TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (TSX:MOLY | FSE: M0LY) ("Greenland Resources†or the "Company†) is pleased to announce the government of Greenland has granted the Company exclusive rights of special exploration license MEL-S 2026-07 consisting of 1,147.76 km2 in the Semersooq region surrounding the Company's existing exploitation license for molybdenum and magnesium. The Company now has a dominant mineral licence position in the east coast of Greenland. The new special explor. ...

EAST WINDSOR, N.J., Feb. 23, 2026 /PRNewswire/ -- Greenland Technologies Holding Corporation (Nasdaq: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that its dual-class share structure will become effective on the Nasdaq Capital Market on February 24, 2026. In connection with the implementation of its dual-class share structure, the Company amended and restat ...

Financial Data and Key Metrics Changes - The company reported a total of 7,956,116 ordinary shares issued and outstanding as of December 8, 2025, with 7,956,116 shares represented at the meeting, indicating a quorum of 45.73% of the outstanding shares [6][7]. Business Line Data and Key Metrics Changes - No specific data on business lines or key metrics changes were provided in the meeting records. Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed during the meeting. Company Strategy and Development Direction and Industry Competition - The company proposed a dual class structure for its shares, which includes Class A Ordinary Shares with one vote each and Class B Ordinary Shares with 25 votes each, indicating a strategic move to consolidate control [3]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting. Other Important Information - The meeting included the approval of several resolutions, including the adoption of a new Memorandum of Association, a share capital reorganization proposal, and the appointment of independent auditors for the fiscal year ending December 31, 2025 [2][4][5]. Q&A Session All Questions and Answers Question: Were there any questions submitted during the meeting? - No questions were submitted during the meeting, and the session proceeded directly to voting [9][10].

Financial Data and Key Metrics Changes - The company reported a total of 7,956,116 ordinary shares issued and outstanding as of December 8, 2025, with 45.73% of these shares represented at the meeting [6][7] - Voting results indicated that for the New M&A Adoption Proposal, 7,656,594 votes were in favor, while 2,785,557 votes were against, and 209,665 votes were abstained [10] - The Auditor Ratification Proposal received 79,036,694 votes for, 34,764 votes against, and 14,658 votes abstained, indicating strong shareholder support [12] Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided in the meeting records Market Data and Key Metrics Changes - No specific market data or metrics were discussed in the meeting records Company Strategy and Development Direction - The company proposed a dual class share structure, with Class A Ordinary Shares carrying one vote each and Class B Ordinary Shares carrying 25 votes per share, aimed at enhancing governance and control [3] Management Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting Other Important Information - The meeting included the appointment of new directors and the ratification of the independent registered public accounting firm for the fiscal year ending December 31, 2025 [4][5] Q&A Session Summary Question: Were there any questions from shareholders? - No questions were submitted during the meeting, and the voting proceeded without any inquiries [10]

Financial Data and Key Metrics Changes - The meeting discussed the approval of various resolutions, including the adoption of a new Memorandum of Association and a dual class share structure, which will affect voting rights [2][3][4] Business Line Data and Key Metrics Changes - No specific financial data or business line metrics were provided in the meeting records Market Data and Key Metrics Changes - No specific market data or metrics were discussed in the meeting records Company Strategy and Development Direction and Industry Competition - The company is implementing a dual class share structure to enhance governance and control, which may impact its strategic direction [3] Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during this meeting Other Important Information - The meeting confirmed the appointment of Enrobe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025 [4] Summary of Q&A Session - There were no questions submitted during the Q&A session, and the meeting proceeded directly to voting [9][10]

