Greenland Mines Advances Sarfartoq and Skaergaard - 105-Ton Bulk Sample and Rare-Earth Advisory Board

Highlights

• Sarfartoq holds 6.90Mt Indicated at 1.60% TREO with NdPr representing 83.9% of modeled concentrate basket value, plus Neo Performance Materials retains offtake rights for up to 60% of production.
• A 104.8-ton bulk sample was completed at Skaergaard for large- and pilot-scale metallurgical testing, though no Initial Assessment or Mineral Reserve has been declared.
• High-case pre-tax NPV8 of US$2.05 billion and 118.6% IRR are based on an Initial Assessment that includes Inferred resources with no certainty of realization.
• Greenland Mines created a Strategic Advisory Board including former Neo Performance Materials CEO Constantine Karayannopoulos, signaling commercial ambition but not de-risking.
• Arctic logistics, infrastructure costs, permitting, and financing remain critical unresolved hurdles before either project can be valued as operating production.