Greenland Mines Ltd

Snapshot

GRML is a pre-revenue mining explorer (plus a small legacy biotech arm) that lost $10.6M in FY 2025 and burned $5.9M in free cash flow with zero revenue.

What's Happening Right Now

• Tue 29th Sep '26 · Capital raise: GRML raised over $17M more on Sept 29, 2026, bringing total new capital to over $59M in a week, and added two mining directors to the board.
• Thu 24th Sep '26 · Financing: On Sept 24, 2026, GRML completed a $42M equity raise at $12/share, terminated its ATM program, and finished its 2026 Sarfartoq rare earth field program.
• Thu 24th Sep '26 · Warrants: Issued warrants over 1.43M shares.
• Wed 23rd Sep '26 · ATM sale: Sold $1.39M of stock through its at-the-market program.
• Thu 10th Sep '26 · Going concern: GRML's Q2 2026 10-Q disclosed a $17.5M six-month net loss on zero revenue, explicit going-concern doubt, and a share count that had more than doubled since December 2025.
• Wed 2nd Sep '26 · Acquisition: On Sept 1, 2026, GRML closed its acquisition of the Sarfartoq Nd-Pr rare earths project for $20M cash plus $15M in stock, with Neo Performance Materials taking offtake rights.
• Tue 1st Sep '26 · Offering: Closed an offering. Proceeds are not disclosed in the filings reviewed.
• Thu 20th Aug '26 · Reverse split: On Aug 20, 2026, GRML announced a 1-for-50 reverse stock split to regain Nasdaq compliance after its share price fell below $1.