{"url_path":"/sec/grmlw/8-k/2026-05-21/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into Material Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1907223/0001213900-26-059864-index.html","accession_number":"0001213900-26-059864","cik":"0001907223","ticker":"GRML","issuer_name":"Greenland Mines Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1907223/0001213900-26-059864-index.html","primary_entity_key":"0001907223","primary_entity_name":"Greenland Mines Ltd"},"word_count":261,"has_tables":true,"body_markdown":"**Item\n1.01 - Entry into Material Agreement**\n\n** **\n\nOn\nMay 20, 2026, Greenland Mines Ltd (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”)\nwith Neo North Star Resources, Inc, a Delaware corporation (“Neo North Star”) and the stockholders of Neo North Star. Pursuant\nto the terms of the Merger Agreement, at the closing, Neo North Star will merge into Greenland Rare Earths Corp., a Delaware corporation\nand wholly owned subsidiary of the Company (“Merger Sub”), with Merger Sub being the surviving entity. Pursuant to the Merger\nAgreement, as consideration for the Merger, at the closing, the stockholders of Neo North Star will receive a total of $35,000,000 payable\nin the form of $20,000,000 in cash and $15,000,000 in newly issued shares of the Company’s common stock to be valued at a price\nper share equal to the volume-weighted average trading price of such shares for the twenty (20) trading days immediately preceding the\ndate of execution of the Merger Agreement. The Merger Agreement contains customary representations and warranties of the parties.\n\n \n\nThe\nclosing of the Merger Agreement is subject to customary closing and is also subject to the approval from the government of\nGreenland under section 69 of the Greenland Mineral Activities Act to the indirect transfer of the mineral rights currently held by\nNeo North Star.\n\n \n\nThe\nforegoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger\nAgreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference."}