Security
GRMLW · Greenland Mines Ltd
GRMLWNASDAQWarrantCurrentCIK 1907223Updated Sep 24, 2026
Name history
Klotho Neurosciences, Inc. · through Mar 10, 2026ANEW Medical, Inc. · through Sep 18, 2024Redwoods Acquisition Corp. · through Jun 21, 2024
GRMLW price & chart
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NASDAQ:GRMLW on TradingView ↗About the company
Greenland Mines Ltd is a Nasdaq-listed company with two operating divisions: (1) Mining, focused on the exploration and development of the Skaergaard Project in southeast Greenland and, subject to closing of the previously announced transaction, the Sarfartoq neodymium-praseodymium (Nd-Pr) rare earths project in southwest Greenland; and (2) Biotech, including Klotho’s KLTO-202 primary indication for ALS. 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 broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.
In the news
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Recent filings
424B5 filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
424B5 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Unregistered Sales of Equity Securities · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security Holders
Items 1.01, 2.01, 3.02, 5.03, 5.07, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement · Regulation FD Disclosure
Items 1.01, 7.01, 9.01
424B5 filing
424B5 filing
4 filing
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 9,593,240Source | 2,457,365Source | 19,455,953Source | 118,246,636Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 7,176,615Source | 63,741Source | 172,535Source | — |
| Assets, CurrentUSD | 7,293,686Source | 157,811Source | 199,530Source | 440,158Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 129,764Source | 1,272,020Source | 8,241,799Source | 4,929,496Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 7,254Source | 2,708Source | 340Source | 340Source |
| Additional Paid in CapitalUSD | 30,054,695Source | 11,745,436Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | -21,114,473Source | -10,562,799Source | -7,350,842Source | -4,044,852Source |
| Stockholders' Equity Attributable to ParentUSD | 9,463,476Source | 1,185,345Source | -7,350,502Source | -4,044,512Source |
| Liabilities and EquityUSD | 9,593,240Source | 2,457,365Source | 19,455,953Source | 118,246,636Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 76,764Source | 1,247,534Source | 2,313,080Source | 506,241Source |
| Accounts Payable, CurrentUSD | 44,607Source | 63,686Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 17,919Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 32,157Source | 912,095Source | 396,669Source | 140,370Source |
| Deferred Tax Liabilities, NetUSD | — | — | 17,919Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,565,212Source | 2,649,573Source | — | — |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | 78,955Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -5,889,254Source | -2,946,512Source | -1,262,659Source | -493,043Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -123,497Source | 101,914,093Source | -116,150,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 13,002,128Source | 3,130,942Source | -100,819,861Source | 116,979,053Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | 336,010Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 7,176,615Source | 63,741Source | 172,535Source | 340,962Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 79,153Source | 2,460Source | — | — |
| Income Taxes Paid, NetUSD | — | 551,593Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 1,565,212Source | 2,649,573Source | — | — |
| General and Administrative ExpenseUSD | 3,076,220Source | 129,418Source | 1,225,241Source | 533,992Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | 10,000Source | — | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | 10,000Source | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -78,955Source |
| Income Tax Expense (Benefit)USD | — | — | 690,572Source | 243,070Source |
| InterestExpenseNonoperatingUSD | 2,313,961Source | 356,603Source | — | — |
| Investment Income, InterestUSD | — | — | 3,364,038Source | 1,280,500Source |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | 3,364,038Source | 375,978Source |
| Net Income (Loss) Attributable to ParentUSD | -10,551,674Source | -6,150,372Source | 1,346,125Source | 1,233,352Source |
| Nonoperating Income (Expense)USD | -3,405,409Source | -610,136Source | — | — |
| Operating ExpensesUSD | 7,146,265Source | 5,540,236Source | — | — |
| Other Nonoperating Income (Expense)USD | 115,066Source | -251,572Source | — | — |
| Payments of Financing CostsUSD | 25,000Source | — | — | — |
| Payments to Acquire InvestmentsUSD | — | 123,497Source | — | 116,150,000Source |
