M&A
confidence high
sentiment neutral
materiality 0.95
Klotho Neurosciences acquires Greenland Mines; 93% dilution to existing holders for Skaergaard project
Greenland Mines Ltd
- Acquisition of Greenland Mines Corp. for convertible preferred stock; on conversion GMC holders get ~93% of fully diluted shares.
- Skaergaard Project hosts 25.4 Moz PdEq and 23.5 Moz AuEq; gross in-situ resource value ~$68B (Feb 2026 prices).
- Transaction expected to be accounted for as a reverse merger; company to rebrand as Greenland Mines, new ticker in late March.
- Klotho will retain cell & gene therapy division (ALS program KLTO-202); Greenland Mines CEO Bo Møller Stensgaard joins management.
- Undeveloped palladium-gold deposit in Greenland; 80% interest owned, option for remaining 20%.