{"success":true,"data":{"pressRelease":{"id":"160575","rtpr_id":"nGNX1ktf9Z-20261005","ticker":"GRML","exchange":"NASDAQ","all_tickers":["GRML"],"title":"Greenland Mines Doubles AnorTech Stake to 19.9%; Extends Critical-Minerals Platform to Smelter-Grade Alumina, Lunar Construction Materials","author":"Globe Newswire","published_at":"2026-10-05T12:45:00.192Z","article_body":"Second tranche completes the strategic relationship announced on June 16,\n2026, adding exposure to anorthosite — an aluminum-rich rock characteristic\nof the lunar highlands — for sustainable alumina, refractory systems, lunar\nregolith simulants and research into 3D-printed lunar construction materials\n\nCHARLOTTE, N.C., Oct. 05, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines\nLtd\n(https://www.globenewswire.com/Tracker?data=4en3bf-qjpaekJ-ktTAJ7I-55U5YAPEJaz5J3fBxZ2YCKIdixg56bNx2tzQ4-nK4yXEkxmOxdVU38ZYUfEleplHzw676CwEqBSkEMfmOoQU=)\n(“Greenland Mines” or the “Company”) (Nasdaq: GRML; FSE: HK6), a\nGreenland-focused critical-minerals development company, today announced that\nit has exercised in full its option to acquire an additional 9.9% of Anortech.\n\nWhen Greenland Mines made its initial investment in June, the Company\ndescribed AnorTech as a differentiated critical-materials and processing\nplatform: sustainable smelter-grade alumina, high-purity alumina, CO2-free\ncement, and related industrial materials from AnorTech’s 100%-owned Gronne\nBjerg anorthosite project, approximately 80 kilometers from the capital of\nNuuk on open tidewater. Greenland Mines sees Gronne Bjerg as a potential\nsource of feedstock for U.S. smelter-grade and high-purity alumina production\nin a market where net imports met an estimated 71% of U.S. alumina consumption\nin 2025, according to the U.S. Geological Survey. Today’s exercise reflects\na second, and increasingly important, dimension of that platform —\nanorthosite’s potential role in lunar construction research.\n\nAnorthosite — a rock composed predominantly of plagioclase feldspar — is a\nmajor component of the lunar highlands. Terrestrial anorthosite can serve as\nan analogue for aspects of lunar highlands geology and as a component of lunar\nregolith simulants. AnorTech reports that it has supplied its anorthosite to\nspace-sector researchers for use as a lunar simulant.\n\nAnorTech reports that its natural anorthosite shares compositional and\nmineralogical characteristics with lunar highlands materials, supporting the\ndevelopment and testing of technologies on Earth. Over more than a decade, it\nhas advanced anorthosite-based lunar regolith simulants, 3D-printable concrete\nand construction materials, refractory concretes and cements, and both\nsmelter-grade and high-purity alumina production. Its work includes research\ninto potential lunar construction applications; deployment would require\nfurther testing under lunar conditions.\n\nGreenland Mines’ strategy is to build a critical-materials platform spanning\nadvantaged upstream assets in Greenland and U.S. refining and manufacturing\nopportunities, supported by partnerships in allied jurisdictions — the\nCompany’s North Atlantic Critical Metals Corridor. AnorTech extends that\nplatform in two directions:\n\nExposure to proprietary, patent-pending processes to produce sustainable\nsmelter-grade and high-purity alumina from anorthosite without bauxite-residue\ntailings, generating saleable amorphous-silica and calcium silicate\nby-products, together with CO2-free refractory cement, 3D-printable cement and\nalumina-based catalysts. AnorTech has shipped 15 tons of Gronne Bjerg\nanorthosite to Ontario in preparation for pilot-plant testing. AnorTech\nreports that its alumina flowsheet has been demonstrated at laboratory scale,\nwith a planned pilot program intended to produce smelter-grade and high-purity\nalumina samples for engineering tests and customer evaluation.\n\nPotential dual-use applications — including simulants, printable\nconstruction materials, refractories and resource-processing technologies —\nrelevant to research on using the Moon’s own materials for construction and\nreducing the amount of material that must be transported from Earth.