---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-097770"
form_type: "8-K"
ticker: "GRML"
cik: "0001907223"
company_name: "Greenland Mines Ltd"
filed_at: "2026-09-04T21:25:10+00:00"
generated_at: "2026-09-04T21:26:15.161772+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Greenland Mines completes acquisition of NNSR Holdings for $20M cash plus 1.4M shares; Sarfartoq NPV $2.05B

## Summary
- Completed merger with NNSR Holdings, acquiring Sarfartoq mineral project in Greenland; consideration $20M cash (net of expenses) plus 1,040,676 common and 359,324 Series R preferred shares.
- Initial Assessment shows pre-tax NPV ~$2.05B and IRR 118.6% (high case) based on ST1 deposit, <1% of 191 sq km license.
- Stockholders approved issuance of up to 40.8M shares on Series C conversion and 691,039 on warrants; also approved 400,000 share increase in 2024 Equity Incentive Plan.
- Series C preferred conversion restricted until Jan 8, 2027 or 5 consecutive days with Nasdaq close ≥$15.00.
- AnorTech receives $1M cash and 70,000 consideration shares as 5% of purchase price under License Purchase Agreement.

## SEC filing metadata
- accession: 0001213900-26-097770
- form_type: 8-K
- ticker: GRML
- cik: 0001907223
- company_name: Greenland Mines Ltd
- filed_at: 2026-09-04T21:25:10+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907223/000121390026097770/0001213900-26-097770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907223/000121390026097770/ea0304732-8k_greenland.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-097770
- JSON: https://secwatch.observer/filing/0001213900-26-097770.json
- Plain text: https://secwatch.observer/filing/0001213900-26-097770.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.