Recent Updates — GRML
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.
Greenland Mines Ltd. entered into a Sales Agreement with A.G.P./Alliance Global Partners on August 24, 2026, establishing an at-the-market (ATM) equity offering program. Under this agreement, the company may offer and sell shares of its common stock from time to time through the agent, up to an aggregate offering price of $50,000,000. The agent is entitled to a commission of up to 3.0% of the gross sales price and will be reimbursed for reasonable out-of-pocket expenses. Proceeds, if any, are intended for working capital and general corporate purposes. The company has no obligation to sell shares and may suspend or terminate the offering at any time. Greenland Mines Ltd. operates in the mining industry, focusing on mineral exploration and development.
Greenland Mines Ltd. dismissed its independent registered public accounting firm, BCRG Group, following BCRG's attest business being acquired by Simon & Edward LLP (S&E) on June 15, 2026. The Audit Committee approved the appointment of S&E as the new independent auditor on June 23, 2026. Previous audit reports for fiscal years 2024 and 2025 included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern. There were no disagreements with BCRG regarding accounting principles or auditing procedures, though material weaknesses in internal control over financial reporting were previously disclosed. Greenland Mines Ltd. is a mining company.
Greenland Mines Ltd. completed a private placement on June 18, 2026, issuing 15,000,000 shares of common stock to purchasers for approximately $3,750,000 in gross proceeds. The issuance was made under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D. Greenland Mines Ltd. is a mining company operating in the mining industry.
Greenland Mines Ltd. entered into a Share Exchange Agreement with AnorTech Inc. to acquire 19,958,503 common shares of AnorTech, representing approximately 9.9% of AnorTech's outstanding common shares. On June 22, 2026, the Company issued 12,400,000 shares of its own common stock to AnorTech in exchange for the AnorTech shares. The Company also holds an option to acquire up to 25,168,669 additional AnorTech shares at a price per share of at least CAD$0.30 or the last closing price on the TSXV. Greenland Mines Ltd. operates in the mining industry and focuses on mineral exploration and extraction.