EX-99.1 2 greenlandenergy_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Greenland Energy Company Provides Update on Greenland Permitting Process and Project Planning DENVER, August 11, 2026/PRNewswire/ - Greenland Energy Company (the “Company”) (NASDAQ: GLND) today announced that it has received an update from its JV partner, 80 Mile plc (AIM: 80M), which is leading the permitting process for the Company’s Greenland project. Based on information received by 80 Mile from the Government of Greenland, the project’s complexity will require a more extensive, comprehensive review process. The partners are now working toward a targeted permit timeline for winter 2027. “Greenland Energy remains committed to advancing its oil exploration program responsibly and in accordance with Greenland’s regulatory process, and in full compliance with Greenlandic authorities,” said Robert Price, CEO of Greenland Energy Company. “Operating in the Arctic requires patience, flexibility and a long-term perspective. We will use this time to refine our plans and deepen relationships with local communities, strategic partners and relevant authorities. Greenland Energy Company’s ongoing work in Greenland reinfor…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
Greenland Energy Company
GLNDNASDAQEQUITYCurrent
Regulation FD Disclosure
Item Regulation 7.01 FD Disclosure. On August 11, 2026, Greenland Energy Company, a Texas corporation (the “Company”), issued a press release containing an update on the Company’s permitting process with the government of Greenland for the drilling at the Jameson Land Basin. Pursuant to information received by 80 Mile plc (AIM:…
Company context
We are an exploration-stage oil and gas company led by a team of industry veterans and bolstered by a deep bench of consultants with decades of experience in the energy and natural resources industries. Our primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin in East Greenland, a 2-million-acre onshore licensed area through application of modern exploration technologies. With an estimated 13.03 billion barrels of gross un-risked recoverable oil, we are leveraging strategic partnerships to execute the first modern onshore drilling campaign in the region, slated for 2026. March GL, our wholly-owned subsidiary, holds rights under exclusive licenses held by third parties to an over 2-million-acre area located in the Jameson Land region of East Greenland, where its licenses cover the majority of the basin. As of October 2025, independent resource estimates prepared by Sproule ERCE indicate that March GL’s licenses hold the potential resources of 13 billion barrels of oil (an estimate of the 3U gross un-risked prospective recoverable oil). The Jameson Land Basin is located in central eastern Greenland, forming a large onshore sedimentary basin within the Jameson Land peninsula. This peninsula lies along the southeastern continental margin of East Greenland, primarily between approximately 70°N and 72°N latitude. The basin represents one of the last remaining undrilled North Atlantic Margin basins and covers a structurally complex area with signi