\n\nThe characteristics that make Gronne Bjerg attractive as a terrestrial\nindustrial-minerals project — a massive and homogeneous anorthosite body\naveraging 32% aluminum oxide, on deep-water tidewater approximately 80\nkilometers from Nuuk and its international airport, adjacent to significant\nhydroelectric potential — could also support the supply of lunar-analogue\nmaterial for research and testing on Earth. Greenland Mines sees the\nproject’s tidewater location as a potential link between feedstock from a\nfriendly North Atlantic jurisdiction and future U.S. alumina refining, helping\nbring more processing and manufacturing value into the United States.\nGreenland Mines believes the combination of AnorTech’s materials science and\nGreenland’s resource base positions the group to participate in\nspace-materials research, defence, advanced-manufacturing and\nsupply-chain-security themes that are increasingly central to allied\nindustrial policy.\n\nBo Møller Stensgaard, President of Greenland Mines, commented:\n\n“Rebuilding America’s aluminum and advanced-materials industries requires\nsecure feedstock and more refining capacity on U.S. soil. We see the\nopportunity to connect Greenland resources with U.S. production of\nsmelter-grade alumina for American aluminum smelters and high-purity alumina\nfor semiconductor and other advanced-materials supply chains. The objective is\na supply chain from Greenland to the United States that can operate\nindependently of Chinese refining, with more processing, manufacturing and\nvalue creation in America. That is how feedstock from friendly shores could\nsupport greater U.S. industrial self-sufficiency.\n\n“Alongside that U.S. industrial opportunity, AnorTech’s simulants and\nmaterials development support research on lunar surface infrastructure and the\nuse of local resources for construction. Doubling our position gives Greenland\nMines shareholders exposure to this U.S. industrial strategy, alongside\nlonger-term potential in lunar applications.”\n\nJim Cambon, President of AnorTech, commented:\n\n“Greenland Mines’ decision to exercise its option in full is a strong\nendorsement of what we are building at AnorTech. Greenland Mines understands\nthe value we are creating from Greenland anorthosite and its exciting future\nas a key component in the aluminum critical mineral supply chain and as a\nmaterial for research into future lunar construction. We are moving our\nsmelter grade alumina and high purity alumina technologies towards\ncommercialization while continuing our successful test programs on\n3D-printable and refractory cements, which may also inform future lunar\nconstruction applications. We are working with a number of groups in the space\nindustry who are using our anorthosite as a lunar simulant and we expect this\nsector to grow as lunar programs ramp up.  We look forward to maximizing the\nsynergies between our companies and working with Greenland Mines as a\nstrategic shareholder as we advance our lunar materials, smelter grade alumina\nand high purity alumina programs.”\n\nTransaction Terms\n\nThe option to acquire an additional 9.9% of AnorTech was granted under the\nshare exchange agreement between the Company and AnorTech dated June 15, 2026,\nannounced on June 16, 2026, and completed on June 22, 2026, through which\nGreenland Mines acquired its initial 19,958,503 AnorTech shares. On completion\nof the exercise, Greenland Mines will hold 45,127,172 AnorTech shares.\n\nUnder the option granted to Greenland Mines pursuant to the share exchange\nagreement dated June 15, 2026 (the “Option”), the Company has exercised\nthe Option in full to acquire 25,168,669 AnorTech common shares (the “Option\nShares”) at a deemed price of C$0.30 per Option Share, for aggregate\nconsideration of approximately US$5,298,000 (C$7,550,000). The consideration\nis satisfied through the issuance by Greenland Mines to AnorTech of common\nshares of Greenland Mines, with the exact number of shares based on the 10-day\nvolume-weighted average trading price of the Greenland Mines common shares on\nNasdaq at the time of closing.\n\nFollowing the issuance of the Option Shares, Greenland Mines will own\n45,127,172 AnorTech common shares, representing 19.9% of AnorTech’s issued\nand outstanding share capital. The Option Shares are subject to a contractual\nlock-up of 60 months from issuance, consistent with the initial tranche, in\naddition to a four-month Canadian statutory hold period. One-half of the\nGreenland Mines shares issued to AnorTech are subject to a 12-month\ncontractual lock-up and the remaining one-half to a 24-month contractual\nlock-up. AnorTech currently owns 318,000 shares of Greenland Mines from\nprevious transactions. The Greenland Mines shares will be issued in a private\ntransaction exempt from the registration requirements of the U.S. Securities\nAct of 1933, as amended. Completion of the exercise is subject to acceptance\nby the TSX Venture Exchange and customary closing conditions.