{"success":true,"data":{"pressRelease":{"id":"128103","rtpr_id":"nGNX3dsnCQ","ticker":"GRML","exchange":"NASDAQ","all_tickers":["GRML"],"title":"Greenland Mines Announces Pricing of $20 Million Public Offering","author":"Globe Newswire","published_at":"2026-08-26T12:00:01.186Z","article_body":"CHARLOTTE, N.C., Aug. 26, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines\nLtd (Nasdaq: GRML) (\"Greenland Mines\" or the \"Company\"), a Western-aligned\ncritical minerals developer, today announced the pricing of its previously\nannounced public offering with new and existing mining-focused institutional\ninvestors for the purchase and sale of 4,000,000 shares of its common stock\n(or common stock equivalents in lieu thereof) in a public offering for\naggregate gross proceeds of approximately $20 million before deducting\nplacement agent fees and other offering expenses. \n  \n\nThe closing of the offering is expected to occur on or about August 27, 2026,\nsubject to the satisfaction of customary closing conditions. The Company\ncurrently intends to use the net proceeds from the offering to fund the\nacquisition of the Sarfartoq Nd-Pr Rare Earth Element Project, working capital\nand other general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the sole placement agent for the\noffering.\n\nThe securities are being offered pursuant to an effective shelf registration\nstatement on Form S-3 (File No. 333-288533), including a base prospectus,\nfiled with the U.S. Securities and Exchange Commission (the “SEC”) on July\n7, 2025, and declared effective by the SEC on July 25, 2025. A preliminary\nprospectus supplement related to the offering has been filed with the SEC and\nis available on the SEC’s website at www.sec.gov. Copies of the final\nprospectus supplement and accompanying base prospectus, when available, may be\nobtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor,\nNew York, NY 10022, or by telephone at (212) 624-2060, or by email at\nprospectus@allianceg.com.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy the securities being offered, nor shall there be any sale\nof these securities in any state or jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such state or jurisdiction.\n\nAbout Greenland Mines Ltd\n\nGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions:\n(1) Mining, focused on the exploration and development of the Skaergaard\nProject in southeast Greenland and, subject to closing of the previously\nannounced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare\nearths project in southwest Greenland; and (2) Biotech, including Klotho's\nKLTO‑202 primary indication for ALS. The Company's strategy is centered on\nbuilding a multi-asset platform with exposure to rare earth magnet materials,\nprecious metals, and select midstream processing opportunities, while\nadvancing its broader North Atlantic Critical Metals Corridor vision linking\nGreenland resources with allied downstream jurisdictions and industrial\ninfrastructure.\n\nForward-Looking Statements\n\nThis press release contains forward looking statements within the meaning of\nthe U.S. Private Securities Litigation Reform Act of 1995. Forward looking\nstatements are often identified by words such as \"believe,\" \"expect,\"\n\"anticipate,\" \"intend,\" \"plan,\" \"potential,\" \"could,\" \"may,\" \"will,\" \"should,\"\n\"estimate\" and similar expressions. These forward-looking statements include,\nbut are not limited to, statements regarding (i) the closing of the previously\nannounced acquisition of NNSR; (ii) the timing and outcome of the Sarfartoq\nexploration license transfer and related governmental approvals; (iii) the\nCompany's plans to advance an updated Initial Assessment for Sarfartoq; (iv)\nthe anticipated benefits of the hybrid mining scenario and the Project's\ndevelopment pathway; and (v) the Company's broader strategy and activities in\nGreenland.\n\nForward-looking statements are predictions, projections and other statements\nabout future events that are based on current expectations and assumptions\nand, as a result, are subject to risks and uncertainties. Many factors could\ncause actual future events to differ materially from the forward-looking\nstatements in this press release, including, but not limited to, risks and\nuncertainties related to: risks associated with market conditions and the\nsatisfaction of customary closing conditions related to the proposed offering\nand uncertainties related to the size, timing, completion, and use of proceeds\nfrom the proposed offering, the Company's ability to successfully complete the\npreviously announced acquisition of Sarfartoq; the timing, outcome and\nrequirements of governmental and regulatory processes in Greenland, including\napproval under Section 69 of the Greenland Mineral Activities Act; the\nCompany's ability to obtain necessary approvals and third-party consents;\nexploration, development and metal price risks; the Company's ability to\nimplement its broader business plans and meet or exceed its financial or\noperational projections; and other risks and uncertainties described in the\ndocuments filed or to be filed by the Company with the U.S. Securities and\nExchange Commission (the \"SEC\") from time to time. Mineral resource estimates\nare not mineral reserves and do not have demonstrated economic viability;\nthere is no guarantee that any part of the mineral resources described in this\nrelease will be converted to mineral reserves.