Austin, Texas, United States, October 2nd, 2026, NewsDirect
- Company president notes access to NA capital and finance experts, key management team and deep operational, logistical and technical expertise.
- The company's first project is Skaergaard, a deposit dominated by palladium and gold.
- Greenland Mines' second project, Sarfartoq, targets neodymium and praseodymium, two rare earth elements used in powerful magnets.
China mines more than two-thirds of the world's rare earth elements and processes up to 90% of them. That concentration concerns Western governments and manufacturers alike. Export controls from Beijing have already pushed up prices and disrupted supply chains for the magnets used in cars, wind turbines and defense systems. Analysts project a 36% global shortfall in neodymium and praseodymium supply by 2030, even accounting for new production outside China. Greenland Mines' (NASDAQ: GRML) wants to be part of the answer. In a newly released podcast, Greenland Mines president Dr. Bo Møller Stensgaard laid out how Greenland Mines plans to develop two large mineral deposits outside China's reach.
During the IBN MiningNewsWire podcast, Stensgaard spoke about the company's strategy, leadership team and project pipeline, describing Greenland Mines as built specifically around its Greenland assets. "We have access to North American capital and finance market experts, and we have a management team spanning the U.S., Denmark and Greenland, bringing...
NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit https://www.IBN.ai
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: https://IBN.ai/Disclaimer
The latest news and updates relating to GRML are available in the company's newsroom at https://ibn.fm/GRML
Corporate Communications
IBNAustin, Texaswww.IBN.ai512.354.7000 Office[email protected]