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Greenland Mines Outlines $2B Valuation for Sarfartoq Project

BenzingaVandana Singh

Greenland Mines released an Initial Assessment for its Sarfartoq project, projecting a pre-tax net present value up to $2.05 billion.

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    Greenland Mines Provides Progress Update on 2026 Field Programs at Skaergaard and Sarfartoq

    Greenland Mines completed its 2026 bulk-sampling program at the Skaergaard palladium-platinum-gold project in East Greenland, collecting 104.8 tons of mineralized material from seven sites—exceeding the original plan. Simultaneously, the company opened its exploration camp at the Sarfartoq rare earth element project in West Greenland and initiated structural mapping and environmental baseline studies, building on the project's compelling Initial Assessment showing a pre-tax NPV of approximately US$2.05 billion and IRR of 118.6%.