Greenland Mines Embeds $68B Skaergaard Palladium-Gold-Platinum Project in EU Framework
Greenland Mines Ltd and its 80%-owned subsidiary Major Precious Greenland A/S gained entry to the European Raw Materials Alliance, embedding the Skaergaard palladium-gold-platinum project into the EU’s critical-minerals framework. Skaergaard hosts a 2022 NI 43-101 indicated and inferred resource of 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent valued at roughly $68 billion.
1. ERMA Membership Milestone
On April 22, 2026, Greenland Mines Ltd and its 80%-owned subsidiary Major Precious Greenland A/S gained membership in the European Raw Materials Alliance, positioning the Skaergaard palladium-gold-platinum project within the EU’s critical raw materials policy framework.
2. Skaergaard Resource Estimates
The deposit hosts a 2022 NI 43-101 indicated and inferred resource of 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent, with an in-situ resource value of approximately $68 billion based on February 2026 metal prices.
3. Strategic Financing and Offtake Opportunities
Membership in the alliance grants Greenland Mines structured access to European industrial users, potential offtake agreements, co-investment concepts, and policy support aimed at advancing project financing and de-risking development.