Greenland Mines Acquires Strategic Stake in AnorTech, Expanding into Midstream Critical Materials Processing

Greenland Mines Ltd. (NASDAQ: GRML) has entered into a strategic share exchange agreement with AnorTech Inc. (TSX.V: ANOR) (OTCQB: ANORF), acquiring an initial 9.9% equity interest in the Greenland-focused technology and resource development company. The company holds an option to increase its ownership to as much as 19.9% within six months. The investment supports Greenland Mines' North Atlantic Critical Metals Corridor strategy and provides exposure to AnorTech's sustainable alumina, high-purity alumina, CO2-free cement, and industrial materials technologies derived from its Gronne Bjerg anorthosite project in Greenland.

The transaction expands Greenland Mines' reach beyond upstream resource development into the midstream processing segment of the critical materials value chain. AnorTech is advancing a proprietary process designed to produce sustainable smelter-grade alumina and high-purity alumina from anorthosite while eliminating conventional bauxite-residue tailings. The transaction is expected to close by June 30, subject to customary closing conditions, including acceptance by the TSX Venture Exchange. For more details, the full press release can be viewed at https://ibn.fm/uIGCl.

Greenland Mines Ltd. is a Nasdaq-listed company with two operating divisions: 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 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. More information about GRML is available at https://greenlandmines.com/.

This investment is significant as it represents a move by Greenland Mines to secure a foothold in the processing of critical materials, particularly alumina, which is essential for various high-tech and green energy applications. By partnering with AnorTech, Greenland Mines gains access to innovative, environmentally friendly processing technologies that could reduce the environmental footprint of alumina production. The strategic alignment with the North Atlantic Critical Metals Corridor also positions the company to leverage Greenland's mineral resources in conjunction with downstream processing capabilities in allied jurisdictions, potentially creating a vertically integrated supply chain for critical materials. As global demand for sustainable and ethically sourced materials grows, this transaction could enhance Greenland Mines' competitive position in the critical minerals market.