Random House in 2017. He previously served in investment roles at Greenlight Capital and GE Capital, and started his career at McKinsey and Co. Mr. LeBlanc previously served on the Boards of Riot New Media Group and Books For Africa. He received an MBA from Harvard Business School and a BS in Chemical Engineering from MIT.

Bo Møller StensgaardPresident

Bo is a seasoned executive with over 20 years in mineral exploration and natural resource development across Europe and the Arctic, starting in Greenland geology in 1998. Holding a PhD in economic geology and former Senior Research Scientist at the Geological Survey of Danmark and Greenland, he has led listed and private resource companies, advancing projects from early exploration to exploitation through technical studies, environmental/social impact assessments, permitting, and stakeholder engagement. His expertise includes listed-company leadership, international investor relations, building expert teams, and leveraging extensive networks in business, academia, politics, and the European raw materials ecosystem – gained partly from his senior advisory role at EIT RawMaterials advising on EU policy and funding. This positions him as a strong leader for Greenland Mines Corp, providing credible access to North American and European capital markets and strategic partners.

Dr. Miguel Chillón RodriguezChief Scientific Officer and Consultant

Professor Dr. Chillon is the inventor of the α-Klotho patents and technology know how. He has over 25 years of research experience in several key areas of α-klotho and adeno-associated virus (“AAV”) packaging and gene delivery. Miguel has several associates that work with him to expedite development and further the intellectual properties and scientific publications. He leads the research group on Gene therapy for CNS diseases at Universitat Autonoma De Barcelona and Institucio Catalana De Recerca I Estudis Avancats. Miguel is also the Director of the Viral Vector Production Unit at Vall d’Hebrón Hospital, and serves Chair of the ATMP Platform of European Infrastructure for Translational Medicine

Dr. Shalom HirshmanMedical Advisor and Director

Dr. Shalom Hirschman, M.D. is a preeminent research physician, a clinical medical expert, and entrepreneur in infectious diseases, oncology, and cancer supportive care. He is a key consulting advisor to the Company. As a young man, he served as an intern and resident in medicine at the Massachusetts General Hospital and Harvard Medical School, and then went on to a career in molecular biology and virology research at the National Institute of Health (NIH). During his career in medical research, he interacted closely with several Nobel Prize winners including Drs. Berson and Yalow (Nobel Prize for development of radioimmunoassays). He was recruited to The Mount Sinai School of Medicine and The Mount Sinai Hospital in New York City as Head of the Department of Infectious Diseases, and eventually he also became Vice-Chairman and Chairman of the Department of Medicine at Mount Sinai, where he remained for three decades. He still is asked to consult on difficult diagnostic dilemmas like the recent COVID-19 pandemic.

‍Sincerely,

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