Greenland Mines Ltd. (the “Company”) filed a Current Report on Form 8-K dated November 6, 2026, disclosing a series of equity transactions involving the acquisition of shares in AnorTech Inc. and a subscription agreement with Battery Mineral Resources Corp.
Under the terms of the Share Exchange Agreement dated June 15, 2026, the Company exercised an option to purchase 25,168,669 shares of AnorTech common stock. The total purchase price for these shares was C$7,550,601. To satisfy this payment, Greenland Mines issued 1,133,268 newly issued shares of its own common stock to AnorTech.
In a separate transaction on the same date, the Company entered into a Subscription Agreement with Battery Mineral Resources Corp. (“BMR”). Pursuant to this agreement, Greenland Mines agreed to purchase 7,000,000 shares of BMR common stock at a price of C$0.20 per share. The aggregate purchase price tendered for this transaction was C$1,400,000.
The Subscription Agreement is subject to approval by the TSX Venture Exchange. The filing notes that if the closing of this agreement has not occurred within 60 days, Greenland Mines retains the right to terminate the agreement and recover the amount tendered without interest.
Additionally, the Company reported the issuance of 1,133,268 shares of its common stock to AnorTech. This issuance was made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D, and was conducted without general solicitation or advertising.
