Greenland Mines Provides Corporate and Operational Update; Announces 1-for-50 Reverse Stock Split

* Two active field programs in Greenland advancing a differentiated North Atlantic critical minerals platform * Reverse stock split intended to support Nasdaq compliance and position the company’s capital structure for its next stage of development NEW YORK, Aug. 20, 2026 (GLOBE NEWSWIRE) -- via IBN -- Greenland Mines Ltd (“Greenland Mines” or the “Company”) (Nasdaq: GRML) today provided an update on its operational progress across its two flagship Greenland projects, Skaergaard and Sarfartoq, and announced that its Board of Directors has approved a 1-for-50 reverse split of the Company’s issued and outstanding common stock.

Greenland Mines has moved quickly to build a differentiated, dual-commodity platform in Greenland spanning precious and platinum group metals at Skaergaard in East Greenland and rare earth magnet materials at Sarfartoq in West Greenland.