LOS ANGELES, CA - April 30, 2026 (NEWMEDIAWIRE) - Greenland Energy (NASDAQ: GLND), an energy company focused on Greenland’s Jameson Land Basin, announced the closing of its previously announced public offering for gross proceeds of approximately $70 million, before deducting placement agent fees and offering expenses. Proceeds are expected to fund execution of the Company’s exploration plan, including OPW1 & OPW2 procurement, long-lead materials, field readiness, workforce mobilization, winter-preparation equipment and tug-and-barge logistics ahead of planned October 2026 drilling operations.

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About Greenland Energy Company

Greenland Energy Company is an energy exploration company focused on responsibly developing Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin. It aims to advance oil and gas exploration and create a publicly traded platform for Arctic energy development.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law

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