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Advancing Skaergaard: A New Era for Greenland Mines

Greenland Mines Ltd, listed on Nasdaq under the ticker GRML, has just wrapped up an intense three-day technical workshop aimed at refining the next phase of the Skaergaard Precious and Critical Metals Project located in southeast Greenland. This workshop brought together over 15 international experts from renowned organizations, such as GTK Mintec, the Geological Survey of Finland, and SLR Consulting from Canada, the UK, and Ireland, along with specialized consultants and the entire Greenland Mines team.

Held from June 22 to 24, the workshop's primary objectives were to deepen the understanding of Skaergaard’s ore characteristics, enhance technical groundwork for future field activities, and establish a clear roadmap leading to an Initial Assessment (IA) or Preliminary Economic Assessment (PEA). The sessions discussed several key themes, including:

1. Orebody Understanding: Experts delved into Skaergaard’s geological framework and shared insights from decades of research on layered intrusions. Discussions about processing-relevant mineralogy and metallurgical tests were integral to understanding how best to extract and utilize these resources.

2. Field Activities Planning: The upcoming drilling, sampling, and geophysical programs were thoroughly examined. Environmental baseline studies and the management of tailings and process water were also critical topics, ensuring that potential mining operations adhere to environmental standards.

3. Mine Engineering and Development: Participants explored various mining scenarios and logistical challenges involved in the extraction process. By doing this, they made strides toward securing a future exploitation license and longer-term development strategies.

The engaging structure of the workshop allowed specialists in various fields such as geology, mineral resources, and environmental assessment to collaborate effectively. This interdisciplinary approach is vital for evaluating and testing different strategic options for the Skaergaard Project, emphasizing the importance of a coordinated effort in planning for the future.

A strong outcome of the workshop was the alignment of all participating teams on the technical priorities for the upcoming field season. Notable results include:

• - An updated plan for the 2026 drilling and sampling initiatives.
• - A refined strategy for metallurgical tests and flow sheet development.
• - A framework detailing how geotechnical and environmental data will influence mine design and permitting.
• - A comprehensive roadmap that not only addresses the IA/PEA but also looks ahead toward applications for an exploitation license and long-term development considerations within the North Atlantic Critical Metals Corridor.

Greenland Mines is confident that this workshop demonstrates the robust technical and institutional support behind the Skaergaard Project. The collaboration with GTK Mintec, WSP Denmark, and geological consultancy SLR is critical in ensuring that the project is not only viable but also positioned as a leading large-scale, long-life precious and critical metals initiative in the Arctic region.

With the groundwork firmly established, Greenland Mines is eager to broaden its engagement with leading international specialists and institutions as it moves forward in progressing the Skaergaard Precious and Critical Metals Project. This strategic approach will fortify its position in the competitive mining landscape while aiming for broader goals such as sustainable and responsible development of natural resources in Greenland.

About Greenland Mines Ltd

Greenland Mines operates with two main divisions: Mining, focusing on the Skaergaard Project alongside the recently announced Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland, and Biotech, which includes innovative healthcare solutions. Their strategy emphasizes building a multi-asset platform while actively connecting Greenland's rich resources with industrial infrastructures.

While forward-looking statements carry inherent risks and uncertainties, Greenland Mines remains committed to careful planning and open communication regarding the ongoing progress of the Skaergaard Project, outlining its vision for a robust and sustainable future in metal extraction.