Greenland Mines (GRML) Raises Over $17 Million, Adds Two Directors
LOS ANGELES, CA - September 29, 2026 (NEWMEDIAWIRE) - Greenland Mines (NASDAQ: GRML) (FSE: HK6) announced that it raised over $17 million through a registered direct offering of common stock at $13 per share, bringing its total capital raised over the past week to more than $59 million. The company said the financing strengthens its balance sheet and provides capital for planned exploration and development programs and its 2027 milestones across its Greenland portfolio.
Greenland Mines also appointed Blair Jordan and Peter Love to its board of directors. Jordan is an experienced public-company executive, director, investment banker and attorney who currently serves as CEO and a director of Tungsten Reserve Corp., while 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.
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About Greenland Mines Ltd
Greenland Mines Ltd is a Nasdaq-listed resource development and mining company focused on the development of the Skaergaard Project in southeast Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland. The Company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and select midstream processing opportunities, while advancing its assets and broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
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Forward Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law
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