Greenland Mines ends $50M share offering Sept. 23

No further common shares will be sold under the ATM supplement after September 23, 2026; new sales require a new prospectus supplement and the Sales Agreement remaining in force.

Rhea-AI Filing Summary

Greenland Mines Ltd (GRML) suspended its Sales Agreement and terminated its continuous offering of up to $50,000,000 in common shares, effective September 23, 2026. No further shares will be sold under the ATM prospectus supplement after that date. Sales under the agreement may occur again only if a new prospectus supplement is filed and the agreement remains in full force and effect.

As of September 23, 2026, $1,388,827.04 of common shares had been sold under the Sales Agreement. The last reported sale price was $14.15 per share on September 22, 2026.

Key Figures

ATM offering ceiling: Up to $50,000,000 Dollar amount of common shares sold: $1,388,827.04 Last reported sale price: $14.15 per common share +1 more

4 metrics

ATM offering ceiling Up to $50,000,000 Common shares; offering terminated effective September 23, 2026

Dollar amount of common shares sold $1,388,827.04 Under the Sales Agreement as of September 23, 2026

Last reported sale price $14.15 per common share September 22, 2026

Common share par value $0.0001 per share Common shares offered under the ATM prospectus supplement

Key Terms

continuous offering, Sales Agreement, prospectus supplement

3 terms

continuous offering regulatory

"terminate the continuous offering by us under the ATM Prospectus Supplement"

Sales Agreement regulatory

"pursuant to the terms of the sales agreement originally dated August 24, 2026"

A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.

prospectus supplement regulatory

"a new prospectus supplement is filed with the Securities and Exchange Commission"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Offering Details

ATM

Offering

Offering Type ATM

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What changed in Greenland Mines Ltd's (GRML) ATM offering?

The company suspended the Sales Agreement and terminated the continuous offering of up to $50,000,000 in common shares, effective September 23, 2026.

How much had GRML sold under the Sales Agreement?

$1,388,827.04 of common shares had been sold under the Sales Agreement as of September 23, 2026.

Can GRML sell more shares under the ATM supplement?

No further shares will be sold under the ATM supplement after September 23, 2026. Sales may occur only after a new prospectus supplement is filed and while the Sales Agreement remains in full force and effect.

What was GRML's last reported share price?

The last reported sale price was $14.15 per common share on September 22, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/23/2026 - 09:28 AM Accepted by SEC EDGAR 09/23/2026 - 09:28 AM Learn about SEC filing dates

Prospectus Supplement to the Prospectus
Supplement dated August 24, 2026 and Prospectus dated July 28, 2025 Filed pursuant to Rule 424(b)(5) Registration No. 333-288533  

GREENLAND MINES LTD

This prospectus supplement amends and supplements, only to the extent indicated herein, certain information contained in the prospectus dated July 28, 2025 (the “Base Prospectus”), as supplemented by the prospectus supplement dated August 24, 2026 (the “ATM Prospectus Supplement”) which, together with the Base Prospectus, is referred to here as the “Prospectus”), relating to the offering, issuance and sale of up to $50,000,000 of our common shares, par value of $0.0001 per share from time to time through our sales agent, A.G.P./Alliance Global Partners (“A.G.P.” or the “Sales Agent”), pursuant to the terms of the sales agreement originally dated August 24, 2026 (the “Sales Agreement”) between us and the Sales Agent.

Our common shares are listed on Nasdaq under the symbol “GRML.” On September 22, 2026, the last reported sale price of our common shares was $14.15 per common share. As of the date of this prospectus supplement, $1,388,827.04 of our common shares have been sold pursuant to or under the Sales Agreement.

The purpose of this prospectus supplement is to suspend the Sales Agreement and to terminate the continuous offering by us under the ATM Prospectus Supplement, effective as of the date hereof. No further shares will be sold pursuant to the ATM Prospectus Supplement following the date of this prospectus supplement. We will not make any sales of our common shares pursuant to the Sales Agreement unless and until a new prospectus supplement is filed with the Securities and Exchange Commission and the Sales Agreement remains in full force and effect.

This prospectus supplement should be read in conjunction with, is not complete without, and may not be delivered or utilized except in connection with, the Prospectus, including all supplements thereto and documents incorporated by reference therein. If there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement. Any information that is modified or superseded in the Prospectus shall not be deemed to constitute a part of the Prospectus, except as modified or superseded by this prospectus supplement.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is September 23, 2026.