Greenland Mines Ltd · NASDAQ:GRML
Greenland Mines — Conference Presentation (May 2026)
27 slides from Greenland Mines's conference presentation, May 14, 2026
Slide 1: From Resource to Corridor: Developing the Skaergaard Project
Greenland Mines Ltd (NASDAQ: GRML) Visit greenlandmines.com for more information May 13 - 14, 2026, Toronto From Resource to Corridor: Developing the Skaergaard PGM - Au - V - Ga - Fe - Ti Project in East Greenland for the New Critical Minerals Economy Bo Møller Stensgaard, Ph.D., President, Greenla
Slide 2: Disclaimer
Disclaime r This presentation contains “forward - looking information” within the meaning of applicable Canadian securities regulations and “forward - looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward - looking inform
Slide 3: Skaergaard Project: large undeveloped gold, palladium and platinum resource
Located in Southeast Greenland, the Skaergaard Project is a large undeveloped gold, palladium, and platinum Mineral Resource of 159Mt Indicated and 205 Mt Inferred 1 , with a gross in - situ contained metal value of approximately $68 Billion at February 2026 metal prices 2 Greenland Mines Ltd plans
Slide 4: Skaergaard Intrusion – the beating heart of the opening of the North Atlantic
A thermal scar running NW - SE was created as Greenland shifted northwest over the Iceland hotspot starting approximately 80 million years ago. The 56 million year Skaergaard Intrusion represent the beating heart of the opening of the North Atlantic. Several kilometers of volcanic floodbasalts on to
Slide 5: East Greenland – remote, yet connected and strategic North Atlantic
East Greenland – remote, yet connected and strategic North Atlantic 5 Reykjavik & Capital Region, Iceland • Population ~250,000 in this region. • Keflavik - 25 major international airlines: New York, Boston, Chicago, Seattle, Denver, Toronto, Montreal, Vancouver, London, Paris, Amsterdam, Copenhagen
Slide 6: Skaergaard Intrusion's Iconic Status
Skaergaard Intrusion’s Iconic Status Skaergaard Intrusion in East Greenland was emplaced around 56 million years ago beneath an accumulating series of plateau basalts that had formed during the continental break - up and the opening of the North Atlantic Ocean . First major scientific expedition to
Slide 7: Skaergaard Intrusion 3D illustration
UZ UBS MZ LZ HZ Skaergaard Intrusion 3D illustration of the Skaergaard layered intrusion shown as a magmatic body beneath Manhattan, New York . Building heights and intrusion dimensions are drawn to approximate scale, highlighting the vastly larger size of Skaergaard relative to the city, though exa
Slide 8: Skaergaard Gold, Palladium, Platinum Mineralization Deposit Overview
Skaergaard Gold, Palladium, Platinum Mineralization Deposit Overview Deposit Type Stratiform Au and Pd - Pt in mafic layered intrusion (Triple Group). Host Rock Leucocratic gabbro layers (L0 – L3) within Skaergaard Intrusion. Geometry 7.5 km (E – W) x 11 km (N – S), sill - like, 4 km depth potential
Slide 9: Skaergaard in 3D
Skaergaard in 3D Air Glacier Ocean UZb - t UBz - a UBz - b Basistoppen Sheet UBZ UZc UZb UZa L 3 Triple Group H5 H4 H3 H1H2u H3L1 H1H2L H0 MZ MZ LZb LZa Hz Feeder Dyke Section Line Mineralized sequence 9 Source: NI 43 - 101 Technical Report on the Skaergaard Project, Southeastern Greenland. SLR Cons
Slide 10: Historical work – recent results affect potential mining scenario
Historical work – recent results affect potential mining scenario Area where Triple Group and Au - Pd - Pt horizons are outcropping at surface or close to bed - rock subsurface (0 - 200m) Source: NI 43 - 101 Technical Report on the Skaergaard Project, Southeastern Greenland. SLR Consulting, November
Slide 11: Timeline
Timeline 1935 The Skaergaard Intrusion was discovered by L.R. Wager in 1935, resulting in a monumental memoir (Wager & Deer 1939), arguably one of the most significant petrological publications of the 20th century. From the 1950s and continuously until today, the Skaergaard Intrusion represents one
Slide 12: Predictable
Predictable 12 Source: NI 43 - 101 Technical Report on the Skaergaard Project, Southeastern Greenland. SLR Consulting, November 30, 2022
Slide 13: A fraction turned into resources
A fraction turned into resources 13 Source: NI 43 - 101 Technical Report on the Skaergaard Project, Southeastern Greenland. SLR Consulting, November 30, 2022
Slide 14: Notes on Mineral Resource estimate
NOTES 1. CIM (2014) definiti ons wer e followed for Miner al Re sources. 2. PdEq grades were calculated using the for mula PdEq (g/t) = g/t Pd + (1.079 * g/ t Au) + (0.674 * g/t Pt), which assumes metal prices of US$1,725/ oz Pd, US$1,800/oz Au, and US$1,250/ oz Pt, metallurgical recove ries of 86%
Slide 15: Contained Metal Pd Equivalent Grades
Contained Metal Pd Equivalent Grades SLR Technical Memorandum, May 2026. PdEq 2026 High PdEq 2026 Medium PdEq 2026 Low PdEq MRE 2022 PdEq 2026 High PdEq 2026 Medium PdEq 2026 Low PdEq MRE 2022 Mass (Mt) Horizon Name Class 2022 Moz Eq. Moz Eq. Moz Eq. Moz Eq. g/t Eq. g/t Eq. g/t Eq. g/t Eq. 2.59 1.96
Slide 16: What about other critical metals?
