Issued on behalf of Greenland Mines Ltd. Greenland Mines Ltd. (Nasdaq: GRML ) has signed a diamond drilling contract with Arctic specialist Nordisk Fundering for a ~7,500-metre, three-rig 2026 campaign at Skaergaard — work designed to push one of the West ' s largest palladium-gold-platinum deposits from a big resource toward a development-ready, open-pit-scale project. CHARLOTTE, N.C. , June 25, 2026 /PRNewswire/ -- AmericanNewsGroup.com News Commentary — In exploration, signing a drilling contract is the moment a plan stops being a slide deck and starts becoming meters in the ground. On June 22, 2026, Greenland Mines Ltd. (Nasdaq: GRML ) did exactly that, announcing it has signed a diamond drilling contract with Nordisk Fundering A/S to execute the 2026 field campaign at its 80%-owned Skaergaard precious and critical metals project in southeast Greenland — a deposit the Company describes as one of the largest undeveloped palladium, gold, and platinum resources in the world. The contract anchors a roughly 7,500-metre, helicopter-supported diamond core program built to serve several objectives at once: advancing resource categories, gathering fresh metallurgical material for the processing work underway with GTK Mintec, and — notably — collecting the geotechnical data needed to evaluate a future open-pit. That last point is the tell. A company gathering pit-wall and rock-mass data is no longer just asking whether metal is in the ground; it is starting to ask how a mine might actually be built. A Western Palladium Story in a Russia-and-South-Africa World To understand why this milestone matters, start with where palladium and the broader platinum-group metals (PGMs) come from. Global PGM supply is overwhelmingly concentrated in Russia and South Africa, with Zimbabwe a distant third — a roster that, in the current geopolitical climate, reads less like a supply chain and more like a list of vulnerabilities. Palladium and platinum are indispensable to autocatalysts, hydrogen fuel cells, electronics, and a range of industrial and defense applications, and Western governments have spent the past few years waking up to how little of that supply they actually control. The price action has reflected that anxiety. Palladium has rebounded sharply from its 2024 lows, and the PGM basket price reported by producers has climbed back above US$3,000 per ounce in early 2026, driven by structural supply deficits and constrained output from the legacy producing regions. Against that backdrop, a large, undeveloped PGM deposit sitting in Greenland — a jurisdiction firmly inside the Western and EU orbit — carries a strategic premium that simply did not exist a few years ago. Skaergaard is exactly that kind of asset. The Skaergaard Resource Skaergaard is hosted in the Eocene-age Skaergaard intrusion in southeast Greenland and ranks among the largest undeveloped palladium-gold-platinum systems on Earth. Greenland Mines holds an 80% interest in the project, with an option to acquire the remaining 20%. The existing NI 43-101 Mineral Resource was prepared by SLR Consulting (Canada) Ltd., with Philip A. Geusebroek, M.Sc., P.Geo. as Qualified Person, based on a block model that underpins the Company's palladium-equivalent (PdEq) resource figures. Earlier in 2026, an independent SLR Consulting metal-price sensitivity analysis showed how leveraged that resource is to PGM and gold prices: under a high-price case, the study indicated 16.58 million ounces PdEq in the Indicated category and 21.92 million ounces PdEq Inferred. Those are illustrative, price-driven figures rather than reserves — no preliminary economic assessment, pre-feasibility, or feasibility study has yet been completed on Skaergaard — but they frame the scale of what the 2026 drilling is meant to help convert and de-risk. What the 2026 Campaign Actually Does The headline number is approximately 7,500 metres of helicopter-supported diamond core drilling, executed with three helicopter-portable rigs on site, adapted for diamond exploration in rugged terrain and capable of operating on rock and selected ice-covered ground within the Skaergaard license area. The program is expected to mix HQ and NQ core in both vertical and angled holes, with some holes targeting resource-conversion areas and others gathering the geotechnical and metallurgical information required for mine planning and open-pit evaluation. Nordisk Fundering is an experienced Scandinavian drilling contractor with relevant Arctic and Greenland operating experience and a leadership team with decades of work in the region's remote, demanding northern conditions. Greenland Mines specifically flagged the contractor's geotechnical drilling background as valuable, because a significant portion of the planned drilling is intended to feed directly into rock-mass characterization and potential pit-wall design assumptions — the unglamorous engineering inputs that future development decisions rest on. Crucially, the drill r