- Updating a Mineral Resource Estimate under SEC Regulation S-K 1300 represents an important milestone for companies listed on U.S. exchanges.
- Greenland Mines is also continuing to advance the Sarfartoq Neodymium-Praseodymium Rare Earth Magnet Project on several additional fronts.
- According to the company, Sarfartoq is distinguished by its concentration of neodymium and praseodymium, commonly referred to as Nd Pr.
As governments and manufacturers race to secure reliable supplies of rare earth elements for electric vehicles, renewable energy technologies and defense systems, projects that can advance toward modern resource estimates and economic studies are drawing increasing attention. Greenland Mines (NASDAQ: GRML), a mineral exploration and development company focused on building a strategic portfolio of critical mineral assets in Greenland, recently announced a significant step forward in the development of its Sarfartoq Neodymium-Praseodymium Rare Earth Magnet Project through an accelerated program to update the project’s mineral resource estimate in accordance with U.S. Securities and Exchange Commission Regulation S-K 1300.
The company has engaged Tetra Tech Canada Inc. and GeoSim Services Inc. to conduct an updated S-K 1300-compliant Mineral Resource Estimate (“MRE”) for the Sarfartoq project in southwest Greenland. Under the agreements, GeoSim will serve as the Qualified Person responsible for the…
NOTE TO INVESTORS: The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML
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