Greenland Mines Doubles AnorTech Stake to 19.9%; Extends Critical-Minerals Platform to Smelter-Grade Alumina, Lunar Construction Materials
Key Highlights
- ➤Greenland Mines exercised option to acquire 9.9% of AnorTech for approximately US$5.298 million
- ➤Greenland Mines will own 19.9% of AnorTech after receiving 25,168,669 shares
- ➤AnorTech’s alumina flowsheet demonstrated at laboratory scale; pilot program planned
- ➤AnorTech shipped 15 tons of Gronne Bjerg anorthosite to Ontario for pilot testing
- ➤Option exercise remains subject to TSX Venture Exchange acceptance and customary closing conditions
Expert Statements
Bo Møller Stensgaard, President of Greenland Mines
“Rebuilding America’s aluminum and advanced-materials industries requires secure feedstock and more refining capacity on U.S. soil.”
Bo Møller Stensgaard, President of Greenland Mines
“We see the opportunity to connect Greenland resources with U.S. production of smelter-grade alumina for American aluminum smelters and high-purity alumina for semiconductor and other advanced-materials supply chains.”
Bo Møller Stensgaard, President of Greenland Mines
“The objective is a supply chain from Greenland to the United States that can operate independently of Chinese refining, with more processing, manufacturing and value creation in America.”
Bo Møller Stensgaard, President of Greenland Mines
“That is how feedstock from friendly shores could support greater U.S. industrial self-sufficiency.”
Bo Møller Stensgaard, President of Greenland Mines
“Alongside that U.S. industrial opportunity, AnorTech’s simulants and materials development support research on lunar surface infrastructure and the use of local resources for construction.”
Bo Møller Stensgaard, President of Greenland Mines
“Doubling our position gives Greenland Mines shareholders exposure to this U.S. industrial strategy, alongside longer-term potential in lunar applications.”
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.”
Jim Cambon, President of 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 a material for research into future lunar construction.”
Jim Cambon, President of AnorTech
“We are moving our smelter grade alumina and high purity alumina technologies towards commercialization while continuing our successful test programs on 3D-printable and refractory cements, which may also inform future lunar construction applications.”
Jim Cambon, President of AnorTech
“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.”
Jim Cambon, President of AnorTech
“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.”
Second tranche completes the strategic relationship announced on June 16, 2026, adding exposure to anorthosite — an aluminum-rich rock characteristic of the lunar highlands — for sustainable alumina, refractory systems, lunar regolith simulants and research into 3D-printed lunar construction materials
CHARLOTTE, N.C., Oct. 05, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML; FSE: HK6), a Greenland-focused critical-minerals development company, today announced that it has exercised in full its option to acquire an additional 9.9% of Anortech.
Get started
Create a free account to read the full story.