PRESS RELEASE
News
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PRESS RELEASE
Greenland Mines (NASDAQ: GRML) Announces Proposed Public Offering to Fund Sarfartoq Acquisition
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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