Engagement promotes the pathway to exploitation license while fostering responsible, large-scale development of the Skaergaard Project.
CHARLOTTE, N.C., March 19, 2026 /PRNewswire/ — Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) has announced a consultancy agreement with WSP Danmark A/S (“WSP Denmark”), a part of the global WSP group, to design and implement a comprehensive Environmental Impact Assessment (“EIA”) baseline program at the Company’s Skaergaard Gold-Palladium-Platinum and Critical Metal Project in eastern Greenland.
Under the terms of this agreement, WSP Denmark will provide technical advice and assistance related to baseline surveys for the EIA, support the development of the Terms of Reference (“ToR”), and prepare the EIA report necessary for an exploitation license application to the Government of Greenland (Naalakkersuisut). This initiative aligns with the updated exploitation permitting framework established by the Government of Greenland in 2025.
The President of Greenland Mines, Bo Moller Stensgaard, stated, “Formalizing our collaboration with WSP Denmark is a key component to launching this comprehensive environmental baseline program at Skaergaard well ahead of statutory requirements. This demonstrates our commitment to building Skaergaard in a manner that meets the highest environmental standards and expectations in Greenland. WSP’s extensive Arctic experience and proven track record on mining EIAs in Greenland provide the necessary technical foundation for this phase of the project. The scale of Skaergaard and its strategic metals profile make this work a significant step towards our responsible development trajectory.”
Strong Platform for Exploitation License
The collaborative work with WSP Denmark is intended to satisfy the environmental requirements associated with the Company’s planned exploitation license application. This includes preparation of the Terms of Reference (“ToR”), collection of environmental baseline data, and drafting a compliant EIA for public consultation and regulatory approval.
By initiating this environmental work, Greenland Mines is accelerating the Skaergaard development and permitting process, while simultaneously demonstrating a strong, long-term commitment to responsible development in Greenland.
Two-Year Arctic Environmental Baseline Program
The EIA, which must be submitted following the granting of an Exploitation License, typically necessitates at least two years of prior biological baseline surveys covering the entire project area and realistic development alternatives. The work program scheduled for 2026 and 2027 aims to meet this requirement.
The scope of WSP Denmark’s work for Skaergaard includes:
- Installation of automated weather stations near the Sødalen airstrip and potential infrastructure sites to continuously monitor temperature, wind, precipitation, and humidity, with satellite data transmission.
- Establishment of hydrological monitoring stations on key rivers to measure water levels and flows, which will assist in assessing water use for processing and tailings management.
- Conducting extensive terrestrial and marine baseline work, including vegetation and habitat mapping, systematic observations of mammals and birds, and dedicated monitoring of marine mammals using several submerged hydrophone stations.
- Collection of biological and environmental samples for archiving in the Greenland Mineral Resources Environmental Sample Bank, adhering to updated Greenlandic sampling guidelines.
- Detailed characterization of the marine seabed using submerged underwater Remote Operated Vehicle video and grab sampling in areas relevant to potential sites for harbour and other facilities.
A comprehensive baseline report will be delivered following the 2026 campaign, with a final baseline report, along with the approval of ToR and the first draft EIA, targeted for completion after the 2027 program.
About WSP Denmark
WSP Denmark possesses extensive Arctic environmental and permitting expertise, including various mining and infrastructure projects in Greenland and the broader North Atlantic region. Operating within WSP’s global framework of mining, processing, and environmental specialists allows Greenland Mines to access both local Greenlandic and international best practices in areas such as mine design, water management, tailings, biodiversity, climate resilience, and closure planning.
About Skaergaard
The Skaergaard intrusion is recognised as one of the world’s largest undeveloped resources of gold-palladium-platinum, alongside additional metals increasingly vital for energy transition, defence applications, and high-technology supply chains. Although the project area has benefitted from decades of geological, resource, and academic work, historical environmental datasets remain relatively limited. Thus, the current, large-scale baseline program is crucial for enabling responsible, long-term mine development.
About Greenland Mines Ltd
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, concentrating on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits globally; and (2) Cell and Gene Therapy, which includes Klotho’s KLTO-202 primary indication for ALS. The Company holds an 80% interest in the Skaergaard Project, with an option to acquire the remaining 20%, which hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq, amounting to a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices.