Greenland Mines (NASDAQ: GRML) has entered into a strategic share exchange agreement with AnorTech Inc., acquiring an initial 9.9% equity interest in the Greenland-focused technology and resource development company. The company also holds an option to increase its ownership to as much as 19.9% within six months, according to a press release issued June 17, 2026.
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. These technologies are derived from AnorTech’s Gronne Bjerg anorthosite project in Greenland.
Greenland Mines said the transaction expands its 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. This process addresses environmental concerns associated with traditional alumina production, which generates significant waste.
The transaction is expected to close by June 30, subject to customary closing conditions, including acceptance by the TSX Venture Exchange. For more details on the original press release, visit https://ibn.fm/uIGCl.
This move is significant for leaders in the business and technology sectors as it signals a shift toward vertical integration in the critical materials supply chain. By investing in AnorTech’s processing technology, Greenland Mines is positioning itself to capture value beyond mining, potentially reducing dependence on traditional refining methods that are often concentrated in a few countries. The elimination of bauxite-residue tailings could also appeal to environmentally conscious investors and regulators.
Greenland Mines operates two divisions: Mining, focused on the Skaergaard Project and the Sarfartoq neodymium-praseodymium rare earths project; and Biotech, including Klotho’s KLTO-202 primary indication for ALS. The company’s strategy centers on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and selected midstream processing opportunities. For more information about GRML, visit https://greenlandmines.com/.
The investment in AnorTech aligns with global trends toward securing critical mineral supply chains, particularly for materials used in electric vehicles, renewable energy, and advanced manufacturing. As nations seek to diversify sources of alumina and rare earths, Greenland’s resources and innovative processing methods could become increasingly important. The option to increase ownership to 19.9% within six months gives Greenland Mines flexibility to deepen its involvement based on AnorTech’s progress.
The latest news and updates relating to GRML are available in the company’s newsroom at https://ibn.fm/GRML.