What about other critical metals? • The Triple Group sits in the strongly fractionated layered Skaergaard mafic intrusion - metal distribution is controlled by predictable magmatic layering rather than random overprint. • The same host sequence that carries Au - Pd - Pt is also consistently rich in
Slide 17: GTK Mintec Engaged to Advance Process De-Risking and Value Capture
GTK Mintec Engaged to Advance Process De - Risking and Value Capture at Skaergaard Photo courtesy: GTK End - to - end mineralogical, metallurgical, pilot - scale and environmental test work designed to support a robust flowsheet for precious metals and bulk critical - metal products. • Greenland Min
Slide 18: Strategic supply context for Skaergaard
• ~40% of global palladium comes from Russia , a sanctioned and geopolitically exposed supplier. • South Africa supplies the largest share of global PGMs and remains operationally fragile as a deep, power - intensive mining jurisdiction. • China controls key midstream choke points and has already im
Slide 19: Field campaign 2026 to unlock the Project
Field campaign 2026 to unlock the Project Preliminary Economic Assessment Exploitation Permit 19 Processing flow - sheet & pilot North Atlantic Critical Minerals Corridor • Large multi - technical field campaign; 2 months, >50 - person crew. • M/V Argus icebreaker vessel as the offshore logistics pl
Slide 20: Skaergaard – connected to a North Atlantic Minerals Corridor
Skaergaard – remote, yet connect to a North Atlantic Minerals Corridor North Atlantic 20
Slide 21: East Greenland and Skaergaard infrastructure and logistics
• Deep, sheltered fjord for ship loading and bulk transport – access to open sea transport. • Direct access super - highways - North Atlantic sea routes for Iceland, US and Europe – future Transpolar Sea Route next to Skaergaard. • International Airport at Keflavik Iceland - local gravel airstrip at
Slide 22: Iceland: a potential processing platform
Iceland: a potential processing platform in a future North Atlantic minerals corridor Site - ready industrial platforms, policy alignment, and green power for Skaergaard Why Iceland leads • Industrial sites ready for scale Established heavy - industry locations with port, grid and expansion logic •
Slide 23: The North Atlantic Critical Minerals Corridor
The North Atlantic Critical Minerals Corridor Illustrative cost comparisons and savings scenarios are based on assumptions described in the release 2026/04/16 and remain subject to future technical, commercial, and permitting dialogues and studies. 1 Eco - Business Park , Helguvik industrial site an
Slide 24: Direct access from shelter to ocean route
Watkins Fjord Sødalen 2 km Skaergaard Intrusion Direct access from shelter to ocean route: 400 - 600 km to Iceland – bulk - carrier 20 - 30 hrs 1,600 km to US East Coast – bulk - carrier 3.5 days 2,700 km to Amsterdam/Europe – bulk - carrier 5 days Skaergaard Site Sødalen gravel airstrip (600m) and
Slide 25: Skaergaard Project conceptual layout
2hr to Iceland Inter. Airport Sødalen 2hr to Iceland Inter. Airport 2 km Skaergaard Project - conceptual - • Preliminary internal concepts contemplate a potential initial open - pit operation strategically positioned to capitalize on one of the world's largest undeveloped platinum group metal (PGM)
Slide 26: Skaergaard: a large, strategic and evolving mineral opportunity
Skaergaard: a large, strategic and evolving mineral opportunity • A large disclosed Au - Pd - Pt Mineral Resource provides the project’s current technical foundation. • Drilling, bulk - sampling, surveys and studies are planned for the field campaign in 2026 to evaluate potential resource growth/upg
Slide 27: Forward-Looking Statements and contact
Forward - Looking Statements: This presentation contains forward - looking statements and assumptions, including but not limited to those regarding exploration potential, development timelines, resource expansion, and market dynamics. Please refer to the full disclaimer slide for additional detail.