Greenland Mines Ltd (GRML) Form 8-K — Sep 4, 2026

$GRMLForm 8-KItems 1.01, 2.01, 3.02, 5.03, 5.07, 9.01Filed Sep 4, 2026, 5:25 PM ET0001213900-26-097770Original filing

Greenland Mines Ltd closed its acquisition of NNSR Holdings Inc., parent of Neo North Star Resources, on September 1, 2026, taking indirect ownership of the mineral license for the Sarfartoq rare earth project in Greenland. Total consideration was $20 million in cash plus 1,040,676 newly issued common shares and 359,324 newly issued Series R preferred shares, with AnorTech Inc. receiving $1 million of the cash and 70,000 of the shares.

Key figures

Deal Value Usd: $20,000,000 cash plus 1,400,000 shares (1,040,676 common and 359,324 Series R preferred)
License area sq km: 191
Anortech cash payment: $1,000,000
Pre tax irr high case: 118.6%
Pre tax npv high case: $2.05 billion
Issuance proposal vote: 836,940 For / 17,364 Against / 15,512 Abstain
Prior reverse split date: August 24, 2026
Series r conversion ratio: 1:1 post stockholder approval
Equity incentive plan pool: 400000
Untested ring structure km: 32
Common consideration shares: 1040676
Incentive plan proposal vote: 829,747 For / 25,711 Against / 14,357 Abstain
Anortech consideration shares: 70000
Series c conversion gate date: January 8, 2027
Preferred consideration shares: 359324
Series c conversion gate price: $15.00
Shares outstanding record date: 2424773
Neo stockholder cash allocation: $19,000,000
Neo stockholder share allocation: 1330000
Series r beneficial ownership cap: 9.999%
Shares present at special meeting: 869817
Private warrant exercise shares approved: 691039
Series c conversion shares nasdaq approved: 40800776

Price after filing

1 day: 0.0%7 days: -33.8%30 days: +65.5%

Close on the filing date to close N calendar days later (from $4.76). Historical, not a forecast.

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