Greenland Mines Corp.

Name

Greenland Mines Corp.

Legal name

Greenland Mines Ltd.

Website

https://greenlandmines.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Critical Minerals Mining

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)

akta.pro secondary industry

Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)

Keywords

• Palladium platinum mining
• Rare earth elements
• Critical minerals extraction
• Precious metals development
• Mineral resource exploration

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Palladium, Platinum, and Gold Sales: Revenue will be generated from mining and selling palladium, platinum, and gold extracted from the Skaergaard project in southeast Greenland. The deposit contains 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred resources with potential for 45-55% grade uplift under high metal price scenarios. The company is advancing toward development with a fully funded 2026 field program evaluating open-pit and bulk-mining scenarios.
2. Neodymium-Praseodymium Rare Earth Sales: Revenue from mining and selling neodymium and praseodymium rare earth elements from the Sarfartoq project. Neo Performance Materials has secured offtake rights for up to 60% of future production under an existing arrangement. The project contains approximately 27 million kg Nd₂O₃ and 8 million kg Pr₆O₁₁ with Nd+Pr representing 25-40% of total rare earth oxides.
3. Sustainable Alumina and HPA Sales: Strategic investment in AnorTech provides exposure to sustainable alumina, high-purity alumina (HPA), and CO2-free cement production from the Gronne Bjerg anorthosite project in Greenland, positioning the company in midstream critical minerals processing.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Greenland Mines Corp. is a development-stage mining company that plans to extract and sell palladium, platinum, and gold from the Skaergaard Project in Southeast Greenland and neodymium-praseodymium rare earth elements from the Sarfartoq Project in Southwest Greenland. The company sells bulk commodities to industrial end-users (automotive, EV, wind, defense) through direct offtake agreements, with Neo Performance Materials having secured rights to purchase up to 60% of future Sarfartoq rare earth production.

Product overview

Greenland Mines Ltd is a dual-asset critical minerals developer operating the Skaergaard Project (palladium-gold-platinum deposit) and the Sarfartoq Project (neodymium-praseodymium rare earth deposit), both located in Greenland. The company pursues a North Atlantic Critical Minerals Corridor strategy linking Greenland mining assets with potential downstream processing in Iceland. The portfolio consists of physical mining projects rather than software products or digital platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Skaergaard Project One of the world's largest undeveloped palladium-gold-platinum deposits located in Southeast Greenland, containing NI 43-101 Indicated resources of 11.4 Moz PdEq and Inferred resources of 14.1 Moz PdEq (25.4 Moz PdEq total), with a 2026 drilling program aiming to double resources to approximately 50 million contained ounces of Au, Pd, and Pt. The product targets industrial end-users in automotive catalytic converters, defense electronics, and aerospace.
• Sarfartoq Project Carbonatite-hosted rare earths deposit in southwest Greenland covering 687 km² across 40 sub-sites (ST1–ST40), containing approximately 27 million kg neodymium oxide and 8 million kg praseodymium oxide at the ST1 Zone with an Nd-Pr ratio of 25–40% of total rare earth oxides, one of the highest reported globally. The product targets manufacturers of permanent magnets for EVs, wind turbines, and defense systems.

Quantifiable outcome

• 45% Indicated and 55% Inferred PdEq grade uplift potential under high-price sensitivity scenario vs. 2022 base case
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered core and strategic.