\n\nAbout Greenland Mines Ltd\n\nGreenland Mines Ltd is a Nasdaq-listed resource development and mining company\nfocused on the development of the Skaergaard Project in southeast Greenland\nand the Sarfartoq neodymium-praseodymium rare earths project in southwest\nGreenland. The Company’s strategy is centered on building a multi-asset\nplatform with exposure to rare earth magnet materials, precious metals and\nselect midstream processing opportunities, while advancing its assets and\nbroader North Atlantic Critical Metals Corridor vision linking Greenland\nresources with allied downstream jurisdictions and industrial infrastructure.\n\nAbout AnorTech Inc.\n\nAnorTech (formerly Hudson Resources Inc.) is pioneering the next generation of\nsustainable materials from anorthosite with over 12 years experience in\ndeveloping anorthosite products and 25 years experience exploring, building\nand operating projects in Greenland. The Company owns 100% of the Gronne Bjerg\nanorthosite project in Greenland — strategically located approximately 80 km\nfrom Nuuk, the capital of Greenland, on open tidewater and adjacent to\nsignificant hydroelectric potential. AnorTech is advancing multiple product\nlines towards commercialization, including zero-waste smelter grade alumina\n(SGA) and high purity alumina (HPA); next generation alumina-based catalysts\nfor CO2 capture; CO2-free refractory cement and advanced 3D-printable cement;\nand research into lunar construction materials using anorthosite-based\nconcrete. Its high-purity alumina development work could support a domestic\nU.S. supply of advanced materials, including synthetic sapphire for\nsemiconductor applications, by combining Greenland feedstock with potential\nU.S. refining and manufacturing. AnorTech filed a U.S. provisional patent in\n2025 to protect its proprietary sustainable SGA and HPA process and has\nshipped 15 tons of Gronne Bjerg anorthosite to Ontario in preparation for\npilot plant testing. AnorTech has over C$3 million in working capital.\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,”\n“may,” “will,” “should,” “estimate,” “objective” and\nsimilar expressions. These forward-looking statements include statements\nregarding the completion of the exercise of the Option and the issuance of the\nOption Shares and the Greenland Mines shares, the receipt of TSX Venture\nExchange acceptance, the strategic benefits of the Company’s investment in\nAnorTech, AnorTech’s proposed Anorthosite Lunar Materials Innovation Program\nand any partnership, funding or agreement in respect of it, the suitability of\nGronne Bjerg anorthosite as a lunar regolith simulant or as feedstock for\nlunar construction materials, refractory systems or alumina, the future\ncommercialization of AnorTech’s technologies, future pilot plant activities,\nfuture demand from space, defence and advanced-manufacturing markets, the\ndevelopment of a North Atlantic Critical Metals Corridor and the Company’s\nbroader strategy.\n\nThese statements are based on current expectations, assumptions and available\ninformation and are subject to a range of risks and uncertainties, including\nregulatory and exchange approvals, technical and commercialization risk, pilot\nscale-up risk, the risk that no agreement in respect of AnorTech’s proposed\nlunar materials program is concluded with any space agency or commercial space\ncompany, the timing and scope of governmental and commercial lunar programs,\nmarket conditions, financing availability, industrial partner engagement,\nlogistics constraints and project execution risk, as well as the exploration,\nresource-estimation, metallurgical, engineering, environmental, social,\npermitting, infrastructure, commodity-price, counterparty and other risks\ndescribed in documents filed or to be filed with the U.S. Securities and\nExchange Commission, any of which could cause actual results to differ\nmaterially from those expressed or implied. Statements in this press release\nregarding AnorTech, its technologies, its Gronne Bjerg project and its\nproposed lunar materials program are based on information provided by or\npublicly disclosed by AnorTech, which Greenland Mines has not independently\nverified. Greenland Mines holds a minority interest in, and does not control,\nAnorTech. No assurance can be given that studies, partnerships, transactions,\ndevelopment decisions or production will occur on the timing contemplated or\nat all.