Core Insights - Greenland Resources Inc. is advancing its Malmbjerg project in Greenland, which focuses on molybdenum and magnesium production, with significant potential for supplying the EU market [1][2] Company Overview - Greenland Resources is a Canadian public company regulated by the Ontario Securities Commission, primarily focused on developing its 100% owned Climax-type primary molybdenum deposit in central east Greenland [2] - The Malmbjerg project features an environmentally friendly open-pit mine design, emphasizing reduced water usage and low ecological disturbance [2] Project Highlights - The Malmbjerg project has a capital expenditure (capex) of US$820 million, with a levered after-tax internal rate of return (IRR) of 33.8% and a payback period of 2.4 years, based on a molybdenum price of US$18 per pound [2] - Proven and probable reserves are estimated at 245 million tonnes with a grade of 0.176% MoS, equating to 571 million pounds of contained molybdenum [2] - The project is expected to produce an average of 32.8 million pounds of molybdenum annually during the first ten years, meeting approximately 25% of the EU's total yearly consumption and 100% of its defense needs [2] Market Context - The EU is the second-largest molybdenum user globally, consuming around 122 million pounds annually, which constitutes 19% of global demand [5] - Molybdenum is critical for enhancing the properties of steel and is essential for various industries, including automotive and defense, which represent about 18% of the EU's GDP [5] Strategic Importance - The Malmbjerg project is recognized as a priority EU project under the European Commission's RESourceEU initiative, highlighting its strategic importance for the EU's raw materials supply [3][4] - The project aims to supply environmentally friendly high-quality primary molybdenum from a responsible source, addressing the EU's reliance on imports, particularly from China [5] Financial and Operational Developments - The company is in discussions with the European Commission, national governments, and financial institutions regarding equity financing and grants for the project [3] - An updated letter of interest from Export Development Canada indicates potential support of up to USD$275 million for the project's development [3] - The company has secured binding long-term offtake agreements with major steel companies across Europe, ensuring price protection and stable demand [3] Future Engagements - Greenland Resources plans to present the Malmbjerg project at the BMO Capital Markets' Global Metals, Mining & Critical Minerals Conference on February 24, 2026, and during Greenland Day at the PDAC on March 2, 2026 [3]

Core Viewpoint - Greenland Technologies Holding Corporation has successfully closed its public offering of 5,083,330 units at a price of $1.20 per unit, raising approximately $6.1 million in gross proceeds for working capital and general corporate purposes [1][2]. Group 1: Offering Details - Each unit consists of one ordinary share and four-fifths of one warrant, with each whole warrant exercisable for one ordinary share [1]. - The warrants are immediately exercisable at an exercise price of $1.20 per share and will expire three years from the date of issuance [2]. - The offering was conducted on a firm commitment basis, with Joseph Stone Capital, LLC serving as the sole underwriter [3]. Group 2: Regulatory and Legal Information - The offering was made pursuant to a registration statement on Form S-1, which was declared effective by the SEC on January 26, 2026 [4]. - A final prospectus related to the offering has been filed with the SEC and is available on the SEC's website [4]. Group 3: Company Overview - Greenland Technologies Holding Corporation is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles [6].

Group 1 - Greenland Technologies Holding Corporation announced the pricing of its underwritten public offering of 5,083,330 units at a public offering price of $1.20 per unit [1] - Each unit consists of one ordinary share and four-fifths of one warrant, with each whole warrant exercisable for one ordinary share [1][2] - The gross proceeds from the offering are expected to be approximately $6.1 million, intended for working capital and general corporate purposes [2] Group 2 - The offering is expected to close on or about January 29, 2026, subject to customary closing conditions, with Joseph Stone Capital, LLC acting as the sole underwriter [3] - The offering is made pursuant to a registration statement on Form S-1, which was declared effective by the SEC on January 26, 2026 [4] - A final prospectus related to the offering will be filed with the SEC and will be available on the SEC's website [4] Group 3 - Greenland Technologies is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles [6]

Group 1 - The article discusses the role of Steven Cress as the Head of Quantitative Strategies at Seeking Alpha, highlighting his management of quant ratings and factor grades for stocks and ETFs [1] - Cress leads the Alpha Picks initiative, which identifies two attractive stocks for purchase each month and determines optimal selling times [1] - The article notes a recent rally in stocks following President Trump's announcement that the U.S. would not use force to acquire Greenland and his decision to roll back tariff threats on European goods [1] Group 2 - Cress emphasizes a data-driven approach to investment, aiming to eliminate emotional biases and simplify complex research through sophisticated algorithms [1] - The Seeking Alpha Quant Rating system, created by Cress, is designed to interpret data for investors and provide insights on investment directions [1] - Cress has over 30 years of experience in equity research, quantitative strategies, and portfolio management, positioning him as a knowledgeable figure in investment discussions [1]

Core Viewpoint - The market experienced a downturn due to concerns over tariffs and uncertainties related to the situation in Greenland [1] Group 1 - The situation in Greenland has led to a market shock, causing a decline in various sectors [1]