Greenland Mines Completes $35 Million Acquisition of Neo North Star Resources

09:16 AM EDT, 09/02/2026 (MT Newswires) -- Greenland Mines (GRML) said Wednesday that it has completed its $35 million acquisition of Neo North Star Resources. The acquisition includes the Sarfartoq Nd-Pr Rare Earths Project in Greenland, which the company said has an estimated pre-tax net present value of approximately $2.05 billion, and a pretax internal rate of return of 118.6%. The deal consists of $20 million in cash and $15 million in Greenland Mines shares. Shares of Greenland Mines were up over 3% pre-bell Wednesday. Price: 4.83, Change: +0.18, Percent Change: +3.88