\n\nReaders should carefully consider these factors and the other risks and\nuncertainties described in the Company’s SEC filings. All information in\nthis press release is provided as of its date, and the Company undertakes no\nobligation to update any forward-looking statement except as required by\napplicable 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=kzLs8DL5rf5VDNCnxZFJHEPqvnHctrbQ0TvIZjZdcuZWEWI5vmo4sLBHy8HF1kx1CMqTZcBVj4GB-bjtmPUttlMNfakUzBreSnkmZt0tiPB1H1-XwN36F2ieq3i5hUyPhBdUnRY0hcs_Hi9LfQ4oNw==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai \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":"nGNX1ktf9Z-20261005","title":"Greenland Mines Doubles AnorTech Stake to 19.9%; Extends Critical-Minerals Platform to Smelter-Grade Alumina, Lunar Construction Materials","author":"Globe Newswire","ticker":"GRML","created":"2026-10-05T12:45:00.192Z","tickers":["GRML"],"exchange":"NASDAQ","article_body":"Second tranche completes the strategic relationship announced on June 16,\n2026, adding exposure to anorthosite — an aluminum-rich rock characteristic\nof the lunar highlands — for sustainable alumina, refractory systems, lunar\nregolith simulants and research into 3D-printed lunar construction materials\n\nCHARLOTTE, N.C., Oct. 05, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines\nLtd\n(https://www.globenewswire.com/Tracker?data=4en3bf-qjpaekJ-ktTAJ7I-55U5YAPEJaz5J3fBxZ2YCKIdixg56bNx2tzQ4-nK4yXEkxmOxdVU38ZYUfEleplHzw676CwEqBSkEMfmOoQU=)\n(“Greenland Mines” or the “Company”) (Nasdaq: GRML; FSE: HK6), a\nGreenland-focused critical-minerals development company, today announced that\nit has exercised in full its option to acquire an additional 9.9% of Anortech.\n\nWhen Greenland Mines made its initial investment in June, the Company\ndescribed AnorTech as a differentiated critical-materials and processing\nplatform: sustainable smelter-grade alumina, high-purity alumina, CO2-free\ncement, and related industrial materials from AnorTech’s 100%-owned Gronne\nBjerg anorthosite project, approximately 80 kilometers from the capital of\nNuuk on open tidewater. Greenland Mines sees Gronne Bjerg as a potential\nsource of feedstock for U.S. smelter-grade and high-purity alumina production\nin a market where net imports met an estimated 71% of U.S. alumina consumption\nin 2025, according to the U.S. Geological Survey. Today’s exercise reflects\na second, and increasingly important, dimension of that platform —\nanorthosite’s potential role in lunar construction research.\n\nAnorthosite — a rock composed predominantly of plagioclase feldspar — is a\nmajor component of the lunar highlands. Terrestrial anorthosite can serve as\nan analogue for aspects of lunar highlands geology and as a component of lunar\nregolith simulants. AnorTech reports that it has supplied its anorthosite to\nspace-sector researchers for use as a lunar simulant.\n\nAnorTech reports that its natural anorthosite shares compositional and\nmineralogical characteristics with lunar highlands materials, supporting the\ndevelopment and testing of technologies on Earth. Over more than a decade, it\nhas advanced anorthosite-based lunar regolith simulants, 3D-printable concrete\nand construction materials, refractory concretes and cements, and both\nsmelter-grade and high-purity alumina production. Its work includes research\ninto potential lunar construction applications; deployment would require\nfurther testing under lunar conditions.