Greenland Mines Discovers Gallium, Vanadium at Skaergaard

Greenland Mines announced a discovery of potential gallium and vanadium at its Skaergaard project in southeast Greenland. The company completed its 2026 field program at the site. It is now evaluating these new potential value streams, alongside iron and vanadium-bearing titanomagnetite.

The program delivered physical material and geoscientific data. This information will help advance Skaergaard towards metallurgical development, mine planning, and environmental studies. Explorers drilled 4,480 meters of diamond core, the first large-diameter core recovered at Skaergaard.

Gallium occurs throughout the project’s mineralized horizons. However, no economic credit is currently assigned to these potential by-products. The company also extracted over 105 tons of bulk material from gold and palladium-platinum zones.

An updated technical report in July boosted contained palladium-equivalent metal across resource categories by more than half. Grades rose by about 80%. The project now holds 153.6 million indicated tonnes grading 1.53 grams palladium per tonne, 0.65 gram gold, and 0.12 gram platinum. This represents a 36% rise in grade over the 2022 estimate.

Greenland Mines President Dr. Bo Møller Stensgaard said the campaign changes Skaergaard’s development readiness. Greenland Mines (Nasdaq: GRML) stock closed down 14% on the NASDAQ. The company has a $109.5 million market capitalization.