Greenland Mines Welcomes EU Selection of Neo Performance Materials’ Silmet 2.0 as Strategic Project; Highlights Sarfartoq’s Potential Role in Secure Transatlantic Rare Earth Supply

Dr. Bo Møller Stensgaard, President of Greenland Mines

“Europe has taken an important step by recognizing Silmet 2.0 as a Strategic Project. Processing capacity is essential - but processing facilities must also have access to reliable, responsibly produced and geopolitically aligned raw materials. That is where we believe Sarfartoq can become strategically significant - connecting Greenlandic rare earth resources to established European separation capacity and, ultimately, Western magnet and advanced manufacturing markets. Policy ambition must now be translated into producing mines, adaptable processing capacity, qualified products and bankable customer relationships. Our focus is execution - advancing the technical, environmental, regulatory and commercial work required to move Sarfartoq through development milestones.”

Dr. Bo Møller Stensgaard, President of Greenland Mines

“Europe and the United States are increasingly aligned around the same objective: building resilient critical-mineral supply chains with trusted partners. Greenland is strategically positioned between these markets, and Greenland Mines is building a practical platform to connect its resources with allied processing and industrial capacity. Our objective is to create long-term value in Greenland through transparent and responsible development in cooperation with Greenlandic authorities, communities and stakeholders. The selection of Silmet 2.0 adds meaningful momentum to that vision.”