• Greenland Mines closed its acquisition of the Sarfartoq Nd-Pr rare earths project in southwest Greenland on Sept. 1, 2026.
• Deal consideration: USD 20 million cash; USD 15 million in securities value for Neo North Star Resources.
• Transaction adds a rare earth magnet supply asset; planned ST1 output targets about 34% of NdPr oxide refined outside China.
• Initial Assessment high case shows pre-tax NPV of about USD 2.05 billion; pre-tax IRR of 118.6%.
• Neo Performance Materials becomes a strategic shareholder; retains offtake rights for up to 60% of future Sarfartoq production.

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 GlobeNewswire (Ref. ID: 202609020900PRIMZONECNPR____9819900) on September 02, 2026, and is solely responsible for the information contained therein.