Greenland Mines Boosts AnorTech Stake to 19.9%, Eyes Lunar Applications for Anorthosite

Greenland Mines (NASDAQ: GRML) (FSE: HK6), a Greenland-focused critical-minerals development company, has exercised in full its option to acquire an additional 9.9% of AnorTech, increasing its ownership to 19.9%. The company will acquire 25,168,669 AnorTech common shares at a deemed price of C$0.30 per share for aggregate consideration of approximately US$5.3 million, or C$7.55 million, satisfied through the issuance of Greenland Mines common shares. Following completion, Greenland Mines will hold 45,127,172 AnorTech shares. The transaction remains subject to TSX Venture Exchange acceptance and customary closing conditions.

AnorTech is advancing its 100%-owned Gronne Bjerg anorthosite project near Nuuk, Greenland, along with technologies targeting smelter-grade and high-purity alumina, CO2-free cement and other industrial materials. Greenland Mines said the increased investment also provides exposure to potential lunar applications for anorthosite, which can be used as an analogue for lunar highlands geology and in lunar regolith simulants. AnorTech reports it has supplied anorthosite to space-sector researchers and has advanced research involving lunar simulants, 3D-printable construction materials and refractory concretes and cements.

The move underscores Greenland Mines' strategy to build a multi-asset platform with exposure to rare earth magnet materials, precious metals and select midstream processing opportunities. The company is focused on developing the Skaergaard Project in southeast Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland, while advancing its broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

For Texas businesses, the announcement signals potential opportunities in critical minerals supply chains that are essential for advanced manufacturing, defense, and energy technologies. As the U.S. seeks to secure domestic and allied sources of rare earth elements and other critical materials, projects like those pursued by Greenland Mines and AnorTech could reduce reliance on non-allied nations and create new avenues for collaboration with Texas-based processors, manufacturers, and research institutions. The lunar applications angle also highlights the growing intersection of space exploration and terrestrial materials science, an area where Texas, home to major space and aerospace assets, could play a significant role.

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