Greenland Mines completes acquisition, launches as mineral resource company with $68B in-situ resource value

Greenland Mines Ltd

Acquisition of Greenland Mines closed March 4, 2026; consideration is convertible preferred equity subject to shareholder approval.
Company name changed to Greenland Mines Ltd, ticker to GRML, effective March 12, 2026, with two divisions: Natural Resources and Cell and Gene Therapy.
Skaergaard Project in Southeast Greenland holds 23.5 Moz AuEq indicated+inferred; in-situ value ~$68B at Feb 2026 metal prices.
Greenland Mines owns 80% of Skaergaard; new drilling program aims to double resource to ~50 Moz contained ounces of Au, Pd, and Pt.
Project benefits from Tier 1 jurisdiction, no third-party royalties, and proximity to Europe and North America.

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