Greenland Mines Delivers Landmark S-K 1300 Mineral Resource Estimate for Sarfartoq in Greenland; First-Ever Indicated Resource and First Combined Open Pit/Underground Resource for the Critical Nd-Pr Magnet Rare Earths Project

Independent Tetra Tech and GeoSim Technical Report Summary confirms high-grade resource enriched in the most valuable magnet rare earths — Nd, Pr, Dy and Tb — positioning Sarfartoq as a potential cornerstone Western alternative to Chinese rare earth supply

Neodymium and praseodymium oxide already identified within this resource — approximately 40,700 tons contained in the Indicated and Inferred categories combined — is equivalent to roughly five years of all NdPr oxide refined outside China in 2025