Greenland Resources has announced a 2026 field program for its Malmbjerg project. This program aims to prepare for preconstruction and longer-term equipment deliveries, in line with the initial scope of work outlined in the recently produced project execution plan. Additionally, the Company will be undertaking an aggressive metallurgical program aimed at recovering magnesium and rare earth elements as discussed below.

Further to the April 27, 2026 press release announcing an update on an equity investment from the European Innovation Council, detailed due diligence has commenced. The Company expects the due diligence to be completed by the end of June and if favorable, an investment decision shortly thereafter. Upon a favorable decision, the investment terms of the €50 million investment, will be negotiated and announced. The Company is also evaluating additional financing alternatives. Further updates will be provided.

Scope of Work

The 2026 Malmbjerg summer field program is scheduled to commence around mid-August and will be completed before the end of September. Up to 25 professionals from Greenland, Canada and Austria will undertake the work utilizing a vessel from Iceland equipped with a helicopter pad to provide accommodation and an operations / communications center. The primary focus of the field program is to conduct detailed engineering in several areas above feasibility level to prepare for preconstruction and longer-term equipment deliveries and to undertake an aggressive metallurgical program for magnesium and rare earth elements recoveries.

Infrastructure

• Detailed design work on the mine support buildings (administration, powerhouse, fuel tank farms and maintenance shop, warehouse facilities) as well as ore and waste rock storage.
• Detailed design work on the glacier access road located on the Mellem, Sirrus and Schuchert glaciers which will support the main truck transportation route for all equipment and consumables.
• Installation of survey control stations to facilitate the detailed engineering location of mining and infrastructure installations.
• Detailed engineering / geotechnical / geophysics work by Doppelmayr and other consultants on the proposed Doppelmayr RopeCon installation comprised of 5 transfer stations, 11 towers and 23 km of special continuous conveyor belting from the crushing station to the processing plant.

Metallurgy

• Further to the January 21, 2026 press release regarding reassays for magnesium and rare earth elements, the chemical and mineralogical characterization of the composite samples and flotation testing is underway, including the beneficiation of molybdenum and the assessment of magnesium and rare earth elements content in the flotation tailings. In addition, the Company collected around 2,000 kg of seawater from Greenland and is conducting magnesium recovery amenability tests using innovative technologies to further advance saline water magnesium recovery studies.
• As part of the upcoming field program, the Company will collect up to eight tonnes of diamond drill core and 14,000 kg of sea and fresh water from Greenland and will be undertaking an aggressive metallurgical program including pilot plant testwork. The program will include feasibility level magnesium recoveries from saline and fresh water using novel technologies as well magnesium and rare earth elements recoveries from the diamond drill core.

KeyFacts Energy: Greenland Energy Greenland country profile