Greenland Mines buys C$7.55M in AnorTech shares

Available on EDGAR 11/12/2026 - 04:46 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:45 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Greenland Mines Ltd (GRML) entered an agreement with Battery Mineral Resources Corp. to purchase 7,000,000 BMR common shares at C$0.20 per share. Closing is subject to approval by the TSX Venture Exchange. If closing has not occurred within 60 days, GRML may terminate the agreement and recover the amount tendered without interest.

On November 6, 2026, GRML purchased 25,168,669 AnorTech common shares for C$7,550,601 under an option in its Share Exchange Agreement with AnorTech Inc. GRML paid by issuing AnorTech 1,133,268 newly issued GRML common shares.

8-K Event Classification

4 items: 1.01, 3.02, 8.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

BMR common shares to be purchased: 7,000,000 shares BMR purchase price per share: C$0.20 per share AnorTech common shares purchased: 25,168,669 shares +3 more

6 metrics

BMR common shares to be purchased 7,000,000 shares Subscription Agreement with Battery Mineral Resources Corp.

BMR purchase price per share C$0.20 per share Subscription Agreement with Battery Mineral Resources Corp.

AnorTech common shares purchased 25,168,669 shares Purchased under the Option on November 6, 2026.

AnorTech purchase price C$7,550,601 Paid with newly issued GRML common shares.

GRML common shares issued to AnorTech 1,133,268 shares Issued as payment for the AnorTech shares on November 6, 2026.

BMR agreement termination period 60 days GRML may terminate and recover the amount tendered without interest if closing has not occurred within this period.

Key Terms

Subscription Agreement, Share Exchange Agreement, Section 4(a)(2), Rule 506 of Regulation D, +1 more

5 terms

Subscription Agreement financial

"entered into a Subscription Agreement with Battery Mineral Resources Corp."

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

Share Exchange Agreement financial

"Share Exchange Agreement dated June 15, 2026"

A share exchange agreement is a legal deal where shareholders trade their shares in one company for shares in another, commonly used in mergers, acquisitions or corporate reorganizations. Think of it like swapping ownership cards in a game: the swap can change who controls the business, how many shares each person owns, and the value and liquidity of those holdings, so investors need to understand the exchange ratio, potential dilution and long-term impact on value and voting power.

Section 4(a)(2) regulatory

"exemption from registration provided by Section 4(a)(2)"

Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.

Rule 506 of Regulation D regulatory

"Rule 506 of Regulation D promulgated thereunder"

Rule 506 of Regulation D is a U.S. Securities and Exchange Commission exemption that lets companies sell securities privately without registering them with the SEC, similar to a private party invitation rather than a public auction. It matters to investors because it determines how much information they’ll receive, who can buy (accredited vs. non-accredited), whether public advertising is allowed, and how easily the investment can be resold — all factors that affect risk, transparency and liquidity.

general solicitation regulatory

"shares were issued without general solicitation or advertising"

FAQ

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

What did GRML agree to buy from Battery Mineral Resources?

GRML agreed to purchase 7,000,000 BMR common shares at C$0.20 per share. Closing is subject to TSX Venture Exchange approval. If closing has not occurred within 60 days, GRML may terminate the agreement and recover the amount tendered without interest.

How did GRML pay for the AnorTech shares?

GRML paid the C$7,550,601 purchase price for 25,168,669 AnorTech common shares by issuing AnorTech 1,133,268 newly issued GRML common shares. The shares were issued in reliance on the exemption from registration under Section 4(a)(2) and/or Rule 506 of Regulation D, without general solicitation or advertising.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 6, 2026

Greenland Mines Ltd.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-41340		86-2727441
(Commission File Number)		(IRS Employer Identification No.)

1300 South Boulevard, Suite D

Charlotte, NC 28203

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (833) 931-6330

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock		GRML		The Nasdaq Stock Market LLC
Warrants		GRMLW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement  

On November 6, 2026, Greenland Mines Ltd (the “Company”) entered into a Subscription Agreement with Battery Mineral Resources Corp. (“BMR”) to purchase 7,000,000 shares of BMR common stock at C$0.20 per share, and tendered the aggregate purchase price of C$1,400,00.

The Subscription Agreement contains customary representations, warranties and agreements by the parties and closing is subject to approval by the TSX Venture Exchange. If closing has not occurred within 60 days, the Company may terminate the Subscription Agreement and recover the amount tendered without interest.

The foregoing description of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Subscription Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K filed and is incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities

The disclosure set forth in Item 8.01 of this Current Report on Form 8-K is incorporated herein by reference. On November 6, 2026, the Company issued 1,133,268 shares of its common stock to AnorTech pursuant to the Option. The shares were issued in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D promulgated thereunder. The shares were issued without general solicitation or advertising.

Item 8.01 Other Events

On November 6, 2026, the Company purchased, pursuant to an option (the “Option”) contained in the Share Exchange Agreement dated June 15, 2026 between the Company and AnorTech Inc.(“AnorTech”), a total of 25,168,669 shares of AnorTech common stock for a total purchase price C$7,550,601. The Company paid the purchase price by issuing to AnorTech a total of 1,133,268 newly issued shares of the Company’s common stock.

A copy of the June 15, 2026 Share Exchange Agreement can be found in the Company’s Form 8-K Current Report filed with the Securities and Exchange Commission on June 22, 2026.

Item 9.01 Financial Statements and Exhibits.

Exhibits		Description
10.1		Subscription Agreement
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 12, 2026	GREENLAND MINES LTD.
	By:	/s/ Joseph Sinkule
	Name:	Joseph Sinkule
	Title:	Chief Executive Officer

2

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

• EX-10.1 SUBSCRIPTION AGREEMENT 105.2 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.4 KB
• EX-101 XBRL DEFINITION FILE 25.9 KB
• EX-101 XBRL LABEL FILE 35.6 KB
• EX-101 XBRL PRESENTATION FILE 24.6 KB