Greenland Mines enters agreement to acquire Neo North Star for $35M in cash and stock

Greenland Mines Ltd

Total consideration of $35M: $20M cash and $15M in newly issued GRML shares valued at 20-day VWAP.
Neo North Star holds mineral rights in Greenland; closing subject to Greenland government approval under Mineral Activities Act.
AnorTech Inc. receives 5% of Purchase Price ($1M cash + $750k stock) per License Purchase Agreement.
Shenandoah Partners holds warrant for up to 106,122 Neo shares; must exercise before closing or warrant terminates.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenland Mines Ltd entered into Agreement and Plan of Merger with Neo North Star Resources, Inc, a Delaware corporation ("Neo North Star") and the stockholders of Neo North Star valued at $35,000,000 payable in the form of $20,000,000 in cash and $15,000,000 in newly issued shares (effective 2026-05-20).

Action: entry
Agreement: merger
Counterparty: Neo North Star Resources, Inc, a Delaware corporation ("Neo North Star") and the stockholders of Neo North Star
Value: $35,000,000 payable in the form of $20,000,000 in cash and $15,000,000 in newly issued shares
Effective: 2026-05-20

Exact text from the filing

On May 20, 2026, Greenland Mines Ltd (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Neo North Star Resources, Inc, a Delaware corporation (“Neo North Star”) and the stockholders of Neo North Star.

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Greenland Mines Ltd filing history →

Source: SEC EDGAR

accession 0001213900-26-059864

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