Greenland Mines Ltd — Form 10-Q
Filed August 17, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Greenland Mines Ltd (80%-owned via merger with Klotho, March 2026) filed its first S-K 1300 technical report for the Skaergaard PGE-Au deposit in Southeast Greenland. The updated 2026 Mineral Resource Estimate (effective July 3, 2026) comprises 153.6 million tonnes of Indicated Resources grading 3.04 g/t palladium equivalent (PdEq) and 177.5 million tonnes of Inferred Resources grading 3.07 g/t PdEq. The estimate incorporates 93 drill holes and 30 channel samples totalling 42,050m drilling and 1,409m channel sampling from 1989–2021; metallurgical recoveries assume 86% Pd, 89% Au, 80% Pt at assumed prices of US$1,725/oz Pd, US$3,500/oz Au, US$2,100/oz Pt, and underground mining costs of US$32.17/t plus US$35/t processing.
Why this rating
Routine resource update using established database; no new drilling since 2021. Minor significance: resource ~$2.4–3.2B at spot prices but company ~$52.6M market cap—largely exploration-stage with cell-therapy division focus.
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