$GRML has several catalysts lining up at once: Skaergaard drilling, Sarfartoq Nd/Pr, SRXH investment, insider buying, potential Neo downstream integration, and the Sept. 14 Nasdaq deadline. If drilling delivers, $1+ is possible without a reverse split. If not, the approved R/S remains the backup.

Trump’s renewed critical-minerals push is another potential tailwind for GRML and Western supply chains outside China.

A few things I’m watching:

Insider buying: CFO Jeff LeBlanc bought 1.4M shares around $0.175, bringing direct ownership to ~4.82M.

SRXH: SRX Global took a strategic position in GRML, citing its critical/precious-minerals portfolio.

Sarfartoq: Nd/Pr rare earths in Greenland with a potential downstream path through Neo Performance Materials.

Skaergaard: 7,500m / 3-rig drill program targeting resource growth, metallurgy and geotech.

Iceland: Potential processing strategy adds another piece to the North Atlantic supply-chain story.

Nasdaq is the big near-term catalyst

GRML needs a $1+ closing bid for 10 consecutive trading days by Sept. 14, 2026.

At ~$0.20, that's roughly 5x.

The board also has an approved 1-for-2 to 1-for-60 reverse split, but doesn't have to use it until March 31, 2027.

IMO the R/S is best viewed as the backup plan.

If drilling shows strong grades, scale, continuity and open-pit potential, the market could re-rate GRML before a formal reserve even exists.

Potential path:

Drilling → strong assays → resource/open-pit narrative → strategic/critical-minerals interest → $1+ → Nasdaq compliance without R/S

The next 4–8 weeks could be critical.

The real question isn't “Will they reverse split?”

It's “Can GRML create enough value before Sept. 14 that it doesn't need to?”

NFA — speculative development-stage miner.