Greenland Mines (GRML) Raises More Than $42M, Completes Sarfartoq Field Program

LOS ANGELES, CA - September 25, 2026 ( NEWMEDIAWIRE ) - Greenland Mines (NASDAQ: GRML) raised more than $42 million from existing investors through a registered direct offering of common stock and pre-funded warrants and the exercise of previously issued private warrants. The company said the financing provides the capital it believes is required to execute planned exploration and development programs and achieve targeted 2027 milestones across its Greenland portfolio. All pre-funded warrants issued in the registered direct offering have been exercised and Greenland Mines has terminated its at-the-market offering facility. Greenland Mines also completed its 2026 geological and structural field program at the Sarfartoq Neodymium-Praseodymium (“NdPr”) Rare Earth Project in southwest Greenland. The approximately three-week program included geological and structural mapping, drone-supported outcrop surveying and systematic rock sampling to strengthen the geological framework around ST1 and improve targeting for future drilling and resource-upgrade work. Sarfartoq’s existing ST1 Mineral Resource comprises approximately 12.2 million tons grading 1.32% TREO. To view the full press release