Recent Updates — GLND

Roderick McIllree resigned from the Board of Directors and all other roles at Greenland Energy Company effective October 20, 2026. The company stated the departure was not due to any disagreement regarding operations or policies. Greenland Energy is an exploration-stage oil and gas company focused on hydrocarbon resources in East Greenland's Jameson Land Basin.

Greenland Energy Company entered into a Deed of Variation and Novation with 80 Mile plc, assuming the rights and obligations of its subsidiary March GL under an existing Farm-Out Agreement for oil exploration in the Jameson Land Basin. The amendment extends the longstop date for drilling the first exploration well from December 31, 2026 to December 31, 2028, and the second well from December 31, 2027 to December 31, 2028. Greenland Energy will assume sole responsibility for obtaining necessary permits at its own cost and will pay 80 Mile £500,000 in cash within five business days. This agreement preserves the operational preparation while aligning future activity with regulatory approval timelines. The company operates as an exploration-stage oil and gas firm focused on developing hydrocarbon resources in Greenland.

Greenland Energy Company filed this report to satisfy UK City Code disclosure requirements regarding its potential offer for 80 Mile PLC announced on September 8, 2026. The filing details the company's capital structure as of September 9, 2026, including 43,730,194 shares of common stock and 17,500,000 warrants with a $5 strike price expiring April 29, 2031. Greenland Energy Company is an exploration-stage oil and gas company focused on developing hydrocarbon resources in East Greenland.

On September 8, 2026, Greenland Energy Company announced indicative terms for a proposed all-share merger with UK-listed 80 Mile plc. The transaction values 80 Mile at £61.48 million, offering 0.01108 new Greenland Energy shares for each 80 Mile share, representing premiums of up to 64.18% over recent prices. Greenland Energy holds a 4.42% stake in 80 Mile and intends to issue warrants to existing shareholders upon completion. The deal aims to consolidate ownership of the Jameson Land Basin project and diversify into critical minerals. Greenland Energy operates as an energy exploration company focused on hydrocarbon development in East Greenland.