# Greenland's Palladium Answer Just Got 31% Bigger, and Washington Is Watching Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/greenland-s-palladium-answer-just-got-31-bigger-and-washington-is-watching--cd2ec296-223e-4e84-9a03-60a21adb08ce Original source: https://money.tmx.com/en/quote/EFR/news/8166001353817350/greenland-s-palladium-answer-just-got-31-bigger-and-washington-is-watching Publisher: tmx Original announcement: 2026-07-15T15:03:48.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Greenland Mines Ltd. - Ticker: GRML - Exchange: TSX - Region: Greenland - Primary commodity: Palladium - Secondary commodities: Gold, Platinum, Titanium, Vanadium, Gallium - Document categories: Resource update - Extracted: 2026-08-20 20:26:33 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Greenland Mines Ltd. has reported an updated S-K 1300-compliant resource estimate for the Skaergaard project, showing a 31% increase in Indicated palladium-equivalent metal. The update was achieved through improved block modeling and updated metal prices using the existing drill database, rather than new drilling. Reasoning: The resource shows a 31% increase in Indicated PdEq metal and significant grade improvements, though this is driven by updated modeling and higher metal prices rather than new geological discovery. - Positive factor: Significant increase in contained palladium-equivalent metal - Positive factor: Substantial grade improvement across both Indicated and Inferred categories - Positive factor: Regulatory conversion to S-K 1300 compliant standard - Positive factor: Conservative metal price assumptions relative to spot - Negative factor: No new drilling data used; increase driven by modeling and price changes - Negative factor: Tonnage decreased in both Indicated and Inferred categories - Negative factor: Resource currently costed on expensive underground mining basis Facts used in scoring: 2 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The report represents a regulatory conversion to S-K 1300 compliant standards, providing a new technical foundation. Evidence · text > reported the first S-K 1300-compliant Technical Report Summary ever prepared for Skaergaard **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: SLR Consulting \(Canada\) Ltd. is identified as the independent Qualified Person. Evidence · text > SLR Consulting \(Canada\) Ltd., the company's independent Qualified Person, completed a Technical Report Summary **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The document references a previous NI 43-101 baseline for comparison. Evidence · text > Measured against the November 2022 NI 43-101 baseline **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: While a NSR cut-off is mentioned, the specific PdEq grade cut-off used for the 2022 baseline is not explicitly restated for the 2026 comparison in a way that allows direct grade-to-grade audit without the report. Evidence · text > swaps the old 1.43 g/t PdEq cut-off for a net smelter return cut-off of US$84 per tonne ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/greenland-s-palladium-answer-just-got-31-bigger-and-washington-is-watching--cd2ec296-223e-4e84-9a03-60a21adb08ce#fact-resource-facts-0) palladium #### Identity - Commodity: palladium - Ticker: GRML #### Resource Data - Category: indicated - Tonnes: 153600000 - Grade: 3.04 - Grade Unit: g/t - Contained Metal: 15 - Contained Unit: Moz PdEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-15T00:00:00.000Z Reasoning: Indicated PdEq metal increased significantly due to improved modeling and price deck. - Positive factor: 36% grade improvement - Positive factor: 31% metal increase - Negative factor: Tonnage fell 3.4% - Negative factor: No new drilling Evidence · text > Indicated palladium-equivalent contained metal rose 31% from 11.41 Moz to 15.00 Moz PdEq. Indicated PdEq grade climbed 36%, from 2.23 g/t to 3.04 g/t ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/greenland-s-palladium-answer-just-got-31-bigger-and-washington-is-watching--cd2ec296-223e-4e84-9a03-60a21adb08ce#fact-resource-facts-1) palladium #### Identity - Commodity: palladium - Ticker: GRML #### Resource Data - Category: inferred - Tonnes: 177500000 - Grade: 3.07 - Grade Unit: g/t - Contained Metal: 17.49 - Contained Unit: Moz PdEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-15T00:00:00.000Z Reasoning: Inferred PdEq metal and grade both increased significantly via updated modeling. - Positive factor: 24% metal increase - Positive factor: 44% grade improvement - Negative factor: Tonnage fell 13.6% Evidence · text > Inferred rose 24% from 14.11 Moz to 17.49 Moz. Inferred grade climbed 44%, from 2.14 g/t to 3.07 g/t ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.