Greenland Mines Authorizes $20 Million Share Repurchase Program and Announces Capital Allocation Priorities

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Postmedia has not reviewed the content. by GlobeNewswire Greenland Mines Authorizes $20 Million Share Repurchase Program and Announces Capital Allocation PrioritiesAuthor of the article:Authorization follows more than $59 million of recent capital raised, with planned programs funded through targeted 2027 milestonesTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCHARLOTTE, N.C., Oct. 06, 2026 (GLOBE NEWSWIRE) — via IBN — Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML; FSE: HK6), a Greenland-focused critical-minerals developer, today announced that its Board of Directors has authorized a $20 million share repurchase program as part of an updated capital allocation strategy focused on advancing its core mineral projects, maintaining strong liquidity, and maximizing long-term shareholder value.This advertisement has not loaded yet, but your article continues below.Following the Company’s recent raising of more than $59 million in new capital, Greenland Mines believes it is well positioned to fund planned work at Sarfartoq and Skaergaard through targeted 2027 milestones while maintaining the financial flexibility to opportunistically repurchase shares. The Company will continue to prioritize drilling, technical studies, metallurgy, environmental programs and permitting, while evaluating strategic investments and partnerships supporting its North Atlantic Critical Metals Corridor strategy.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“Our recent financings have given Greenland Mines the balance sheet to aggressively advance our world-class Greenland assets while preserving meaningful strategic flexibility,” said Bo Møller Stensgaard, President of Greenland Mines. “Our priority remains disciplined investment in Sarfartoq and Skaergaard. At the same time, we believe our own shares may represent a compelling use of capital at certain valuations. This $20 million authorization gives us the ability to act when we believe repurchases can create attractive long-term value for our shareholders.”This advertisement has not loaded yet, but your article continues below.Under the authorization, the Company may repurchase up to $20 million of its outstanding common stock from time to time through open-market transactions or other permissible methods, including pursuant to trading plans established under Rules 10b5-1 and 10b-18, where applicable. The timing and amount of any repurchases will depend on market conditions, the Company’s share price, liquidity requirements, project funding needs and other capital allocation considerations. The authorization does not obligate the Company to repurchase any particular amount of common stock and may be modified, suspended or discontinued at any time.About Greenland Mines LtdGreenland Mines Ltd is listed on Nasdaq and develops mineral assets in Greenland, including the Skaergaard precious-metals project in southeast Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland. Its North Atlantic Critical Metals Corridor strategy seeks to connect Greenland resources with processing capacity and industrial customers in the United States and allied countries. The Company’s portfolio also includes a strategic investment in AnorTech, which is developing alumina and other materials from Greenland anorthosite.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate,” “objective” and similar expressions.Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties. Many factors could cause actual results to differ materially, including exploration, resource-estimation, metallurgical, engineering, environmental, social, permitting, logistical, infrastructure, financing, commodity-price, market, counterparty and execution risks; the availability and level of participation of advisory board members; changes to planned programs and timelines; the Company’s ability to obtain required approvals and financing; and risks described in documents filed or to be filed with the U.S. Securities and Exchange Commission. No assurance can be given that studies, applications, partnerships, transactions, development decisions or production will occur on the timing contemplated or at all.Readers should carefully consider these factors and the other risks and uncertainties described in the Company’s SEC filings. All information in this press release is provided as of its date, and the Company undertakes no obligation to update any forward-looking statement except as required by applicable law.Investor Contact and Corporate Communicationsir@greenlandmines.comwww.greenlandmines.comCorporate CommunicationsIBNAustin, TexasIBN.Ai | 512.354.7000 | Editor@IBN.AiThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.