Greenland Mines Highlights EU Strategic Project Designation For Neo's Silmet 2.0 Rare Earth Development

Greenland Mines Ltd (NASDAQ: GRML) announced that the European Commission has designated Neo Performance Materials Inc.'s Silmet 2.0 development plan as one of 46 new Strategic Projects under the EU's Critical Raw Materials Act. This initiative aims to enhance the infrastructure and production processes at Neo's rare earth separation facility in Estonia, thereby supporting the diversification of Europe's critical-mineral supply chains. Neo, a strategic shareholder in Greenland Mines, holds offtake rights for up to 60% of future Sarfartoq ore production.