• Nordisk Fundering A/ScoreImplementation/ SI/ Consulting Partner · 25 June 2026Diamond drilling contractor executing a ~7,500-metre, three-rig helicopter-supported drilling campaign at the Skaergaard precious and critical metals project beginning June 2026. The program is designed to advance resource categories, collect geotechnical data for open-pit evaluation, and gather metallurgical material for processing work with GTK Mintec.
• Tetra Tech Canada Inc.coreImplementation/ SI/ Consulting Partner · 18 June 2026Engaged to prepare an updated S-K 1300-compliant Mineral Resource Estimate for the Sarfartoq neodymium-praseodymium rare earth magnet project in southwest Greenland, expected to be substantially completed by summer 2026. The update will integrate historical 2011-2012 NI 43-101 estimates with Neo-era drilling and technical studies from 2023-2025.
• GeoSim Services Inc.coreImplementation/ SI/ Consulting Partner · 18 June 2026Engaged as Qualified Person to prepare an updated S-K 1300-compliant Mineral Resource Estimate for the Sarfartoq Nd-Pr rare earth project. Will integrate historical data with Neo-era drilling results to support the updated resource estimate.
• AnorTech Inc.strategicStrategic or Co-development Partner · 16 June 2026Acquired 9.9% equity stake in AnorTech for C$5.2 million ($3.72 million) with option to increase to 19.9% over six months. AnorTech is developing sustainable smelter-grade alumina and high-purity alumina from its Gronne Bjerg anorthosite project in Greenland using a proprietary process. The investment provides exposure to midstream processing capabilities and the Gronne Bjerg deposit located 80 km from Nuuk.
• Major Precious Greenland A/ScoreOthers · 10 June 202680%-owned subsidiary holding the company's interest in the Skaergaard Project with an option to acquire the remaining 20%. Holds 3 Mineral Exploration Licences spanning 877 km². Joined the Greenland Business Association in April 2026 to enhance stakeholder engagement.
• WSP Denmark A/ScoreImplementation/ SI/ Consulting Partner · 2 June 2026Engaged to continue the second year of environmental baseline studies at the Sarfartoq rare earth project in southwest Greenland, building on work originally completed in 2023. Field program includes additional sampling and monitoring across environmental receptors for future Environmental Impact Assessments and permitting.
• Neo Performance MaterialscoreGTM or Marketing Partner · 21 May 2026Neo Performance Materials sold the Sarfartoq Rare Earths Project to Greenland Mines for $35 million ($20M cash + $15M stock) while retaining an equity stake in Greenland Mines and maintaining an existing offtake agreement covering up to 60% of future ore or mineral concentrate production. This creates a direct supply pathway from Greenlandic rare earths to Neo's Silmet separation facility in Estonia and downstream magnet operations in Europe, positioning Greenland Mines within a vertically integrated Western rare earth supply chain.
• SLR ConsultingcoreImplementation/ SI/ Consulting Partner · 27 April 2026Appointed as geological consultant and Qualified Person for Skaergaard Project, leveraging prior work including the 2022 NI 43-101 Technical Report. SLR will support resource definition, drill planning, mining methods, metallurgy, and processing flowsheet development. Also prepared the April 2026 metal-price sensitivity analysis showing 45-55% PdEq grade uplift potential.
• GTK Mintec (Geological Survey of Finland)coreStrategic or Co-development Partner · 23 April 2026Framework agreement for comprehensive metallurgical and processing investigation at Skaergaard including advanced mineralogical characterization, pilot-scale processing using 10-20 tonnes of bulk samples, and tailings behavior studies to develop an optimized flowsheet for recovering gold, palladium, platinum, and critical metals including iron, titanium, vanadium, gallium, and germanium.
• European Raw Materials Alliance (ERMA)coreStrategic or Co-development Partner · 22 April 2026Greenland Mines Ltd and its 80%-owned subsidiary Major Precious Greenland A/S admitted as members. ERMA is an industry-driven alliance established by the European Commission to support critical and strategic raw materials supply chains. Membership provides platform to explore strategic partnerships, offtake frameworks, and co-investment opportunities with industrial users across automotive, energy, defense, and high-tech manufacturing sectors.
• Reykjanes Investment (Helguvík Industrial Site)coreStrategic or Co-development Partner · 16 April 2026Non-binding Letter of Intent signed for First Right of Refusal over the Helguvík brownfield industrial site on Iceland's Reykjanes Peninsula. The former silicon-metal plant site includes ~10,000 sqm of existing industrial buildings, deep-water port access, and up to 40 MW of power. Anchors the proposed North Atlantic Critical Metals Corridor linking Greenland resources to low-carbon Icelandic processing.
• IceTugscoreImplementation/ SI/ Consulting Partner · 25 March 2026Charter agreement for deployment of icebreaker support vessel M/V Argus during the 2026 Skaergaard field program in eastern Greenland. The vessel will facilitate logistics, supplies, and operations leveraging its ice-class capabilities and Arctic experience.
• WSP Denmark A/ScoreImplementation/ SI/ Consulting Partner · 19 March 2026Engaged to design and implement an environmental baseline program for Skaergaard Project, supporting the exploitation license application. The two-year program (2026-2027) includes automated weather stations, hydrological monitoring, terrestrial and marine surveys, and seabed characterization. Also engaged for Sarfartoq environmental baseline studies.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Emerging players

• Perpetua Resources: US-listed developer of the Stibnite gold-antimony project with critical minerals byproduct potential. Comparable as a Western-listed, development-stage critical minerals developer targeting US strategic supply chains.
• Iluka Resources: Australian mineral sands and rare earth producer developing the Eneabba rare earth refinery. Emerging Western REE processor with comparable strategic positioning to Greenland Mines' downstream processing ambitions.
• Energy Fuels: US-based critical minerals company with rare earth processing capability at its White Mesa Mill in Utah. Emerging player in Western REE separation space that competes for the same offtake customers as Sarfartoq/Neo.

Direct peers

• Impala Platinum: Major global PGM producer with palladium and platinum operations across southern Africa. Closely comparable business model to Skaergaard's PGM-Au profile and provides a benchmark for tier-one PGM project economics.
• MP Materials: Largest Western producer of rare earth materials, operating Mountain Pass mine in California with downstream magnet capability. Direct strategic comparable to Sarfartoq's magnet rare earth thesis and the broader Western rare earth supply chain narrative.
• Sibanye-Stillwater: One of the world's largest primary PGM producers with the Stillwater mine in Montana producing palladium, platinum, and gold. Direct comparable on the Skaergaard PGM-Au profile and a benchmark for Western-aligned PGM production economics.
• Lynas Rare Earths: Western-aligned rare earth miner and processor with Mt Weld mine and Malaysian separation facility, supplying Nd-Pr oxide for magnet applications. Comparable on Sarfartoq's downstream separation and Nd-Pr focus.
• Platinum Group Metals: Canadian-listed PGM-focused developer advancing the Waterberg PGM project in South Africa. Most directly comparable as a Western-listed, development-stage PGM-focused miner targeting similar end-markets as Skaergaard.

Broad incumbents

• Anglo American Platinum: World's largest primary PGM producer operating across multiple South African mines. Broad incumbent with overlapping PGM exposure and provides reference pricing/industry context for the Skaergaard project.
• Nornickel: Russian-headquartered diversified metals miner and the world's largest palladium producer. Provides palladium market context but is the supply-side counterpart Greenland Mines is positioning to displace.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/GreenlandMines
• YouTubeyoutube.com/channel/UCeFNJ6vLoJ7rtAGkx_Tu4fw
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/greenlandminesltd
• Instagraminstagram.com/greenlandminesltd
• TikToktiktok.com/@greenlandmines

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenland Mines Corp.