Mountains is one of Lovecraft’s best stories, telling of a scientific expedition’s discovery of the ruins of a not-quite-dead extraterrestrial civilisation beneath the ice of Antarctica. (Did this movie play a role in inspiring the 1951 movie Thing From Another World? I’ve always wondered. Officially that movie was based on John Campbell’s short story “Who Goes There?” but then it’s that story I’m wondering about.)
The new film is being written and directed by Guillermo del Toro (of Pan’s Labyrinth), so that’s a promising sign.
Well, speak of the devil: here’s an interview with del Toro in which he discusses Mountains (among other projects).