GreenX Metals stakes 1,600 sq km of gold and tungsten ground in Greenland

Prior to the summer field season, the company re-logged and re-assayed archive drill core from the historical North Margeries Sb-W and South Margeries W deposits. It also reprocessed airborne hyperspectral survey data covering the Margeries area, data originally released in May 2026. The reprocessing yielded new targets that crews visited during this year's fieldwork.

Fieldwork is now complete across both the new licences and the existing Eleonore North tenements. First results are expected in the current quarter. Reconnaissance sampling and mapping have tested the RIRGS model over the Caledonian intrusions within the newly granted ground.

The region has a long exploration history. In 1975, Nordmine collected gold-mineralised boulders and veins from areas now under licence. Stream sediment sampling followed in 1979 and 1980, with heavy mineral concentrates analysed in 1983. Gold, scheelite, and other indicator elements turned up within the current licence boundaries. Geologists recommended detailed follow-up work in 1983, but none was done. Nordmine held an exclusive mineral licence covering 100,000 sq km in East Greenland until it was liquidated in 1992.

GreenX shares last traded at 88 cents, capitalising the company at $273.9 million.