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3 stories mentioning GRMLUpdated 13d ago

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Wire

Greenland Mines Reports Limited-Duration Stockholder Rights Plan

Greenland Mines (GRML) said Thursday its board has approved a limited-duration stockholder rights plan to protect the interests of the company and its stockholders.The plan is effective immediately and will expire July 22, 2027, the company said.Greenland said it will issue one right for each company share to shareholders of record on Aug. 7. The rights will only become exercisable if a person or group buys beneficial ownership of 15% or more of its shares, it said.Shares were up over 2% in morning trading.Price: $0.23, Change: $+0.01, Percent Change: +2.56%

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Wire

SRX Global Invests in Greenland Mines

SRX Global (SRXH) has made a strategic investment in Greenland Mines (GRML), a critical and precious minerals development company with a portfolio of projects in Greenland, the company said Thursday.Financial terms of the investment were not disclosed.Price: $0.23, Change: $-0.01, Percent Change: -4.17%

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Mining & Metals

Neo Performance Materials Signs $35 Million Deal With Greenland Mines for Sarfartoq Project

Neo Performance Materials (NEO.TO) after trade Wednesday said its Neo North Star Holdings unit and other shareholders agreed to transfer ownership of Neo North Star Resources to Greenland Mines (GRML) in a deal valued at US$35 million.The transaction includes US$20 million in cash and US$15 million in Greenland Mines shares. Neo North Star Holdings currently owns about 43.7% of Neo North Star Resources, according to the statement.Neo said the agreement will allow Greenland Mines to lead the Sarfartoq Project's development, while Neo keeps an ownership stake in Greenland Mines and continues focusing on expanding its core midstream and downstream expansion strategy."This agreement reflects our disciplined approach to capital allocation and reinforces Neo's strategic identity as a midstream and downstream advanced materials company, where we create the most value for our customers and shareholders," Chief Executive Rahim Suleman said.The transaction is subject to standard closing conditions, including approval from the Government of Greenland, the company added.Neo shares closed up $0.62 to $31.01 on the Toronto Stock Exchange.

$GRML$NEO.TO

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