Klotho Neurosciences to Acquire $68B Greenland Palladium-Gold Project for 93% Stake
Klotho Neurosciences is acquiring Greenland Mines Corp, gaining an 80% interest (with option on remaining 20%) in the Skaergaard Project housing 25.4 Moz PdEq and 23.5 Moz AuEq valued at about $68 billion. Post-deal, former Greenland stakeholders will hold roughly 93% of the combined convertible shares.
1. Acquisition of Greenland Mines Corp
Klotho Neurosciences will acquire Greenland Mines Corp through a convertible preferred stock transaction that grants Greenland stakeholders about 93% of the combined company on an as-converted basis. The deal transforms Klotho into a dual-division entity focused on Natural Resources and Cell and Gene Therapy operations.
2. Skaergaard Project Mineral Resources
The Skaergaard Project in Southeast Greenland hosts indicated and inferred resources of 25.4 million ounces palladium-equivalent and 23.5 million ounces gold-equivalent, with a gross undiscounted in-situ value near $68 billion based on February 2026 metal prices. The deposit remains open in all directions after successive drilling campaigns returned consistent positive grades and widths.
3. Corporate Structure and Management Changes
Post-closing, Klotho’s existing CEO and CFO will continue their roles while Greenland Mines CEO Bo Møller Stensgaard and his leadership team join the Natural Resources division, with one additional board seat added. The company plans to rebrand as Greenland Mines and update its stock ticker in late March 2026, maintaining full NASDAQ listing compliance.