• Greenland Mines posted a net loss of USD 14.08 million for the quarter ended March 31, 2026, widening from a loss of USD 2.12 million a year earlier.
• Operating expenses climbed to USD 9.51 million from USD 1.59 million, while the company reported no revenue.
• Net cash used in operating activities rose to USD 4.97 million from USD 1.55 million; cash and cash equivalents ended the quarter at USD 10 million.
• Completed the acquisition of Greenland Mines Corp. on March 4, 2026, gaining an interest in the Skaergaard Project in eastern Greenland and adding a mining segment alongside biotech.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Mines Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-059581), on May 20, 2026, and is solely responsible for the information contained therein.