Greenland Mines (GRML) Announces Proposed Public Offering to Fund Sarfartoq Acquisition

LOS ANGELES, CA - August 26, 2026 (NEWMEDIAWIRE) - Greenland Mines (NASDAQ: GRML), a Western-aligned critical minerals developer, announced plans to offer shares of common stock, or common stock equivalents, in a public offering, with all securities to be offered by the company. Greenland Mines intends to use the net proceeds, together with existing cash and cash equivalents, to fund the acquisition of the Sarfartoq Nd-Pr Rare Earth Element Project, working capital and other general corporate purposes. The offering is subject to market and other conditions, with no assurance regarding its completion, size or terms. A.G.P./Alliance Global Partners is acting as sole placement agent.

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About Greenland Mines

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 selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

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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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