Greenland Mines Ltd (GRML) former director El-Dada Riad Hussein reported a direct sale of 3,500 common shares at $9.3506 per share on October 1, 2026, described as a sale in the open market or a private transaction. His reported holdings after the sale were 0 shares.
Greenland Mines Ltd (GRML) reported that board member Jon McGarity resigned on September 28, 2026; the company said the resignation was not related to a disagreement over its operations, policies or practices. On the same date, the board appointed Peter Love and Blair Jordan as directors to fill vacancies, effective immediately.
Love has more than 18 years of experience in mineral exploration and corporate finance for the natural resources industry and is Executive Chairman and co-founder of Torino Metals. Jordan is CEO and a director of Tungsten Reserve Corp., and an independent director and Audit Committee chair of Standard Uranium. Neither new director had a board committee assignment at the time of appointment. They will serve until the next annual meeting and until successors are duly elected and qualified, unless they resign or are removed earlier.
Greenland Mines Ltd (GRML) lists a proposed sale by Director Riad El-Dada of 3,500 common shares, with an approximate market value of $31,885, through Goldman Sachs & Co. LLC on October 1, 2026. The notice identifies the shares as acquired from the issuer on March 4, 2026, as compensation in the form of restricted stock units.
Greenland Mines Ltd. (GRML) agreed to sell and issue 1,320,000 shares of common stock in a direct registered offering. Net proceeds are expected to be approximately $17.2 million after estimated offering expenses payable by the company. The offering is expected to close on or about September 29, 2026, subject to customary closing conditions. The company intends to use the net proceeds, together with existing cash and cash equivalents, for its Greenland mining operations, general corporate uses and other working capital purposes.
The shares are being offered under the company’s effective Form S-3 registration statement and a prospectus supplement. Separately, Greenland Mines terminated, as of right, its August 24, 2026 Sales Agreement with A.G.P./Alliance Global Partners on September 23, 2026. The agreement covered an at-the-market program of up to $50,000,000; $1,388,827.04 of common shares were sold under it, and the company stated it has no further obligations or liability under the agreement.
Greenland Mines Ltd. is offering 1,765,420 common shares and pre-funded warrants to purchase up to 1,434,580 common shares, with warrants available to certain investors in lieu of common shares. Common shares are priced at $12.00 each. The pre-funded warrants are immediately exercisable, do not expire and have a 4.99% beneficial-ownership limit, or 9.99% at the purchaser’s election. The limit may be changed to another percentage not above 9.99% on at least 61 days’ prior notice. The warrants have no established trading market, and Greenland Mines does not intend to list them.
The best-efforts offering has no minimum closing amount and may be terminated by Greenland Mines at any time; otherwise, it ends September 25, 2026, unless completed sooner. The company intends to use up to $40 million of net proceeds for Greenland mining development, with the balance for general corporate and working capital purposes. A one-for-fifty reverse stock split became effective August 24, 2026, and the supplement’s share figures reflect the adjustment. Greenland Mines also acquired the Sarfartoq rare-earth project from Neo North Star Resources, Inc. on September 1, 2026, in exchange for $15 million, 1,040,676 newly issued common shares and 359,324 newly issued Series R preferred shares.
On September 23, 2026, Greenland Mines Ltd. agreed to sell 1,765,420 common shares and pre-funded warrants exercisable for up to 1,434,580 common shares at $12.00 per share or warrant in a direct registered offering. The company expects approximately $38.4 million in net proceeds after estimated offering expenses payable by the company. The offering is expected to close on or about September 24, 2026, subject to customary closing conditions.
Greenland Mines currently intends to use the net proceeds, together with existing cash and cash equivalents, for its Greenland mining operations, general corporate uses and working capital. Each pre-funded warrant is exercisable for one common share at $0.0001 and expires when exercised in full; the beneficial-ownership limit is 4.99%, adjustable by the holder up to 9.99%. Separately, on September 21, 2026, the company amended its private warrants to change their post-reverse-split exercise price to $5.00 per share.
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.
Greenland Mines Ltd. (GRML) reported Board changes effective September 8, 2026. Directors Shalom Hirschman and Riad El-Dada resigned from the Board; the company states neither resignation resulted from any disagreement regarding operations, policies or practices. The Board appointed Jason Hawkins to fill a vacancy, to serve until the next annual stockholders’ meeting and until a successor is elected and qualified. Hawkins has not yet been named to any Board committees, has no disclosed family relationships or related-party transactions with the company, and has no appointment agreement. He brings over 25 years of capital markets experience and is Chairman and CEO of Intrusion Precious Metals Corp., described as the predecessor and a significant minority shareholder of Greenland Mines.
Greenland Mines Ltd (GRML) completed the acquisition of NNSR Holdings Inc. on September 1, 2026, indirectly obtaining the mineral license for the Sarfartoq rare earth project in Greenland. As consideration, the company issued 1,040,676 new common shares and 359,324 shares of a newly created Series R Preferred Stock in a private, unregistered transaction.
An independent Initial Assessment for Sarfartoq’s ST1 deposit estimates a pre-tax NPV of about $2.05 billion and pre-tax IRR of 118.6%, with most of the 191-square-kilometer license area remaining largely untested. The Series R Preferred Stock is non-voting and non-convertible until stockholder approval, after which it is convertible 1:1 into common shares. The board also amended the existing Series C Preferred Stock to limit conversions until the earlier of January 8, 2027 or a sustained $15.00 Nasdaq closing price, and stockholders approved share issuances under Nasdaq Listing Rule 5635 and an increase of the 2024 Equity Incentive Plan reserve to 400,000 shares.
Greenland Mines Ltd (GRML) has a new significant shareholder group led by Davidson Kempner Capital Management LP, which reports beneficial ownership of 400,410 shares of common stock of Greenland Mines Ltd. This represents 8.32% of the outstanding common stock.
The shares are held through M.H. Davidson & Co. and Davidson Kempner Arbitrage, Equities and Relative Value LP, with all 400,410 shares subject to shared voting and shared dispositive power. The ownership percentage is based on 4,809,796 shares outstanding as reported in a prospectus filed on August 27, 2026, after giving effect to a related offering.