\n\nGreenland Mines’ strategy is to build a critical-materials platform spanning\nadvantaged upstream assets in Greenland and U.S. refining and manufacturing\nopportunities, supported by partnerships in allied jurisdictions — the\nCompany’s North Atlantic Critical Metals Corridor. AnorTech extends that\nplatform in two directions:\n\nExposure to proprietary, patent-pending processes to produce sustainable\nsmelter-grade and high-purity alumina from anorthosite without bauxite-residue\ntailings, generating saleable amorphous-silica and calcium silicate\nby-products, together with CO2-free refractory cement, 3D-printable cement and\nalumina-based catalysts. AnorTech has shipped 15 tons of Gronne Bjerg\nanorthosite to Ontario in preparation for pilot-plant testing. AnorTech\nreports that its alumina flowsheet has been demonstrated at laboratory scale,\nwith a planned pilot program intended to produce smelter-grade and high-purity\nalumina samples for engineering tests and customer evaluation.\n\nPotential dual-use applications — including simulants, printable\nconstruction materials, refractories and resource-processing technologies —\nrelevant to research on using the Moon’s own materials for construction and\nreducing the amount of material that must be transported from Earth.\n\nThe characteristics that make Gronne Bjerg attractive as a terrestrial\nindustrial-minerals project — a massive and homogeneous anorthosite body\naveraging 32% aluminum oxide, on deep-water tidewater approximately 80\nkilometers from Nuuk and its international airport, adjacent to significant\nhydroelectric potential — could also support the supply of lunar-analogue\nmaterial for research and testing on Earth. Greenland Mines sees the\nproject’s tidewater location as a potential link between feedstock from a\nfriendly North Atlantic jurisdiction and future U.S. alumina refining, helping\nbring more processing and manufacturing value into the United States.\nGreenland Mines believes the combination of AnorTech’s materials science and\nGreenland’s resource base positions the group to participate in\nspace-materials research, defence, advanced-manufacturing and\nsupply-chain-security themes that are increasingly central to allied\nindustrial policy.\n\nBo Møller Stensgaard, President of Greenland Mines, commented:\n\n“Rebuilding America’s aluminum and advanced-materials industries requires\nsecure feedstock and more refining capacity on U.S. soil. We see the\nopportunity to connect Greenland resources with U.S. production of\nsmelter-grade alumina for American aluminum smelters and high-purity alumina\nfor semiconductor and other advanced-materials supply chains. The objective is\na supply chain from Greenland to the United States that can operate\nindependently of Chinese refining, with more processing, manufacturing and\nvalue creation in America. That is how feedstock from friendly shores could\nsupport greater U.S. industrial self-sufficiency.\n\n“Alongside that U.S. industrial opportunity, AnorTech’s simulants and\nmaterials development support research on lunar surface infrastructure and the\nuse of local resources for construction. Doubling our position gives Greenland\nMines shareholders exposure to this U.S. industrial strategy, alongside\nlonger-term potential in lunar applications.”\n\nJim Cambon, President of AnorTech, commented:\n\n“Greenland Mines’ decision to exercise its option in full is a strong\nendorsement of what we are building at AnorTech. Greenland Mines understands\nthe value we are creating from Greenland anorthosite and its exciting future\nas a key component in the aluminum critical mineral supply chain and as a\nmaterial for research into future lunar construction. We are moving our\nsmelter grade alumina and high purity alumina technologies towards\ncommercialization while continuing our successful test programs on\n3D-printable and refractory cements, which may also inform future lunar\nconstruction applications. We are working with a number of groups in the space\nindustry who are using our anorthosite as a lunar simulant and we expect this\nsector to grow as lunar programs ramp up.  We look forward to maximizing the\nsynergies between our companies and working with Greenland Mines as a\nstrategic shareholder as we advance our lunar materials, smelter grade alumina\nand high purity alumina programs.”\n\nTransaction Terms\n\nThe option to acquire an additional 9.9% of AnorTech was granted under the\nshare exchange agreement between the Company and AnorTech dated June 15, 2026,\nannounced on June 16, 2026, and completed on June 22, 2026, through which\nGreenland Mines acquired its initial 19,958,503 AnorTech shares. On completion\nof the exercise, Greenland Mines will hold 45,127,172 AnorTech shares.