Greenland Mines Joins EU Raw Materials Alliance, Embeds $68B Skaergaard Project
Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S joined the European Raw Materials Alliance, embedding the Skaergaard palladium-gold-platinum project into the EU’s strategic raw-materials framework. The project holds 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent, valued at $68 billion and poised for enhanced financing and offtake.
1. ERMA Membership
Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S have been admitted to the European Raw Materials Alliance, integrating the Skaergaard project into the EU’s industrial framework for critical raw materials.
2. Skaergaard Resource Base
The deposit hosts 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent in indicated and inferred resources, with an in-situ value of $68 billion based on February 2026 metal prices, ranking it among the world’s largest undeveloped PGM-gold deposits.
3. Strategic Implications
Membership unlocks structured engagement with European OEMs, facilitates long-term offtake agreements, attracts co-investment discussions and links the project to EU policy and funding programs aimed at securing sustainable critical-materials supply chains.