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Greenland Mines boosts stake in AnorTech to 19.9% via share option exercise

Market News
09 Nov 2026, 14:30 WIB
GlobeNewsWire
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Greenland Mines boosts stake in AnorTech to 19.9% via share option exercise

Greenland Mines Ltd increased its ownership in AnorTech Inc. to approximately 19.9% by exercising an option to acquire an additional 25.17 million shares at C$0.30 each, totaling about C$7.55 million. This move nearly doubles Greenland Mines' stake from 9.9% to 19.9%, enhancing its influence over AnorTech. The shares are subject to a 60-month lock-up period, and Greenland Mines may adjust its investment based on market and business conditions. This strategic investment aligns with Greenland Mines' focus on critical minerals and supports its broader North Atlantic Critical Metals Corridor strategy.

Greenland Mines Ltd's increased stake in AnorTech Inc. is offered here as context for readers. For those following Basic Materials-sector stocks on Pluang, as of Nov 09, 2026 19:12 WIB, 70 of 83 priced US stocks rose while 7 fell. Among movers, USA Rare Earth Inc. Class A Common Stock (USAR) rose 3.34% to USD 8.50 with a typical hold time of 10 days, Southern Copper Corp (SCCO) increased 3.29% to USD 172.78 with a 64-day hold, and Hecla Mining Company (HL) gained 3.26% to USD 15.22 with a 15-day hold.

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