BUZZ - Greenland Mining Company’s stock price rises due to direct stock trading

September 23 - ** After completing a capital increase, Greenland Mining (GRML.O) saw its share price surge 11.6% in after-hours trading, closing at $12.49

** GRML disclosed (link) that it raised $38.4 million by selling 3.2 million shares (including pre-funded warrants) to institutional investors through a direct registered offering at $12 per share

** The company plans to use the net proceeds for Greenland Mining operations, general corporate expenses, and working capital

** Last Friday, the United States, Denmark, and Greenland announced an agreement to expand the US military presence in the Danish autonomous territory (link)

** On Monday, GRML share price more than tripled after the company announced it had applied for Greenland permits (link), expanding the controlled area of the Sarfartoq rare earth and carbonatite mining site from 192 kilometers to 454 kilometers

** On Tuesday, the GRML share price (link) continued to rise, up another 50%, while the share prices of other Greenland-related companies declined

** During regular trading on Wednesday, GRML share price fell by about 21%, closing at $11.19

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