Greenland Mines Ltd ("Greenland Mines" or the "Company") (NASDAQ:GRML, FSE: HK6)), a Greenland-focused critical-minerals developer, today announced that its Board of Directors has authorized a $20 million share repurchase program as part of an updated capital allocation strategy focused on advancing its core mineral projects, maintaining strong liquidity, and maximizing long-term shareholder value.

Following the Company’s recent raising of more than $59 million in new capital, Greenland Mines believes it is well positioned to fund planned work at Sarfartoq and Skaergaard through targeted 2027 milestones while maintaining the financial flexibility to opportunistically repurchase shares. The Company will continue to prioritize drilling, technical studies, metallurgy, environmental programs and permitting, while evaluating strategic investments and partnerships supporting its North Atlantic Critical Metals Corridor strategy.

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