Greenland Mines Ltd. reports developments tied to the Skaergaard Project in East Greenland and to its current two-division structure. Company news commonly covers mineral resource sensitivity work, geological consulting, metallurgical and processing programs, environmental baseline work, Arctic logistics, and Greenland stakeholder engagement.
News also includes corporate updates for Greenland Mines and its subsidiary Major Precious Greenland A/S, including participation in raw-materials and Greenlandic business organizations. The company's disclosures continue to reference its Cell and Gene Therapy division, including Klotho-related programs and KLTO-202 in ALS.
Greenland Mines (GRML) has begun trading its common stock on Xetra, Deutsche Börse's electronic trading system in Germany. Nasdaq remains its principal trading market; the additional venue is not a new primary listing and does not change its status as an SEC-reporting U.S. issuer.
Xetra offers euro-denominated trading during European market hours, with access through participants in Europe, Hong Kong and the United Arab Emirates. The shares were already available through other German venues, including Tradegate, Frankfurt, Munich and Gettex. MWB Fairtrade has begun supporting Xetra trading as designated sponsor, with the objective of increasing liquidity and turnover. Greenland Mines expects the additional access to broaden its shareholder base and improve liquidity and price discovery.
Greenland Mines (GRML) welcomed President Trump’s focus on expanded Greenland mineral exploration and highlighted its two projects as potential contributors.
The company believes Greenlandic resources could support U.S. and allied mineral supply chains. It is advancing Sarfartoq’s neodymium-praseodymium rare earth resources and Skaergaard’s palladium, platinum and gold resources. Sarfartoq’s previously disclosed Initial Assessment estimates a high-case, pre-tax net present value of approximately US$2.05 billion, using an 8% discount rate to value future cash flows. A completed Skaergaard field campaign included 4,480 metres of diamond drilling, supporting further metallurgical evaluation, engineering and project assessment. Potential critical-mineral by-products at Skaergaard require further evaluation.
Greenland Mines (GRML) welcomed the European Commission’s selection of Neo Performance Materials’ Silmet 2.0 development plan as an EU Strategic Project. The selection was announced on October 9, 2026, under the Critical Raw Materials Act. Silmet 2.0 aims to adapt Neo’s rare earth separation facility in Estonia for new raw-material sources.
Neo is a strategic shareholder in Greenland Mines and retains offtake rights to purchase up to 60% of future Sarfartoq ore or mineral concentrate production. Greenland Mines sees Sarfartoq as a potential source of feedstock for European separation capacity and plans to advance the technical, environmental, regulatory and commercial work needed for its development.
Greenland Mines (GRML) announced that President Dr. Bo Møller Stensgaard has been invited to an Arctic mining roundtable in Reykjavík, Iceland. The closed roundtable is part of the 2026 Arctic Circle Assembly, held October 8–10, and will address development, infrastructure, permitting and critical minerals.
Sarfartoq’s 2026 Initial Assessment reports a high-case pre-tax net present value of approximately $2.05 billion at an 8% discount rate. Greenland Mines acquired Sarfartoq on September 1, 2026, and completed exploration and environmental work during the 2026 season. At Skaergaard, a completed field campaign included 4,480 meters of diamond drilling and more than 105 tons of bulk material. Its resource estimate contains 15.00 million ounces of palladium equivalent in indicated resources and 17.49 million ounces in inferred resources. No production decision has been made for either project.
Greenland Mines (GRML) authorized a $20 million share repurchase program as part of its updated capital allocation strategy for project development.
The authorization follows more than $59 million in recently raised capital. The company believes it can fund planned work at Sarfartoq and Skaergaard through targeted 2027 milestones while retaining flexibility to repurchase shares. Priorities include drilling, technical studies, metallurgy, environmental programs and permitting, alongside evaluating investments and partnerships. Repurchases may occur through open-market transactions or other permissible methods; timing and amounts depend on market conditions, share price, liquidity requirements and project funding needs. The authorization does not require any purchases.
Greenland Mines (GRML) has exercised its option to acquire additional AnorTech shares, targeting a 19.9% stake upon completion. The transaction covers 25,168,669 AnorTech common shares at a deemed C$0.30 each, for approximately US$5,298,000 (C$7,550,000). Payment will be in newly issued Greenland Mines shares, with the number determined by their 10-day volume-weighted average Nasdaq trading price at closing. Greenland Mines will then hold 45,127,172 AnorTech shares. Completion remains subject to TSX Venture Exchange acceptance and customary closing conditions.
Greenland Mines sees AnorTech's Greenland anorthosite project as potential feedstock for U.S. alumina refining and a platform for lunar-materials research. AnorTech's alumina process has been demonstrated at laboratory scale; a planned pilot program will produce samples for engineering tests and customer evaluation. Lunar deployment would require further testing under lunar conditions.
Greenland Mines (GRML) completed its 2026 Skaergaard field program, collecting material and data for processing studies and mine planning. The campaign delivered 4,480 meters of drilling across 17 completed holes and more than 105 tons of bulk material, compared with two approximately 800-kilogram historical samples.
The company plans to advance processing development and an Initial Assessment, an early economic study. Geotechnical, terrain, geophysical and first-year environmental baseline work were completed. The July 2026 resource estimate contains 15.00 million ounces of palladium equivalent in Indicated resources and 17.49 million ounces in Inferred resources. Potential gallium, vanadium, titanium and iron co-products remain under evaluation; no recovery, payable product or economic value has been established.
Greenland Mines (GRML) raised over $17 million from existing shareholders in a registered direct common-stock offering at $13.00 per share. The offering brought capital raised over the past week to more than $59 million.
The company said the financing provides capital for planned exploration and development programs and its 2027 milestones in Greenland. The offering substantially used the remaining capacity under its existing shelf registration statement, following termination of its at-the-market offering program. Blair Jordan and Peter Love joined the board of directors.
Greenland Mines (GRML) began trading its common shares on the Frankfurt Stock Exchange under HK6 on September 25, 2026.
The Frankfurt listing gives European investors another venue to trade the shares alongside the company's principal Nasdaq listing. No new shares are being issued in connection with it. Greenland Mines is advancing Sarfartoq, a rare-earth project in southwest Greenland focused on neodymium and praseodymium, and Skaergaard, a gold, palladium, platinum and critical-metals project in east Greenland. The company views the listing as part of its North Atlantic Critical Metals Corridor strategy, intended to connect Greenland resources with capital, processing pathways and industrial demand across North America and Europe.
SRX Global (SRXH) added an investment in Onconetix (ONCO) and updated shareholders on the liquidation of two portfolio holdings.
The holdings are Vistagen Therapeutics (VTGN) and Greenland Mines (GRML). SRX said it added Onconetix in anticipation of the closing of Onconetix's previously announced agreement to acquire Realbotix. Realbotix developed Vinci, an AI vision system that places cameras and tracking lenses inside robotic eyes. The system is described as detecting motion, recognizing returning users and identifying objects or colors.