AnorTech Secures Strategic Cornerstone as Greenland Mines Doubles Stake to 19.9%

Jim Cambon, President of AnorTech

“Greenland Mines’ decision to exercise its option in full is a strong endorsement of what we are building at AnorTech. Greenland Mines understands the value we are creating from Greenland anorthosite and its exciting future as a key component in the aluminum critical mineral supply chain and as the primary material for lunar project development. We are moving our smelter grade alumina and high purity aluminum technologies towards commercialization while continuing to advance our anorthosite lunar applications with successful test programs on both 3D-printable and refractory cements. We are working with a number of groups in the space industry who are using our anorthosite as a lunar simulant and we expect this sector to grow as lunar programs ramp up. We look forward to maximizing the synergies between our companies and working with Greenland Mines as a strategic shareholder as we advance our lunar materials, smelter grade alumina and high purity alumina programs.”

Bo Møller Stensgaard, President of Greenland Mines

“In June we said this investment was about moving into the midstream of the critical-materials value chain. Since then, it has become clear that AnorTech’s anorthosite is also relevant to a value chain that is about to grow significantly — the industrial supply chain of the Moon. The lunar highlands, where future space missions are planned to land, are comprised largely of anorthosite. Every landing pad, habitat wall, radiation shield and tonne of aluminum that will one day be produced from lunar regolith starts with the same rock AnorTech is developing at Gronne Bjerg. Doubling our position gives Greenland Mines shareholders exposure to zero-waste smelter grade alumina and high purity alumina on Earth and to the materials science of building the Moon with the Moon itself. Aluminum is designated as a critical metal in the United States and Canada and AnorTech’s alumina could support both the aluminum smelters in the United States and semiconductor manufacturers who require high purity alumina. Greenland’s strategic importance to the United States and its allies was underscored by the security agreement signed by the United States, Denmark and Greenland on September 22, 2026; we believe AnorTech’s anorthosite is strategically important a great deal further from home too.”