Greenland Mines raises $42 million in $12-per-share registered direct offering
GRML•Offering and proceeds
Greenland Mines priced a registered direct offering at $12 per share, issuing common stock and pre-funded warrants to existing investors.
Proceeds exceeded $42 million, including exercises of previously issued private warrants.
All pre-funded warrants from the registered direct offering have been exercised.
Use of proceeds and financing update
Funding covers planned work to targeted 2027 milestones, prompting termination of the at-the-market offering facility.
