Greenland Mines Ltd. entered into a securities purchase agreement to sell and issue an aggregate of 1,765,420 shares of common stock and pre-funded warrants exercisable for up to 1,434,580 additional shares in a direct registered offering at $12.00 per share. The transaction is expected to generate approximately $38.4 million in net proceeds after estimated expenses, with closing anticipated on or about September 24, 2026. Proceeds will fund Greenland mining operations, general corporate uses, and working capital. Additionally, the company amended private warrants issued in March 2026 to adjust their post-reverse split exercise price to $5.00 per share. The company operates in the mining industry, specifically focused on mineral exploration and development.
