EL7.AI
StocksMedium•9 November 2026•
1 min read

Greenland Mines Increases Stake in AnorTech to 19.9% via Option Exercise

Key Facts

1Greenland Mines announced it has increased its ownership interest in AnorTech Inc. to approximately 19.9%.
2The stake increase was achieved through the exercise of an option to acquire additional common shares of AnorTech.

Greenland Mines announced it has increased its ownership interest in AnorTech Inc. to approximately 19.9%. GlobeNewswire reported that the stake increase was achieved through the exercise of an option to acquire 25,168,669 additional common shares of AnorTech from treasury at a deemed price of C$0.30 per share. The aggregate consideration for the shares was approximately C$7,550,600, which was satisfied through the issuance of 1,133,268 common shares of Greenland Mines to AnorTech.

GRML closed at $3.84 on November 6, 2026, with the session seeing a high of $3.86 and a low of $3.62. This transaction represents an increase of approximately 10.0 percentage points in ownership, as Greenland Mines previously held 19,958,503 shares representing approximately 9.9% of AnorTech's issued and outstanding common shares prior to the exercise on November 6, 2026.

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