Greenland Mines Advances $68B Skaergaard Deposit into 2026 Field Campaign
GRML•Greenland Mines Ltd. is advancing its Skaergaard PGM-gold project from technical study into a 2026 field program featuring resource expansion drilling, geotechnical characterization and a 30–50 tonne bulk sample for pilot-scale processing in Finland. The deposit hosts 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent resources with an in-situ metal value of $68 billion.
1. Project Advancement
Greenland Mines Ltd. has shifted its flagship Skaergaard PGM-gold project from technical study to active execution in 2026. The company’s leadership presented project goals at a major European raw materials summit, highlighting its transition to on-the-ground operations.
2. Resource Estimates & Valuation
The Skaergaard deposit contains 25.4 Moz of palladium-equivalent and 23.5 Moz of gold-equivalent resources, yielding an undiscounted in-situ metal value of $68 billion based on February 2026 prices. A recent sensitivity analysis indicates a potential 45–55% uplift in palladium-equivalent grades under high-price scenarios.
3. 2026 Field Program Details
The 2026 campaign will include resource expansion drilling, geotechnical and environmental baseline work, and collection of a 30–50 tonne bulk sample. GTK Mintec in Finland has been engaged to conduct integrated mineralogical, metallurgical, hydrometallurgical and pilot-scale processing tests.
4. Strategic Positioning
Greenland Mines holds an 80% interest in Skaergaard with an option on the remaining 20%, positioning the project as a Western-aligned alternative to Russian and South African PGM supply. The company is aligning with Europe’s North Atlantic critical-minerals corridor concept to secure downstream processing and market access.
