GlobeNewswire·Nov 9, 2026, 7:30 AM ET

Greenland Mines Ltd Provides Early Warning Disclosure Regarding AnorTech Inc.

Greenland Mines Ltd increased its ownership in AnorTech Inc. to approximately 19.9% following the exercise of an option to acquire additional shares.
On November 6, 2026, Greenland Mines acquired 25,168,669 AnorTech common shares from treasury at a price of C$0.30 per share.
The total consideration for the transaction was approximately C$7,550,600 (US$5,298,000), satisfied by issuing 1,133,268 Greenland Mines common shares to AnorTech.
Greenland Mines' stake rose from 9.9% (19,958,503 shares) to 19.9% (45,127,172 shares), an increase of 10.0 percentage points.
The acquired Subject Shares are subject to a 60-month contractual lock-up period starting from the issuance date.
The transaction was completed via private agreement rather than on a stock exchange.
Greenland Mines holds ownership and control over all shares acquired; the purchase was made for investment purposes.
No current plans exist to further change ownership or control, though future adjustments may occur based on market conditions.
Greenland Mines is a Delaware corporation based in Charlotte, North Carolina, focused on critical minerals in Greenland.
AnorTech is a TSX Venture Exchange-listed company headquartered in Vancouver, Canada, developing alumina from Greenland anorthosite.
An early warning report containing additional details is being filed with securities regulators under NI 62-103.

Company: Greenland Mines Ltd
Keywords: Nasdaq:GRML, Greenland Mines Ltd, Greenland Mines Ltd, NASDAQ: GRML, $GRML, AnorTech