\n\nUnder the option granted to Greenland Mines pursuant to the share exchange\nagreement dated June 15, 2026 (the “Option”), the Company has exercised\nthe Option in full to acquire 25,168,669 AnorTech common shares (the “Option\nShares”) at a deemed price of C$0.30 per Option Share, for aggregate\nconsideration of approximately US$5,298,000 (C$7,550,000). The consideration\nis satisfied through the issuance by Greenland Mines to AnorTech of common\nshares of Greenland Mines, with the exact number of shares based on the 10-day\nvolume-weighted average trading price of the Greenland Mines common shares on\nNasdaq at the time of closing.\n\nFollowing the issuance of the Option Shares, Greenland Mines will own\n45,127,172 AnorTech common shares, representing 19.9% of AnorTech’s issued\nand outstanding share capital. The Option Shares are subject to a contractual\nlock-up of 60 months from issuance, consistent with the initial tranche, in\naddition to a four-month Canadian statutory hold period. One-half of the\nGreenland Mines shares issued to AnorTech are subject to a 12-month\ncontractual lock-up and the remaining one-half to a 24-month contractual\nlock-up. AnorTech currently owns 318,000 shares of Greenland Mines from\nprevious transactions. The Greenland Mines shares will be issued in a private\ntransaction exempt from the registration requirements of the U.S. Securities\nAct of 1933, as amended. Completion of the exercise is subject to acceptance\nby the TSX Venture Exchange and customary closing conditions.\n\nAbout Greenland Mines Ltd\n\nGreenland Mines Ltd is a Nasdaq-listed resource development and mining company\nfocused on the development of the Skaergaard Project in southeast Greenland\nand the Sarfartoq neodymium-praseodymium rare earths project in southwest\nGreenland. The Company’s strategy is centered on building a multi-asset\nplatform with exposure to rare earth magnet materials, precious metals and\nselect midstream processing opportunities, while advancing its assets and\nbroader North Atlantic Critical Metals Corridor vision linking Greenland\nresources with allied downstream jurisdictions and industrial infrastructure.\n\nAbout AnorTech Inc.\n\nAnorTech (formerly Hudson Resources Inc.) is pioneering the next generation of\nsustainable materials from anorthosite with over 12 years experience in\ndeveloping anorthosite products and 25 years experience exploring, building\nand operating projects in Greenland. The Company owns 100% of the Gronne Bjerg\nanorthosite project in Greenland — strategically located approximately 80 km\nfrom Nuuk, the capital of Greenland, on open tidewater and adjacent to\nsignificant hydroelectric potential. AnorTech is advancing multiple product\nlines towards commercialization, including zero-waste smelter grade alumina\n(SGA) and high purity alumina (HPA); next generation alumina-based catalysts\nfor CO2 capture; CO2-free refractory cement and advanced 3D-printable cement;\nand research into lunar construction materials using anorthosite-based\nconcrete. Its high-purity alumina development work could support a domestic\nU.S. supply of advanced materials, including synthetic sapphire for\nsemiconductor applications, by combining Greenland feedstock with potential\nU.S. refining and manufacturing. AnorTech filed a U.S. provisional patent in\n2025 to protect its proprietary sustainable SGA and HPA process and has\nshipped 15 tons of Gronne Bjerg anorthosite to Ontario in preparation for\npilot plant testing. AnorTech has over C$3 million in working capital.\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,”\n“may,” “will,” “should,” “estimate,” “objective” and\nsimilar expressions. These forward-looking statements include statements\nregarding the completion of the exercise of the Option and the issuance of the\nOption Shares and the Greenland Mines shares, the receipt of TSX Venture\nExchange acceptance, the strategic benefits of the Company’s investment in\nAnorTech, AnorTech’s proposed Anorthosite Lunar Materials Innovation Program\nand any partnership, funding or agreement in respect of it, the suitability of\nGronne Bjerg anorthosite as a lunar regolith simulant or as feedstock for\nlunar construction materials, refractory systems or alumina, the future\ncommercialization of AnorTech’s technologies, future pilot plant activities,\nfuture demand from space, defence and advanced-manufacturing markets, the\ndevelopment of a North Atlantic Critical Metals Corridor and the Company’s\nbroader strategy.