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Greenland Mines Ltd (Nasdaq: GRML) rebrands and outlines dual divisions

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(Very High)
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Form Type
8-K

Rhea-AI Filing Summary

Greenland Mines Ltd, formerly Klotho Neurosciences, Inc., has changed its corporate name and will trade on Nasdaq under the new ticker GRML, replacing KLTO. The name change became effective on March 11, 2026, with trading under GRML starting March 12, 2026.

The company now highlights two operating divisions: a Natural Resources unit focused on the Skaergaard Project in Southeast Greenland and a Cell and Gene Therapy unit that includes the KLTO-202 program for ALS. Through a recent acquisition of Greenland Mines Corp., it holds an 80% interest and an option to acquire the remaining 20% of Skaergaard, which has a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with an illustrative gross in-situ metal value of about $68 billion based on February 2026 metal prices. The company stresses that these are Mineral Resources rather than reserves and that no economic study has yet demonstrated project viability.

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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): March 11, 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

 

Klotho Neurosciences, Inc.

(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   KLTO   The Nasdaq Stock Market LLC
Warrants   KLTOW   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 5.03 – Amendments to Articles of Incorporation

 

On March 11, 2026, the registrant, then known as Klotho Neurosciences, Inc. (the “Company”) filed a Certificate of Ownership and Merger with the Secretary of State of the State of Delaware to merge the Company’s newly formed GML Subsidiary Corp. into the Company, with the Company being the surviving entity and effectuating, pursuant to Section 253(b) of the Delaware General Corporation Law, a change in the Company’s name from Klotho Neurosciences, Inc. to Greenland Mines Ltd. The name change became effective at 5:00 PM on March 11, 2026.

 

A copy of the Certificate of Ownership and Merger is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 7.01 – Regulation FD Disclosure.

 

On March 12, 2026, the Company issued a press release regarding its name and trading system change. A copy of the press release is attached hereto as Exhibit 99.1.

 

The information contained in this Item 7.01 and Exhibit 99.1, attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended and shall not be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended or the Securities Act of 1933, as amended whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

 

This Form 8-K contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company’s future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company’s inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies of these documents are available on the SEC’s website, www.sec.gov. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

Item 8.01 – Other Events

 

In connection with the Company’s name change, the stock symbol for the Company’s common stock was changed and the Company’s common stock began trading under the symbol “GRML” on the Nasdaq Capital Market at the start of trading on March 12, 2026. The CUSIP number for the Company’s common stock remains unchanged.

 

Item 9.01 – Financial Statements and Exhibits.

 

Exhibits   Description
3.1   Certificate of Ownership and Merger
99.1   March 12, 2026 Press Release
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: March 16, 2026 Greenland Mines Ltd
     
  By: /s/ Joseph Sinkule
  Name:  Joseph Sinkule
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Klotho Neurosciences Completes Rebranding to Greenland Mines Ltd and Change of Nasdaq Ticker Symbol to GRML

 

CHARLOTTE, N.C., March 12, 2026 /PRNewswire/ -- Klotho Neurosciences, Inc. (Nasdaq: KLTO) (“Klotho” or the “Company”) today announces that it changed its corporate name to Greenland Mines Ltd and its stock ticker to “GRML” effective at market open today, Thursday, March 12, 2026. No action will be required by existing shareholders — shares held in brokerage accounts will be automatically updated to reflect the new symbol.

 

The Company will hold an investor webcast on Thursday, March 12, 2026 at 4:15PM ET to discuss the strategic rationale of its recent acquisition and benefits for shareholders.

 

Investor Update Participation Details:

 

Date: Thursday March 12, 2026

Time: 4:15 PM ET

Participant Dial-In: USA/Canada (toll-free) 1-877-270-2148; International 1-412-902-6510. Participants should request to join the Klotho Neurosciences call.

Webcast URL: https://event.choruscall.com/mediaframe/webcast.html?webcastid=q7dUp2aG

 

About Greenland Mines Ltd

 

Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland, one of the largest undeveloped palladium, gold, and platinum deposits in the world; and 2) Cell and Gene Therapy, including Klotho’s KLTO-202 primary indication for ALS. The Company holds, through its recent acquisition of Greenland Mines Corp., an 80% interest in, and option to acquire the remaining 20% of, the Skaergaard Project, which hosts a 2022 NI 43-101 Indicated and Inferred Mineral Resource of 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices. The Company is led by an experienced team of mining, geological, biotech, and capital markets professionals.

 

Forward-Looking Statements

 

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company’s future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company’s inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

The Mineral Resource Estimates referenced in this press release were prepared in accordance with NI 43-101 by SLR Consulting as disclosed in the technical report dated November 22, 2022. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The gross undiscounted in-situ metal values expressed herein are illustrative calculations using February 2026 metal prices and do not account for mining recoveries, metallurgical losses, capital costs, operating costs, royalties, taxes, permitting requirements, or any other technical or economic factors. These values are not indicative of future revenue, project economics or net present value. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project, and there is no certainty that the Mineral Resources disclosed will be converted to Mineral Reserves or that an economically viable mining operation can be established.

 

Investor Contact and Corporate Communications:

contact@greenlandmines.com

 

Website: www.greenlandmines.com

 

FAQ

What corporate change did KLTO announce for Greenland Mines Ltd?

Greenland Mines Ltd changed its corporate name and Nasdaq ticker. The company rebranded from Klotho Neurosciences, Inc. and began trading under the symbol GRML on March 12, 2026, replacing KLTO, without requiring any action from existing shareholders.

What are the main business divisions of Greenland Mines Ltd (KLTO)?

Greenland Mines Ltd now highlights two divisions. The Natural Resources division focuses on the Skaergaard Project in Southeast Greenland, while the Cell and Gene Therapy division includes Klotho’s KLTO-202 program targeting ALS, combining mining and biotech activities under one listed company.

What ownership does Greenland Mines Ltd have in the Skaergaard Project?

The company holds a controlling stake in Skaergaard. Through its recent acquisition of Greenland Mines Corp., it owns an 80% interest in the Skaergaard Project and an option to acquire the remaining 20%, consolidating control over this large palladium and gold asset.

What Mineral Resource estimates were disclosed for the Skaergaard Project?

The Skaergaard Project has substantial reported Mineral Resources. A 2022 NI 43-101 estimate by SLR Consulting lists 25.4 million ounces PdEq and 23.5 million ounces AuEq, with an illustrative gross in-situ metal value of about $68 billion using February 2026 metal prices.

Does the $68 billion figure mean the Skaergaard Project is economically viable?

No, the $68 billion figure is an illustrative in-situ value. It is based on February 2026 metal prices and does not account for recoveries, costs, taxes, or permitting. The company notes Mineral Resources are not reserves and project economic viability has not been demonstrated.

Will Greenland Mines Ltd shareholders need to take action due to the GRML ticker change?

Shareholders do not need to take any action. The company states that shares held in brokerage accounts will be automatically updated to reflect the new Nasdaq ticker symbol GRML following the name and symbol change.

Filing Exhibits & Attachments

6 documents
Klotho Neurosciences, Inc.

NASDAQ:KLTO

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Biotechnology
Biological Products, (no Diagnostic Substances)
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