Curated News
By: NewsRamp Editorial Staff
October 05, 2026
Greenland Mines Ups AnorTech Stake to 19.9% in $5.3M Deal
TLDR
- Greenland Mines raised its AnorTech stake to 19.9%, gaining exposure to lunar anorthosite applications and critical minerals.
- Greenland Mines exercised its option to acquire 25,168,669 AnorTech shares at C$0.30 each, paid with GRML shares.
- AnorTech's anorthosite enables CO2-free cement and lunar simulants, advancing sustainable construction and space research.
- AnorTech's anorthosite is used in lunar regolith simulants and 3D-printable construction materials for space exploration.
Impact - Why it Matters
This investment strengthens Greenland Mines' position in the critical minerals sector and highlights the growing importance of anorthosite for both terrestrial and lunar applications. As demand for rare earth elements and advanced materials rises, Greenland Mines' expanded stake in AnorTech could accelerate the development of the Gronne Bjerg project and related technologies, benefiting investors and the broader supply chain for green technologies and space exploration. The move also underscores Greenland's emerging role as a strategic resource hub, potentially reducing reliance on China for critical materials.
Summary
Greenland Mines (NASDAQ: GRML; FSE: HK6), a Greenland-focused critical-minerals development company, has exercised in full its option to acquire an additional 9.9% of AnorTech, increasing its ownership to 19.9%. The company will acquire 25,168,669 AnorTech common shares at a deemed price of C$0.30 per share for aggregate consideration of approximately US$5.3 million (C$7.55 million), satisfied through the issuance of Greenland Mines common shares. Following completion, Greenland Mines will hold 45,127,172 AnorTech shares. The transaction remains subject to TSX Venture Exchange acceptance and customary closing conditions.
AnorTech is advancing its 100%-owned Gronne Bjerg anorthosite project near Nuuk, Greenland, along with technologies targeting smelter-grade and high-purity alumina, CO2-free cement and other industrial materials. Greenland Mines said the increased investment also provides exposure to potential lunar applications for anorthosite, which can be used as an analogue for lunar highlands geology and in lunar regolith simulants. AnorTech reports it has supplied anorthosite to space-sector researchers and has advanced research involving lunar simulants, 3D-printable construction materials and refractory concretes and cements. To view the full press release, visit: https://nnw.fm/wIx6e.
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. The latest news and updates relating to GRML are available in the company’s newsroom at https:/nnw.fm/GRML. This news is distributed by NetworkNewsWire (NNW), a specialized communications platform within the Dynamic Brand Portfolio @ IBN.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Greenland Mines Ups AnorTech Stake to 19.9% in $5.3M Deal