\n\nReaders should carefully consider the foregoing factors and the other risks\nand uncertainties described in the Company's filings with the SEC. All\ninformation provided in this press release is as of the date of this press\nrelease, and the Company undertakes no obligation to update any\nforward-looking statement, except as required under applicable law.\n\nInvestor Contact and Corporate Communications:\n\nir@greenlandmines.com\nWebsite: www.greenlandmines.com\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=Xrw568-JiBnpipXLn9z9QTFY18vQzZrn_gVcQ9nzziVijVUY4LDYz_NRFNYxu93PRZ2nA0ik226mLSucftxOZYahIvKlQjo6gIyiQzdPenR9K0H_nKvzj1ssnPx7m7mINXg66IgDLiOkyl-X5MZIXg==):\n\nIBN\nAustin, Texas\nIBN.Ai\n(https://www.globenewswire.com/Tracker?data=2uF234G8SAp13kouawk4nm5vm2lhqBLN_bitGIWFeRGyuqC2KRGDmyKUOdo0dQtlAyQl3LrsrOESMeiEl61ufRuquGBOmrVR5nhwyQAmzG4zNdEY7AWrw80XxScbEWlwVyDiJR3AF8v_qgYZ8CpP0nBzytVU-RjOhvZBKBtYqYOAty5ECP94HpVKzIg_LvD4tBo--rZnT5tpbh7JDmfRRrBm3RYWwZEzKgKEIUcgYz8=)\n512.354.7000 Office\nEditor@IBN.Ai\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bcdd65c8-9254-4c7c-b328-b32ccacefcbc)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3dsnCQ","title":"Greenland Mines Announces Pricing of $20 Million Public Offering","author":"Globe Newswire","ticker":"GRML","created":"2026-08-26T12:00:01.186Z","tickers":["GRML"],"exchange":"NASDAQ","article_body":"CHARLOTTE, N.C., Aug. 26, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines\nLtd (Nasdaq: GRML) (\"Greenland Mines\" or the \"Company\"), a Western-aligned\ncritical minerals developer, today announced the pricing of its previously\nannounced public offering with new and existing mining-focused institutional\ninvestors for the purchase and sale of 4,000,000 shares of its common stock\n(or common stock equivalents in lieu thereof) in a public offering for\naggregate gross proceeds of approximately $20 million before deducting\nplacement agent fees and other offering expenses. \n  \n\nThe closing of the offering is expected to occur on or about August 27, 2026,\nsubject to the satisfaction of customary closing conditions. The Company\ncurrently intends to use the net proceeds from the offering to fund the\nacquisition of the Sarfartoq Nd-Pr Rare Earth Element Project, working capital\nand other general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the sole placement agent for the\noffering.\n\nThe securities are being offered pursuant to an effective shelf registration\nstatement on Form S-3 (File No. 333-288533), including a base prospectus,\nfiled with the U.S. Securities and Exchange Commission (the “SEC”) on July\n7, 2025, and declared effective by the SEC on July 25, 2025. A preliminary\nprospectus supplement related to the offering has been filed with the SEC and\nis available on the SEC’s website at www.sec.gov. Copies of the final\nprospectus supplement and accompanying base prospectus, when available, may be\nobtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor,\nNew York, NY 10022, or by telephone at (212) 624-2060, or by email at\nprospectus@allianceg.com.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy the securities being offered, nor shall there be any sale\nof these securities in any state or jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such state or jurisdiction.\n\nAbout Greenland Mines Ltd\n\nGreenland Mines Ltd is a Nasdaq-listed company with two operating divisions:\n(1) Mining, focused on the exploration and development of the Skaergaard\nProject in southeast Greenland and, subject to closing of the previously\nannounced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare\nearths project in southwest Greenland; and (2) Biotech, including Klotho's\nKLTO‑202 primary indication for ALS. The Company's strategy is centered on\nbuilding a multi-asset platform with exposure to rare earth magnet materials,\nprecious metals, and select midstream processing opportunities, while\nadvancing its broader North Atlantic Critical Metals Corridor vision linking\nGreenland resources with allied downstream jurisdictions and industrial\ninfrastructure.\n\nForward-Looking Statements\n\nThis press release contains forward looking statements within the meaning of\nthe U.S. Private Securities Litigation Reform Act of 1995. Forward looking\nstatements are often identified by words such as \"believe,\" \"expect,\"\n\"anticipate,\" \"intend,\" \"plan,\" \"potential,\" \"could,\" \"may,\" \"will,\" \"should,\"\n\"estimate\" and similar expressions. These forward-looking statements include,\nbut are not limited to, statements regarding (i) the closing of the previously\nannounced acquisition of NNSR; (ii) the timing and outcome of the Sarfartoq\nexploration license transfer and related governmental approvals; (iii) the\nCompany's plans to advance an updated Initial Assessment for Sarfartoq; (iv)\nthe anticipated benefits of the hybrid mining scenario and the Project's\ndevelopment pathway; and (v) the Company's broader strategy and activities in\nGreenland.