RockBreaks – Greenland Mines Ltd. (NASDAQ: GRML) Closes Sarfartoq Rare Earths Acquisition, Advances Project Toward Pre-Feasibility
Greenland Mines (NASDAQ: GRML) announced the Sept. 1, 2026, closing of its acquisition of the Sarfartoq Nd-Pr Rare Earths Project in southwest Greenland, completing a transaction valued at $20 million in cash and $15 million in securities. The company said Sarfartoq planned annual NdPr oxide production would represent approximately 34% of all NdPr oxide refined outside China at 2025 consumption levels during each of the project nine scheduled operating years. An independent Initial Assessment based solely on the ST1 deposit estimates a high-case pre-tax NPV of approximately $2.05 billion and pre-tax IRR of 118.6%, including Indicated and Inferred Mineral Resources. With the acquisition complete, Greenland Mines plans targeted infill drilling, pilot-scale metallurgical test work, mine…