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The financing raised $42 million and fully funded 2027 milestones.
Greenland Mines Ltd (Nasdaq: GRML) completed an equity financing, issuing 3,500,000 shares at $12.00 per share to raise $42 million. This financing fully funds the company's 2027 milestones, terminates its ATM program, and completes the Sarfartoq rare earth field program.
The company issued 3,500,000 shares at $12.00 per share, raising a total of $42 million. This amount is sufficient to cover the costs associated with the 2027 milestones and the Sarfartoq project.
Greenland Mines Ltd has a free float of 65,791,612 shares and 72,491,060 shares outstanding.
This summary was generated by AI from public sources and may contain errors. Not financial advice. Trade at your own risk.