\n\nForward-looking statements are predictions, projections and other statements\nabout future events that are based on current expectations and assumptions\nand, as a result, are subject to risks and uncertainties. Many factors could\ncause actual future events to differ materially from the forward-looking\nstatements in this press release, including, but not limited to, risks and\nuncertainties related to: risks associated with market conditions and the\nsatisfaction of customary closing conditions related to the proposed offering\nand uncertainties related to the size, timing, completion, and use of proceeds\nfrom the proposed offering, the Company's ability to successfully complete the\npreviously announced acquisition of Sarfartoq; the timing, outcome and\nrequirements of governmental and regulatory processes in Greenland, including\napproval under Section 69 of the Greenland Mineral Activities Act; the\nCompany's ability to obtain necessary approvals and third-party consents;\nexploration, development and metal price risks; the Company's ability to\nimplement its broader business plans and meet or exceed its financial or\noperational projections; and other risks and uncertainties described in the\ndocuments filed or to be filed by the Company with the U.S. Securities and\nExchange Commission (the \"SEC\") from time to time. Mineral resource estimates\nare not mineral reserves and do not have demonstrated economic viability;\nthere is no guarantee that any part of the mineral resources described in this\nrelease will be converted to mineral reserves.\n\nReaders should carefully consider the foregoing factors and the other risks\nand uncertainties described in the Company's filings with the SEC. All\ninformation provided in this press release is as of the date of this press\nrelease, and the Company undertakes no obligation to update any\nforward-looking statement, except as required under applicable law.\n\nInvestor Contact and Corporate Communications:\n\nir@greenlandmines.com\nWebsite: www.greenlandmines.com\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=Xrw568-JiBnpipXLn9z9QTFY18vQzZrn_gVcQ9nzziVijVUY4LDYz_NRFNYxu93PRZ2nA0ik226mLSucftxOZYahIvKlQjo6gIyiQzdPenR9K0H_nKvzj1ssnPx7m7mINXg66IgDLiOkyl-X5MZIXg==):\n\nIBN\nAustin, Texas\nIBN.Ai\n(https://www.globenewswire.com/Tracker?data=2uF234G8SAp13kouawk4nm5vm2lhqBLN_bitGIWFeRGyuqC2KRGDmyKUOdo0dQtlAyQl3LrsrOESMeiEl61ufRuquGBOmrVR5nhwyQAmzG4zNdEY7AWrw80XxScbEWlwVyDiJR3AF8v_qgYZ8CpP0nBzytVU-RjOhvZBKBtYqYOAty5ECP94HpVKzIg_LvD4tBo--rZnT5tpbh7JDmfRRrBm3RYWwZEzKgKEIUcgYz8=)\n512.354.7000 Office\nEditor@IBN.Ai\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bcdd65c8-9254-4c7c-b328-b32ccacefcbc)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-26T12:00:01.247582194Z","server_sent_at_ms":1787745601247},"received_at":"2026-08-26T12:00:01.297Z","source_url":"https://www.globenewswire.com/news-release/2026/08/26/3351278/0/en/greenland-mines-announces-pricing-of-20-million-public-offering.html"},"analysis":{"id":"117023","press_release_id":"128103","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"offering","narrative":"Greenland Mines priced a public offering of 4 million shares of common stock for aggregate gross proceeds of approximately $20 million.\n\nThe company currently intends to use the net proceeds to fund the acquisition of the Sarfartoq Nd-Pr Rare Earth Element Project, as well as for working capital and general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the sole placement agent, with the closing expected to occur on or about August 27, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Standard capital raise to fund Sarfartoq acquisition."},"keyFigures":{"dealValueUsd":20000000,"sharesOffered":4000000},"quotedText":"","namedEntities":{"people":[],"products":["Sarfartoq Nd-Pr Rare Earth Element Project","Skaergaard Project","KLTO-202"],"companies":[{"name":"Greenland Mines Ltd","ticker":"GRML"},{"name":"A.G.P./Alliance Global Partners","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$20 million","context":"aggregate gross proceeds"}]},"materialImpact":{"score":2,"reasoning":"Standard public offering of 4 million shares for gross proceeds of $20 million. Proceeds are earmarked for a specific acquisition and working capital; no distress pricing or significant discount indicated."},"tickerRelevance":{"others":[],"primary":"GRML"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"small-cap-equity-offering"}},"event_type":"offering","event_type_secondary":["m_and_a"],"sentiment":"bearish","material_impact_score":2,"narrative":"Greenland Mines priced a public offering of 4 million shares of common stock for aggregate gross proceeds of approximately $20 million.\n\nThe company currently intends to use the net proceeds to fund the acquisition of the Sarfartoq Nd-Pr Rare Earth Element Project, as well as for working capital and general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the sole placement agent, with the closing expected to occur on or about August 27, 2026.","key_figures":{"dealValueUsd":20000000,"sharesOffered":4000000},"named_entities":{"people":[],"products":["Sarfartoq Nd-Pr Rare Earth Element Project","Skaergaard Project","KLTO-202"],"companies":[{"name":"Greenland Mines Ltd","ticker":"GRML"},{"name":"A.G.P./Alliance Global Partners","relationship":"underwriter"}],"dollarAmounts":[{"amount":"$20 million","context":"aggregate gross proceeds"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-26T12:42:37.784Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"small-cap-equity-offering"}},"durationMs":241016,"modelName":"glm-4.7"}}