Greenland Mines closes Sarfartoq rare earths project acquisition after Greenland approval
GRML•Project assessment and strategic stake
The Independent Initial Assessment for Sarfartoq flagged a high-case pre-tax NPV of USD 2.05 billion at 118.6% IRR.
Neo Performance Materials took a stake, securing offtake rights for up to 60% of future Sarfartoq output for its Silmet plant.
Skaergaard resource update and 2026 fieldwork
A Skaergaard resource update showed indicated PdEq grade up 36% with contained indicated PdEq ounces up 31% versus 2022.
The 2026 fieldwork at Skaergaard includes drilling, blasting and bulk sampling for large-scale metallurgy at GTK Mintec in Finland.
Sarfartoq acquisition closed after Greenland approval
Greenland Mines closed its Sarfartoq NdPr rare earths acquisition on Sept. 1, following Greenland government sign-off.
