On March 23, 2026, Greenland Mines Ltd (Nasdaq: GRLM) announced that it has received formal notification from The Nasdaq Stock Market LLC granting the company an additional 180-day period, extending until September 14, 2026, to regain compliance with Nasdaq's minimum bid price requirement. This extension reflects Nasdaq's determination that Greenland Mines meets all other applicable listing requirements, including those related to market value of publicly held shares and other continued listing standards. The company must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the compliance period to regain compliance with Nasdaq's requirements. Greenland Mines remains committed to maintaining its Nasdaq listing and advancing the development of its strategic mineral resources and cell and gene therapy assets. The company is focused on the exploration and development of the Skaergaard Project in Southeast Greenland, which is one of the largest undeveloped palladium, gold, and platinum deposits in the world. The announcement is seen as a positive step for the company, as it provides additional time to meet the necessary compliance requirements and continue its operational strategies without the immediate threat of delisting.

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