Greenland Energy Company Announces Recommended All-Share Acquisition of 80 Mile plc combination to consolidate 100% ownership of the Jameson Land Basin licenses in Greenland in a single Nasdaq-listed energy and critical minerals company
PR Newswire•12/11/2026•15:45 ET
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Key Highlights
- ➤80 Mile shareholders offered 0.0079485 Greenland Energy shares per share
- ➤£74 million fully diluted valuation implies 71% premium to September 7 closing price
- ➤Combined company would consolidate 100% of Jameson Land Basin licenses
- ➤Greenland Energy shareholders and 80 Mile shareholders each receive approximately 50% ownership
- ➤80 Mile receives access to a £3 million unsecured interim loan from Greenland Energy
Expert Statements
Robert Price, Chief Executive Officer of Greenland Energy
“This combination builds on our existing partnership and brings our respective Jameson Land interests under common ownership. It would simplify the development structure, preserve cash through an all share transaction and provide greater flexibility to prioritize investment across the combined portfolio,”
Greenland Energy Company Announces Recommended All-Share Acquisition of 80 Mile plc combination to consolidate 100% ownership of the Jameson Land Basin licenses in Greenland in a single Nasdaq-listed energy and critical minerals company PR Newswire
DENVER, Nov. 12, 2026 /PRNewswire/ -- Greenland Energy Company (NASDAQ: GLND) ("the Company" or "Greenland Energy"), an oil exploration company focused on East Greenland's Jameson Land Basin, today announced that it has agreed terms for a recommended all-share acquisition of 80 Mile plc (AIM: 80M) ("80 Mile") (the "Combination").
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