Greenland Mines Ltd (NASDAQ:GRML, FSE: HK6))) ("Greenland Mines" or the "Company"), a Western-aligned critical-minerals developer advancing two major projects in Greenland, today welcomed the European Commission’s selection of Neo Performance Materials Inc.’s ("Neo") Silmet 2.0 development plan as one of 46 new Strategic Projects under the European Union’s Critical Raw Materials Act ("CRMA").

The European Commission announced the second group of EU Strategic Projects on Oct. 9, 2026, selecting 46 projects across 16 Member States to strengthen and diversify European supplies of critical raw materials.

Silmet 2.0 is Neo’s investment and development plan to adapt infrastructure and production processes at its rare earth separation facility in Sillamäe, Estonia, for new sources of raw material. The initiative is intended to preserve and strengthen production of strategic importance to Europe and support diversification of the region’s critical-mineral supply chains.

Neo is a strategic shareholder in Greenland Mines and retains offtake rights for up to 60% of future Sarfartoq ore or mineral concentrate production.

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