Greenland Mines Assembles Technical Team for $68B Skaergaard PGM-Gold Deposit — Market IQ Media Group Limited

Event summary

Greenland Mines assembled a world-class technical team in five weeks, including SLR Consulting, GTK Mintec, and WSP for its $68B Skaergaard PGM-gold deposit.
The company signed a non-binding Letter of Intent for a downstream processing hub in Iceland targeting power costs below $0.03/kWh.
Skaergaard hosts 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices.
Bank of America raised its 2026 platinum forecast to $2,450/oz and palladium to $1,725/oz, citing persistent market deficits.

The big picture

Greenland Mines' rapid assembly of a technical team for the Skaergaard deposit positions it at the intersection of structural PGM undersupply and Western efforts to secure critical mineral supply chains. The company's strategic focus on low-cost processing in Iceland aligns with broader industry trends towards regionalized, sustainable resource development. With major banks revising price forecasts upwards due to persistent market deficits, Greenland Mines' $68B deposit could become a key player in the PGM complex.

What we're watching

Technical Execution: Whether Greenland Mines can successfully advance the Skaergaard project through technical, metallurgical, and environmental work programs as planned.
Supply Deficit Dynamics: How persistent PGM supply deficits will impact metal prices and the valuation of early-stage developers like Greenland Mines.
Regulatory and Policy Shifts: The pace at which Western governments implement policies to onshore critical minerals supply chains and de-Sino-fy dependencies.