| Proceeds from Issuance of Common StockUSD | 1,112,745Source | — | — | 25,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 100Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Income (Loss)USD | -7,146,265Source | -5,540,236Source | -1,300,841Source | -657,018Source |
| Other Nonoperating Income (Expense)USD | 115,066Source | -251,572Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,551,674Source | -6,150,372Source | 2,036,697Source | — |
| Income Tax Expense (Benefit)USD | — | — | 690,572Source | 243,070Source |
| Net Income (Loss) Attributable to ParentUSD | -10,551,674Source | -6,150,372Source | 1,346,125Source | 1,233,352Source |
| Earnings Per Share, BasicUSD per share | -0.22Source | -0.32Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.22Source | -0.32Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 48,489,970Source | 19,247,313Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 48,489,970Source | 19,247,313Source | — | — |
| Interest Expense (non-operating)USD | 2,313,961Source | 356,603Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 16.5Source | 16.5Source |
| General and Administrative ExpenseUSD | 3,076,220Source | 129,418Source | 1,225,241Source | 533,992Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | 1,555,377Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | -78,955Source |
| Interest Expense, DebtUSD | — | 100,000Source | — | — |
| Investment Income, InterestUSD | — | — | 3,364,038Source | 1,280,500Source |
| Nonoperating Income (Expense)USD | -3,405,409Source | -610,136Source | — | — |
| Operating ExpensesUSD | 7,146,265Source | 5,540,236Source | — | — |
| Research and Development ExpenseUSD | 634,187Source | 0Source | — | — |
Filing attachments
ea030640801ex4-1.htm · 8-K · 2026-09-23
Exhibit 4.1 PRE-FUNDED COMMON STOCK PURCHASE WARRANT GREENLAND MINES LTD. Warrant Shares: Issue Date: , 2026 THIS PRE-FUNDED COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _________________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issue Date (the “Initial Exercise Date”) and until this Warrant is exercised in full (th…
Read attachment ↗ea030353701ex4-1.htm · 8-K · 2026-08-27
EX-4.1 2 ea030353701ex4-1.htm FORM OF PRE-FUNDED WARRANT Exhibit 4.1 PRE-FUNDED COMMON STOCK PURCHASE WARRANT GREENLAND MINES, LTD. Warrant Shares: Issue Date:, 2026 THIS PRE-FUNDED COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _________________ or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issue Date (the “Initial Exercis…
Read attachment ↗ea030353701ex99-1.htm · 8-K · 2026-08-27
EX-99.1 6 ea030353701ex99-1.htm LAUNCH PRESS RELEASE DATED AUGUST 25, 2026 Exhibit 99.1 Greenland Mines Announces Proposed Public Offering CHARLOTTE, N.C., Aug. 25, 2026 (GLOBE NEWSWIRE) -- via IBN - Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”), a Western-aligned critical minerals developer, today announced that it intends to offer shares of its common stock (or common stock equivalents in lieu thereof) in a public offering. All of the securities to be sold in th…
Read attachment ↗ea030353701ex99-2.htm · 8-K · 2026-08-27
EX-99.2 7 ea030353701ex99-2.htm PRICING PRESS RELEASE DATED AUGUST 26, 2026 Exhibit 99.2 Greenland Mines Announces Pricing of $20 Million Public Offering CHARLOTTE, N.C., Aug. 26, 2026 (GLOBE NEWSWIRE) -- via IBN - Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”), a Western-aligned critical minerals developer, today announced the pricing of its previously announced public offering with new and existing mining-focused institutional investors for the purchase and sale …
Read attachment ↗ea029894801ex4-1.htm · 8-K · 2026-07-23
EX-4.1 2 ea029894801ex4-1.htm RIGHTS AGREEMENT, DATED AS OF JULY 22, 2026, BY AND BETWEEN GREENLAND MINES LTD. AND CONTINENTAL STOCK TRANSFER AND TRUST, AS RIGHTS AGENT Exhibit 4.1 RIGHTS AGREEMENT THIS RIGHTS AGREEMENT (as it may be amended from time to time, this “Agreement”), dated as of July 22, 2026, is entered into by and between Greenland Mines Ltd., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company, as rights agent (the “Rights Agent”). RECITAL…
Read attachment ↗ea029894801ex99-1.htm · 8-K · 2026-07-23
EX-99.1 3 ea029894801ex99-1.htm PRESS RELEASE Exhibit 99.1 Greenland Mines Announces Limited-Duration Stockholder Rights Plan Intended to Protect Shareholder Value CHARLOTTE, N.C., July 22, 2026 - via IBN - Greenland Mines Ltd (“Greenland Mines” or the “Company”) announces that its Board of Directors has approved the adoption of a limited-duration stockholder rights plan, effective July 22, 2026, to protect the interests of the Company and its stockholders. The Board adopted the rights pl…
Read attachment ↗