\n\nThese statements are based on current expectations, assumptions and available\ninformation and are subject to a range of risks and uncertainties, including\nregulatory and exchange approvals, technical and commercialization risk, pilot\nscale-up risk, the risk that no agreement in respect of AnorTech’s proposed\nlunar materials program is concluded with any space agency or commercial space\ncompany, the timing and scope of governmental and commercial lunar programs,\nmarket conditions, financing availability, industrial partner engagement,\nlogistics constraints and project execution risk, as well as the exploration,\nresource-estimation, metallurgical, engineering, environmental, social,\npermitting, infrastructure, commodity-price, counterparty and other risks\ndescribed in documents filed or to be filed with the U.S. Securities and\nExchange Commission, any of which could cause actual results to differ\nmaterially from those expressed or implied. Statements in this press release\nregarding AnorTech, its technologies, its Gronne Bjerg project and its\nproposed lunar materials program are based on information provided by or\npublicly disclosed by AnorTech, which Greenland Mines has not independently\nverified. Greenland Mines holds a minority interest in, and does not control,\nAnorTech. No assurance can be given that studies, partnerships, transactions,\ndevelopment decisions or production will occur on the timing contemplated or\nat all.\n\nReaders should carefully consider these factors and the other risks and\nuncertainties described in the Company’s SEC filings. All information in\nthis press release is provided as of its date, and the Company undertakes no\nobligation to update any forward-looking statement except as required by\napplicable 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=kzLs8DL5rf5VDNCnxZFJHEPqvnHctrbQ0TvIZjZdcuZWEWI5vmo4sLBHy8HF1kx1CMqTZcBVj4GB-bjtmPUttlMNfakUzBreSnkmZt0tiPB1H1-XwN36F2ieq3i5hUyPhBdUnRY0hcs_Hi9LfQ4oNw==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai \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":"2026-10-05T12:45:00.235494063Z","server_sent_at_ms":1791204300235},"received_at":"2026-10-05T12:45:00.355Z","source_url":null},"analysis":{"id":"149136","press_release_id":"160575","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["consideration paid in GRML shares — dilutive to existing holders","alumina process demonstrated only at laboratory scale; pilot-plant testing not yet started","lunar construction applications are highly speculative and require testing under lunar conditions"," issuer has not independently verified AnorTech's claims and holds a non-controlling minority stake","completion contingent on TSX Venture Exchange acceptance"],"eventType":"m_and_a","narrative":"Greenland Mines exercised in full its option to acquire an additional 9.9% of AnorTech, doubling its stake to 19.9% for aggregate consideration of approximately US$5.3 million (C$7.55 million).\n\nThe consideration is paid in Greenland Mines shares issued at a 10-day VWAP, making the deal dilutive to GRML shareholders; the 25.2 million new AnorTech shares are locked up for 60 months and closing remains subject to TSX Venture Exchange acceptance.\n\nStrategically, the deal extends Greenland Mines' exposure to AnorTech's Gronne Bjerg anorthosite project — targeting smelter-grade and high-purity alumina, CO2-free cements, and speculative lunar construction materials research — though the alumina flowsheet has only been demonstrated at laboratory scale with pilot testing pending.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap critical-minerals story pairing U.S. alumina supply-chain independence with speculative lunar-materials optionality — treat as strategic positioning, not near-term value driver."