Greenland Mines Ltd.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $26.0M
- Price
- $0.1724
- % Change (Daily % change from the live per-ticker quote feed.)
- +3.89%
- Volume
- 1.9M
About
Greenland Mines Ltd. (GRML) focuses on developing innovative therapeutic solutions to combat neurodegenerative diseases. The company's primary treatment modalities involve cutting-edge cell and gene therapies. Joseph Sinkule founded this enterprise on August 2, 2004, and its corporate operations are based in Omaha, Nebraska.
Quick stats
Shares outstanding150.5M
Computed float100.8M
Float / shares67.0%
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001907223
Websitehttps://greenlandmines.com
AI Summary
AI-generated1/50
majorbearishreverse split
Greenland Mines Provides Corporate and Operational Update; Announces 1-for-50 Reverse Stock Split
Greenland Mines announced a 1-for-50 reverse stock split effective August 24, 2026, aimed at regaining compliance with Nasdaq's minimum bid price requirement and reducing shares outstanding from approximately 158.9 million to 3.2 million.
Operationally, the company reported progress at its Skaergaard project where an updated S-K 1300 Technical Report showed Indicated PdEq grade increasing 36% and contained ounces rising 31%, now containing approximately 7.6 million ounces of palladium and 3.2 million ounces of gold.
At the Sarfartoq project, subject to closing of the acquisition, Greenland Mines plans to launch geological mapping in September and has engaged WSP Denmark for environmental baseline work while securing a First Right of Refusal on the Helguvik industrial complex in Iceland.
Red flags
- 1-for-50 reverse stock split indicates significant pressure to maintain Nasdaq listing compliance
- Company remains pre-revenue with projects in exploration and development stage