Greenland Mines Ltd entered into a securities purchase agreement on August 26, 2026, to sell 1,632,783 shares of common stock and pre-funded warrants exercisable for up to 2,367,517 additional shares in a registered public offering. The securities were priced at $5.00 per share or $4.9999 per pre-funded warrant, generating aggregate gross proceeds of approximately $20 million. Net proceeds are expected to be approximately $18.5 million after deducting placement agent fees and expenses. A.G.P./Alliance Global Partners served as the sole placement agent, receiving a 7.0% cash fee plus expense reimbursements. The company intends to use the net proceeds, combined with existing cash, to complete the acquisition of the Sarfatoq project for working capital purposes. Closing is expected on or about August 27, 2026. Greenland Mines Ltd operates in the critical minerals mining and biotechnology sectors.
