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Hello!

We wanted to give you a quick intraday update of our new alert, Greenland Mines Ltd (Nasdaq: GRML).

Following our alert this morning, GRML opened at 0.207 and rallied to a high so far of 0.23, up +11%.

Following our previous alert, GRML rallied +60% in just a couple of weeks.

Now, GRML could be building momentum for its next breakout higher.

GRML has a 20 and 50 day moving average of 0.20 and 0.24, respectively.

A breakout and close above this range puts the recent high of 0.29 into play, +40% from today’s open.

In addition, GRML released news this morning:

“Greenland Mines Arrives at Skaergaard, Commences Drilling as 2026 Field Season Moves into Full Operation”

Here are the highlights from this press release:

  • Support vessel Argus anchored on site following smooth Denmark Strait crossing

  • Equipment and infrastructure successfully mobilized ashore with safety inductions completed across all operational teams

  • First drill rigs turning with initial holes expected complete within days

“SKAERGAARD, Greenland, Aug. 11, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) is pleased to announce that its support vessel Argus has arrived and anchored at the Skaergaard gold, palladium and platinum project in southeast Greenland, following a smooth crossing of the Denmark Strait.  Drilling has now commenced as the Company's 2026 field season moves into full operation.”

As the company further explains:

“Argus anchored close to shore, near the area identified for initial drilling and bulk sampling. Equipment, machinery, materials, and local onshore infrastructure were successfully slung from Argus to shore, and safety drills and inductions were completed across all parts of the operation before work began. The Company's diamond drill rigs, supplied and operated by the drilling company Nordisk Fundering and including two new heli-portable units, have been assembled and are now running, with the first holes of the season expected to be completed within days.”

Here are some of the company’s comments from this press release:

"Arriving safely at Skaergaard and getting rigs turning is a defining moment for this season, and for the project," said Dr. Bo Møller Stensgaard, President of Greenland Mines Ltd. "The crossing was smooth, the offload went exactly to plan, our safety inductions are complete, and drilling is now underway. Every step this summer builds toward the next phase of Skaergaard's development, and this is where that work truly begins. I want to recognize the entire team on the ground and aboard Argus for the professionalism and care that went into getting us here safely and getting equipment ashore so efficiently. That is the foundation for a strong season."

Operational Highlights Since Arrival

  • “Safe arrival and anchorage: Argus completed a smooth crossing of the Denmark Strait and is now anchored close to shore at Skaergaard Project, near the area targeted for the season's initial drilling and bulk sampling.

  • Full mobilization ashore: equipment, machinery, materials, and onshore infrastructure have been successfully transferred from Argus to the Skaergaard shoreline.

  • Safety first: safety drills and inductions have been completed across all parts of the operation, consistent with the Company's commitment to a safe, disciplined field season.

  • Drilling underway: drill rigs from Nordisk Fundering, including two new heli-portable units, have been assembled and are operating, with the first holes of the season expected to be completed within days.

  • Drone-based LiDAR survey work: initial LiDAR drone surveys have been completed, and the areas planned for blasting and bulk sampling later in the season have been outlined.

  • Drill target definition advancing: approximately one-third of the season's planned drill locations have been identified and marked in the field, with the remainder to follow as the program progresses.

  • Sødalen airstrip confirmed operational: the Sødalen airstrip has been assessed and found to be in excellent condition, providing the Company with an efficient means of mobilizing and demobilizing crew and topic-specific experts over the coming two months by fixed-winged aircrafts, as well as an important safety component.

  • Favorable field conditions: the team has been operating under sunny, warm conditions, supporting strong early-season progress.”

A Season Built for the Next Phase of Skaergaard

“The commencement of drilling marks the start of the operational core of the Company's 2026 field program at Skaergaard, which is designed to support further upgrading of the Mineral Resource, advance metallurgical and engineering studies through bulk sampling, and generate the environmental, geotechnical and infrastructure data required to advance Skaergaard toward an Initial Assessment and its next phase of development. With Argus on site, equipment ashore, and drill rigs turning, the Company is positioned to execute a full and productive season across the coming two months.”

We are watching for GRML to hold above today's open and close near the highs of the day as confirmation of the next leg higher.

We are continuing to monitor GRML for a sustainable breakout higher.

Sources: IEA, IN, PR, PR1, PR2, PR3, PR4, PR5, PR6, PR7, PR8, PR9, PR10, PR11, Website, Chart

Happy Trading!

SmallCapStocks Team

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