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Greenland Mines Ltd. 424B Filings

GRML NASDAQ

Every 424B that Greenland Mines Ltd. (GRML) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow GRML and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GRML filings page.

Rhea-AI Summary

Greenland Mines Ltd (GRML) is conducting a best-efforts primary offering of up to 4,000,000 shares of common stock and/or Pre-Funded Warrants at a public offering price of $5.00 per share and $4.9999 per Pre-Funded Warrant, for maximum gross proceeds of $20 million and estimated net proceeds of $18.6 million before expenses if fully sold. The company intends to use up to $18 million of the net proceeds, together with existing cash, to complete the acquisition of mineral rights for the Sarfartoq project under its merger agreement with Neo North Star Resources, with any remainder for working capital.

Each Pre-Funded Warrant is exercisable immediately for one share at an exercise price of $0.0001, does not expire, and includes a beneficial ownership cap of 4.99% (or 9.99% at the holder’s election). There is no minimum offering amount or escrow, so fewer than all securities may be sold and proceeds will be available for immediate use. Following the offering, assuming all Pre-Funded Warrants are exercised, common shares outstanding would be 7,177,013, up from 3,177,013 as of June 30, 2026. Effective August 24, 2026, the company implemented a 1-for-50 reverse stock split, and it also has a separate $50 million ATM program in place.

Rhea-AI Summary

Greenland Mines Ltd (GRML) is conducting a primary best‑efforts offering of common stock and/or non‑expiring Pre‑Funded Warrants, with A.G.P./Alliance Global Partners acting as sole placement agent and no minimum amount required to close. The warrants are priced just below the share price and carry a de minimis $0.0001 exercise price, with 4.99% or 9.99% beneficial ownership caps.

The company intends to use net proceeds, together with existing cash, to fund up to $20 million of the cash portion of its $35 million acquisition of Neo North Star Resources’ Sarfartoq mineral rights and for working capital. GRML recently completed a 1‑for‑50 reverse stock split and has an at‑the‑market program of up to $50 million. As of August 24, 2026, it had 3,177,013 common shares outstanding, plus significant warrants, options and convertible preferred shares that could add substantial future dilution, and it remains subject to Nasdaq minimum bid‑price compliance risk.

Rhea-AI Summary

Greenland Mines Ltd (GRML) has launched an “at the market” equity program to sell up to $50,000,000 of common stock through A.G.P./Alliance Global Partners as sales agent or principal under an effective shelf registration.

Shares of GRML last traded at $10.14 on Nasdaq on August 21, 2026. The company has 3,177,013 shares outstanding as of August 14, 2026 and projects up to 8,107,979 shares outstanding if the full program is sold at $10.14, which would be dilutive to new investors as detailed in the dilution analysis.

Greenland Mines operates a dual business: an 80% interest in the Skaergaard mining project in Greenland with 11.4 Moz PdEq Indicated and 14.1 Moz PdEq Inferred resources, and a biotech division developing α-Klotho-based gene therapies. It has also agreed to acquire Neo North Star Resources for $35,000,000, consisting of $20,000,000 in cash and $15,000,000 in stock, subject to regulatory approvals. Net proceeds from the ATM are intended for working capital and general corporate purposes.

Rhea-AI Summary

Greenland Mines Ltd registers up to 15,000,000 shares of Common Stock for resale by selling shareholders under a shelf prospectus supplement dated June 22, 2026. The prospectus states the company will not receive proceeds from sales by the selling shareholders and will pay certain offering expenses.

The registration covers shares sold in a private placement that closed on June 18, 2026. The prospectus lists selling stockholders and describes permitted sale methods, including block trades, broker-dealer transactions, short sales (with the effectiveness qualifier), hedging and pledge-related resales. The last reported sale price was $0.31 per share on June 15, 2026.