— via IBN – Greenland Mines Ltd (Nasdaq: GRML; FSE: HK6) (“Greenland Mines” or the “Company”), a Western-aligned critical-minerals developer advancing two major projects in Greenland, today welcomed the European Commission’s selection of Neo Performance Materials Inc.’s (“Neo”) Silmet 2.0 development plan as one of 46 new Strategic Projects under the European Union’s Critical Raw Materials Act (“CRMA”).
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Ltd → align → Act
The European Commission announced the second group of EU Strategic Projects on Oct. 9, 2026, selecting 46 projects across 16 Member States to strengthen and diversify European supplies of critical raw materials.
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Commission → announce → materials
Silmet 2.0 is Neo’s investment and development plan to adapt infrastructure and production processes at its rare earth separation facility in Sillamäe, Estonia, for new sources of raw material.
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Silmet → adapt → material
The initiative is intended to preserve and strengthen production of strategic importance to Europe and support diversification of the region’s critical-mineral supply chains.
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initiative → intend → chains
Neo is a strategic shareholder in Greenland Mines and retains offtake rights for up to 60% of future Sarfartoq ore or mineral concentrate production.
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Neo → retain → production
The selection of Silmet 2.0 is particularly relevant to Greenland Mines because it recognizes the need to maintain and strengthen rare earth separation capacity in the European Union while securing diversified, long-term sources of upstream material.
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it → recognize → material
Sarfartoq and Silmet could represent complementary parts of that supply chain: an advanced NdPr-dominated rare earth resource in Greenland and an established European separation facility adapting to new sources of feedstock.
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Sarfartoq → represent → feedstock
Dr. Bo Møller Stensgaard, President of Greenland Mines, commented:
“Europe has taken an important step by recognizing Silmet 2.0 as a Strategic Project.
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Europe → comment → Project
Processing capacity is essential - but processing facilities must also have access to reliable, responsibly produced and geopolitically aligned raw materials.
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facilities → have → materials
That is where we believe Sarfartoq can become strategically significant - connecting Greenlandic rare earth resources to established European separation capacity and, ultimately, Western magnet and advanced manufacturing markets.
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Sarfartoq → believe → capacity
Policy ambition must now be translated into producing mines, adaptable processing capacity, qualified products and bankable customer relationships.
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ambition → translate → mines
Our focus is execution - advancing the technical, environmental, regulatory and commercial work required to move Sarfartoq through development milestones.
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focus → advance → milestones
On Sept. 22, 2026, a security agreement among the United States, Greenland and Denmark was signed, which reinforces Greenland’s importance to Arctic and North Atlantic security and cooperation.
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which → sign → security
Greenland Mines believes these European and U.S. developments point to the same conclusion: resilient critical-mineral supply chains require coordinated investment among trusted jurisdictions with complementary resources, technology, processing capacity, infrastructure and capital.
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chains → believe → resources
That convergence is central to Greenland Mines’ North Atlantic Critical Metals Corridor vision - connecting responsibly developed Greenlandic resources with European and North American logistics, processing, technology, capital and industrial markets.
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convergence → connect → markets
Sarfartoq provides the rare earth magnet-material component of that vision, while the Company’s Skaergaard Project in southeast Greenland provides large-scale exposure to palladium, platinum and gold, together with additional potential by-products.
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Project → provide → products
“Europe and the United States are increasingly aligned around the same objective: building resilient critical-mineral supply chains with trusted partners,” Dr. Stensgaard continued.
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Stensgaard → align → partners
“Greenland is strategically positioned between these markets, and Greenland Mines is building a practical platform to connect its resources with allied processing and industrial capacity.
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Mines → position → capacity
Our objective is to create long-term value in Greenland through transparent and responsible development in cooperation with Greenlandic authorities, communities and stakeholders.
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objective → create → authorities
The selection of Silmet 2.0 adds meaningful momentum to that vision.”
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selection → add → vision
The Company is advancing Greenlandic mineral assets capable of supporting diversified Western supply chains while creating long-term value in Greenland through responsible development, environmental stewardship, local participation and transparent stakeholder engagement.
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Company → advance → development
Its North Atlantic Critical Metals Corridor vision seeks to connect Greenlandic resources with allied logistics, processing, technology, capital and industrial markets across Europe and North America.
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vision → seek → Europe
This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and other applicable securities laws.
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release → contain → 1995
Forward-looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate,” “target” and similar expressions.
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statements → look → believe
Forward-looking statements are based on current expectations and assumptions and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including exploration, geological, resource-estimation, metallurgical, engineering, environmental, social, permitting, infrastructure, financing, commodity-price, market, counterparty, political, legislative and execution risks; uncertainty regarding a definitive offtake agreement; the speculative nature of Inferred Mineral Resources; the absence of Mineral Reserves; and risks described in the Company’s filings with the U.S. Securities and Exchange Commission.
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results → look → Commission
The Aporia
