Greenland Mines Granted 180-Day Extension to Regain Nasdaq $1.00 Bid Price Compliance
Greenland Mines received a 180-day extension to September 14, 2026, to meet Nasdaq’s $1.00 bid price requirement after maintaining all listing standards. The company holds an 80% interest in the Skaergaard Project, with 25.4 Moz PdEq and 23.5 Moz AuEq resources valued at $68 billion at Feb. 2026 metal prices.
1. Extension Details
Greenland Mines received formal notification that Nasdaq has granted a 180-day extension through September 14, 2026, to regain compliance with the minimum $1.00 bid price requirement after it met all listing standards.
2. Compliance Requirements
To regain compliance, shares must close at or above $1.00 per share for at least 10 consecutive business days during the extension period, or the company risks delisting.
3. Company Assets
The company holds an 80% interest in the Skaergaard Project, which contains a 2022 NI 43-101 Indicated and Inferred resource of 25.4 Moz PdEq and 23.5 Moz AuEq valued at about $68 billion using February 2026 metal prices, and also operates a cell and gene therapy division targeting ALS.