Greenland Mines Ltd (GRML): Submission of Matters to a Vote of Security Holders

Greenland Mines Ltd (GRML) shares dropped 26.2% after announcing a public stock offering to fund acquisitions and corporate purposes. A.G.P./Alliance Global Partners is the placement agent. The offering's size, terms, and timing are uncertain. GRML operates in mining and biotech sectors.

Greenland Mines Ltd. (GRML) shares rose 23.03% to $10.48 after releasing an independent assessment of its Sarfartoq rare earth project. The assessment estimates a pre-tax NPV of up to $2.05B and an IRR of 118.6%. The project could supply 34% of refined NdPr oxide outside China annually for nine years, according to the company.

Greenland Mines (GRML) valued its Sarfartoq rare earth project at up to $2.05B pre-tax NPV in a high-case scenario, with a 118.6% IRR and a 9-year mine life. The assessment includes Indicated and Inferred Mineral Resources, with production potentially meeting 34% of non-Chinese NdPr oxide demand in 2025.

Greenland Mines Ltd (GRML) released an Initial Assessment for its Sarfartoq Nd-Pr Rare Earth Project, valued at up to US$2.05 billion with a pre-tax IRR of 118.6%. The project could supply 34% of NdPr oxide refined outside China annually. Neo Performance Materials Inc. (NEO) may become a strategic shareholder with offtake rights. The assessment covers only a small portion of the license area, indicating significant exploration potential.

Greenland Mines Ltd (GRML) announced a landmark S-K 1300 Technical Report for its Sarfartoq Nd-Pr Rare Earths Project in Greenland, prepared by Tetra Tech and GeoSim. The report includes an Indicated Mineral Resource category and a combined open pit/underground resource estimate, marking a first for the project. The resource contains approximately 40,700 tons of neodymium and praseodymium oxide, equivalent to about five years of non-Chinese refined supply in 2025. The company believes Sarfartoq

Greenland Mines (GRML) received a mineral exploration license for the Sarfartoq project from the Government of Greenland, meeting a key condition for its $35M acquisition from Neo Performance Materials. The stock rose 22%. The project has a historic resource estimate of 27M kg of Nd oxides and 8M kg of Pr oxides.