Greenland Mines reported an independent Initial Assessment under U.S. Securities and Exchange Commission Regulation S-K Subpart 1300 for its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland. The high case assigns the project a pre-tax NPV of approximately $2.05 billion at an 8% real discount rate and an IRR of 118.6% using Indicated and Inferred Mineral Resources, or $1.49 billion and 92.7%, respectively, using Indicated Resources alone. The assessment covers only the ST1 deposit, whose planned annual NdPr oxide output would represent about 34% of NdPr oxide refined outside China at 2025 consumption levels during each of nine scheduled operating years. The hybrid open-pit and underground plan is based on 6.9 million metric tons of Indicated Resources grading 1.60% TREO and 5.3 million tons of Inferred Resources grading 0.96% TREO. Neo Performance Materials is expected to become a strategic shareholder and retain non-binding offtake rights for up to 60% of future Sarfartoq concentrate production, subject to the relevant transaction arrangements. Environmental baseline work continues ahead of licensing, while drone surveys planned for September 2026 will assess additional exploration targets. Greenland Mines shares were up 5.22% at $10.25 at the time of publication on Tuesday, according to Benzinga Pro data. The company plans further drilling, metallurgical testing, engineering and environmental work before a Pre-Feasibility Study.