BUZZ - Greenland Mining Company shares rise on direct stock trading

September 23 - ** Greenland Mining (GRML.O) shares rose 11.6% in after-hours trading to $12.49, after the company successfully completed an equity financing.

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

** The company plans to use the net proceeds for Greenland mining operations, general corporate purposes, and working capital needs.

** Last Friday, the United States, Denmark, and Greenland announced that they had reached an agreement (link) on expanding the U.S. military presence in the Danish autonomous territory.

** On Monday, GRML shares more than tripled after the company said it had applied for permits in Greenland (link) to expand the control area of the Sarfartoq rare earth and carbonatite district from 192 kilometers to 454 kilometers.

** On Tuesday, GRML shares (link) extended gains, rising another 50%, while other Greenland-related companies saw their shares decline.

** During Wednesday's regular session, GRML shares closed down about 21% at $11.19.

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