},"keyFigures":{"dealValueUsd":"$5,298,000","customDimensions":{"lockup":"60 months on Option Shares; GRML shares split 12/24-month lock-ups","option_shares":25168669,"payment_method":"GRML common shares based on 10-day VWAP","consideration_cad":"C$7,550,000","deemed_price_per_share":"C$0.30","gronnebjerg_al2o3_grade":"32% aluminum oxide","anortech_working_capital":"over C$3 million","resulting_anortech_stake":"19.9%","total_anortech_shares_held":45127172,"us_alumina_import_dependence_2025":"71%"}},"quotedText":"The objective is a supply chain from Greenland to the United States that can operate independently of Chinese refining, with more processing, manufacturing and value creation in America.","namedEntities":{"people":[{"name":"Bo Møller Stensgaard","role":"President, Greenland Mines"},{"name":"Jim Cambon","role":"President, AnorTech"}],"products":["Gronne Bjerg anorthosite project","smelter-grade alumina (SGA)","high-purity alumina (HPA)","CO2-free refractory cement","3D-printable cement","lunar regolith simulants","Skaergaard Project","Sarfartoq rare earths project"],"companies":[{"name":"Greenland Mines Ltd","ticker":"GRML","relationship":"filer/acquirer"},{"name":"AnorTech Inc. (formerly Hudson Resources Inc.)","relationship":"target/minority investment"},{"name":"IBN.Ai","relationship":"investor relations / communications"}],"dollarAmounts":[{"amount":"US$5,298,000","context":"aggregate consideration for 9.9% AnorTech option exercise"},{"amount":"C$7,550,000","context":"aggregate consideration in Canadian dollars"},{"amount":"C$0.30","context":"deemed price per Option Share"},{"amount":"C$3 million","context":"AnorTech working capital"}]},"materialImpact":{"score":2,"reasoning":"A small (~US$5.3M) exercise of a pre-negotiated option doubling a minority stake in a private company (AnorTech) to 19.9%, paid in Greenland Mines shares. Strategic but modest in size, pre-commercial technology, and subject to TSXV acceptance."},"tickerRelevance":{"others":[],"primary":"GRML"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"small minority-stake acquisition (~$5.3M) via share issuance","issuerAuthored":true,"speculativeThemeBoost":"lunar/space materials narrative but pre-commercial"}},"event_type":"m_and_a","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Greenland Mines exercised in full its option to acquire an additional 9.9% of AnorTech, doubling its stake to 19.9% for aggregate consideration of approximately US$5.3 million (C$7.55 million).\n\nThe consideration is paid in Greenland Mines shares issued at a 10-day VWAP, making the deal dilutive to GRML shareholders; the 25.2 million new AnorTech shares are locked up for 60 months and closing remains subject to TSX Venture Exchange acceptance.\n\nStrategically, the deal extends Greenland Mines' exposure to AnorTech's Gronne Bjerg anorthosite project — targeting smelter-grade and high-purity alumina, CO2-free cements, and speculative lunar construction materials research — though the alumina flowsheet has only been demonstrated at laboratory scale with pilot testing pending.","key_figures":{"dealValueUsd":"$5,298,000","customDimensions":{"lockup":"60 months on Option Shares; GRML shares split 12/24-month lock-ups","option_shares":25168669,"payment_method":"GRML common shares based on 10-day VWAP","consideration_cad":"C$7,550,000","deemed_price_per_share":"C$0.30","gronnebjerg_al2o3_grade":"32% aluminum oxide","anortech_working_capital":"over C$3 million","resulting_anortech_stake":"19.9%","total_anortech_shares_held":45127172,"us_alumina_import_dependence_2025":"71%"}},"named_entities":{"people":[{"name":"Bo Møller Stensgaard","role":"President, Greenland Mines"},{"name":"Jim Cambon","role":"President, AnorTech"}],"products":["Gronne Bjerg anorthosite project","smelter-grade alumina (SGA)","high-purity alumina (HPA)","CO2-free refractory cement","3D-printable cement","lunar regolith simulants","Skaergaard Project","Sarfartoq rare earths project"],"companies":[{"name":"Greenland Mines Ltd","ticker":"GRML","relationship":"filer/acquirer"},{"name":"AnorTech Inc. (formerly Hudson Resources Inc.)","relationship":"target/minority investment"},{"name":"IBN.Ai","relationship":"investor relations / communications"}],"dollarAmounts":[{"amount":"US$5,298,000","context":"aggregate consideration for 9.9% AnorTech option exercise"},{"amount":"C$7,550,000","context":"aggregate consideration in Canadian dollars"},{"amount":"C$0.30","context":"deemed price per Option Share"},{"amount":"C$3 million","context":"AnorTech working capital"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T12:45:09.742Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"small minority-stake acquisition (~$5.3M) via share issuance","issuerAuthored":true,"speculativeThemeBoost":"lunar/space materials narrative but pre-commercial"}},"durationMs":9359,"modelName":"glm-5.3-flashx"}}