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Greenland Mines closes Sarfartoq rare earth acquisition in Greenland

Wed, 02 Sep 2026 09:00:22 -0400

Greenland Mines Ltd (Nasdaq: GRML) completed its acquisition of the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland on September 1, 2026, following approval from the Government of Greenland.

The company acquired Neo North Star Resources, which holds the Sarfartoq project, in exchange for $20 million in cash and $15 million in securities. Neo Performance Materials Inc. (TSX: NEO) became a strategic shareholder of Greenland Mines through the transaction and retains offtake rights for up to 60% of future Sarfartoq ore or mineral concentrate production for processing at its Silmet rare earth separation facility in Estonia.

An independent Initial Assessment for the

Greenland Mines closes Sarfartoq rare earth acquisition in Greenland

Wed, 02 Sep 2026 09:00:22 -0400

An independent Initial Assessment for the

Greenland Mines Completes Acquisition of World-Class Rare Earth Nd-Pr Magnet and Defense Mine Asset Following Greenland Government Approval

Wed, 02 Sep 2026 09:00:00 -0400

At 2025 consumption levels, the NdPr oxide Sarfartoq is expected to produce annually from ST1 alone would represent approximately 34% of all NdPr oxide refined outside China

Transaction closed September 1 following Government of Greenland approval

CHARLOTTE, N.C., Sept. 02, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML), a Western-aligned critical minerals developer consummated the closing of the Sarfartoq Nd-Pr Rare Earths Project in southwest Greenland, on Tuesday, September 1, 2026. The closing completes the transaction contemplated by the definitive acquisition

Greenland Mines Completes Acquisition of World-Class Rare Earth Nd-Pr Magnet and Defense Mine Asset Following Greenland Government Approval

Wed, 02 Sep 2026 09:00:00 -0400

At 2025 consumption levels, the NdPr oxide Sarfartoq is expected to produce annually from ST1 alone would represent approximately 34% of all NdPr oxide refined outside China

Transaction closed September 1 following Government of Greenland approval

Greenland Mines Completes Acquisition of World-Class Rare Earth Nd-Pr Magnet and Defense Mine Asset Following Greenland Government Approval

Wed, 02 Sep 2026 09:00:00 -0400

At 2025 consumption levels, the NdPr oxide Sarfartoq is expected to produce annually from ST1 alone would represent approximately 34% of all NdPr oxide refined outside China

Transaction closed September 1 following Government of Greenland approval

Greenland Mines Completes Acquisition of World-Class Rare Earth Nd-Pr Magnet and Defense Mine Asset Following Greenland Government Approval

Wed, 02 Sep 2026 09:00:00 -0400

At 2025 consumption levels, the NdPr oxide Sarfartoq is expected to produce annually from ST1 alone would represent approximately 34% of all NdPr oxide refined outside China

Transaction closed September 1 following Government of Greenland approval

Form 8-K Greenland Mines Ltd For: Aug 26

Thu, 27 Aug 2026 17:01:00 -0400

si-local-file:///var/storage/secattach/20260827/26991041.html

Form 8-K Greenland Mines Ltd For: Aug 26

Thu, 27 Aug 2026 17:01:00 -0400

si-local-file:///var/storage/secattach/20260827/26991041.html

Greenland Mines Set to Close Sarfartoq Rare Earths Acquisition by Sept. 1, 2026

Thu, 27 Aug 2026 11:30:00 -0400

Government of Greenland approval secured; completed public offering provides capital to fund acquisition

CHARLOTTE, N.C., Aug. 27, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) today announced that it expects to complete its previously announced acquisition of Neo North Star Resources, Inc., owner of the Sarfartoq Nd-Pr Rare Earths Project in southwest Greenland, prior to Sept. 1, 2026.

The Company has received formal approval from the Government of Greenland for the indirect transfer of the Sarfartoq mineral license and has completed its

Greenland Mines Set to Close Sarfartoq Rare Earths Acquisition by Sept. 1, 2026

Thu, 27 Aug 2026 11:30:00 -0400

Government of Greenland approval secured; completed public offering provides capital to fund acquisition

The Company has received formal approval from the Government of Greenland for the indirect transfer of the Sarfartoq mineral license and has completed its

Form 424B5 Greenland Mines Ltd

Thu, 27 Aug 2026 10:50:00 -0400

si-local-file:///var/storage/secattach/20260827/26987045.html

Form 424B5 Greenland Mines Ltd

Thu, 27 Aug 2026 10:50:00 -0400

si-local-file:///var/storage/secattach/20260827/26987045.html

Sarfartoq Initial Assessment Reports High-Case Sensitivity of up to US$2.05 Billion Pre-Tax NPV

Wed, 26 Aug 2026 09:00:00 -0400