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Greenland Minerals Limited
(OTC:ETM)
Greenland Minerals Limited (ETM) vs. iShares MSCI Australia ETF (EWA)
Greenland Minerals Limited Business Overview & Revenue Model
Greenland Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00K | 20.00K | 53.00K | 372.00K | 72.00K | 121.00K |
| Gross Profit | -76.00K | -263.00K | -440.00K | 104.00K | -179.00K | -129.00K |
| EBITDA | -5.95M | -5.68M | -6.19M | -6.05M | -92.86M | -2.80M |
| Net Income | -5.37M | -5.96M | -6.11M | -6.12M | -93.14M | -3.08M |
Balance Sheet | ||||||
| Total Assets | 23.94M | 17.27M | 22.31M | 29.31M | 31.78M | 127.27M |
| Cash, Cash Equivalents and Short-Term Investments | 18.48M | 11.98M | 16.15M | 24.95M | 30.31M | 36.44M |
| Total Debt | 0.00 | 34.00K | 270.00K | 1.08M | 751.00K | 490.00K |
| Total Liabilities | 337.00K | 1.59M | 1.49M | 3.98M | 1.90M | 2.50M |
| Stockholders Equity | 23.60M | 15.68M | 20.82M | 25.33M | 29.88M | 124.77M |
Cash Flow | ||||||
| Free Cash Flow | -5.08M | -4.78M | -8.44M | -5.16M | -6.34M | -3.99M |
| Operating Cash Flow | -4.51M | -3.83M | -6.82M | -4.99M | -3.23M | -1.46M |
| Investing Cash Flow | -279.00K | -439.00K | -1.62M | -60.00K | -3.02M | -2.48M |
| Financing Cash Flow | 8.86M | 113.00K | -362.00K | -200.00K | 209.00K | 31.83M |
Greenland Minerals Limited Technical Analysis
Greenland Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$71.01M | 134.00 | 0.85% | ― | -16.97% | -94.15% | |
45 Neutral | AU$150.62M | -20.54 | -24.97% | ― | ― | 15.91% | |
41 Neutral | AU$283.28M | -3.31 | -111.27% | ― | ― | 66.10% | |
40 Underperform | AU$40.84M | -1.27 | -62.72% | ― | ― | 63.36% | |
36 Underperform | ― | ― | ― | ― | ― | ― | |
34 Underperform | AU$105.20M | -10.48 | -16.92% | ― | ― | 19.48% |
Greenland Minerals Limited Corporate Events
Energy Transition Minerals Ltd has provided an update on the legal proceedings concerning the Kvanefjeld Project in Greenland. The company has taken steps to expedite the case by requesting Denmark’s withdrawal, aiming to advance to the substantive merits phase. Despite these efforts, procedural delays continue as the Government of Greenland has requested a postponement of the next steps to January 2026. ETM remains confident in its legal position and readiness to proceed once the court is prepared.
Energy Transition Minerals Ltd has appointed Stuart Ausmeier as its new Chief Financial Officer, effective December 1, 2025. With over 23 years of experience in mining and corporate finance, Ausmeier’s expertise is expected to bolster ETM’s growth strategy, particularly in optimizing capital allocation and supporting project execution in Spain and Greenland. This strategic appointment underscores the company’s commitment to enhancing its operational capabilities and maximizing shareholder returns.
Energy Transition Minerals Ltd (ETM) has taken a significant step in advancing its legal claim regarding the Kvanefjeld Project in Greenland by requesting the High Court of Greenland to remove Denmark as a party to the case. This action follows recent legal clarifications and aims to clear procedural hurdles, allowing ETM to argue its case substantively. The company asserts its right to an exploitation license for one of the world’s largest rare earth deposits, a claim that has been delayed due to Greenland’s 2021 Uranium Act. ETM’s pursuit of this license highlights broader issues of international investment protection and the security of rare earth supplies, which are vital for clean energy and technology industries.
Energy Transition Minerals Ltd is currently facing legal challenges with the Governments of Greenland and Denmark regarding the Kvanefjeld Rare Earths Project due to the Uranium Act, which has implications for the project’s exploitation license. Additionally, the company has secured the Penouta Mine in Spain, although the mineral resource estimates for this project are considered foreign and not yet compliant with the JORC Code, indicating potential uncertainties in resource classification.
Energy Transition Minerals Ltd has received a favorable ruling from the Copenhagen City Court, allowing it to pursue an exploitation license for the Kvanefjeld project and potential damages claims against the Governments of Greenland and Denmark. This decision removes procedural barriers and marks a significant step forward in a case that tests the commitment to the rule of law in the global race for critical minerals. The ruling enables the company to advance its claims efficiently, with the main case proceeding in Greenland and a subsequent case potentially in Denmark, bringing long-awaited legal certainty to the process.
Energy Transition Minerals Ltd has appointed former Danish Minister for Foreign Affairs, Mr. Jeppe Kofod, and former Danish Ambassador to the United States, Mr. Friis Arne Petersen, to its newly established Advisory Board. This move is part of ETM’s strategy to enhance its mineral development activities in Greenland, particularly the Kvanefjeld Rare Earths Project, which is one of the largest undeveloped rare earths projects globally. The appointments are expected to strengthen ETM’s engagement with Greenlandic and Danish stakeholders, providing strategic advice on policy and international cooperation. These appointments underscore ETM’s commitment to a development strategy that is transparent, responsible, and locally anchored, aligning with both international standards and local expectations, and are seen as a step towards realizing the project’s potential to contribute to Greenland’s economic independence and the global green transition.
Energy Transition Minerals Ltd’s subsidiary, Greenland Minerals A/S, is engaged in arbitration with the Government of Greenland over the Kvanefjeld Project, a significant rare earth elements deposit. The Arbitration Tribunal has clarified jurisdictional matters, allowing the case to proceed in court regarding the exploitation license, while arbitration on contract breach and damages may continue later. This development is crucial for ETM’s efforts to advance the project, which holds potential economic and strategic value for Greenland and the global renewable energy sector.
Energy Transition Minerals Limited has received judicial approval to acquire the Penouta Tin-Tantalum-Niobium Mine in Spain for €5.2 million. This acquisition is strategically significant as Penouta is the only developed tin-tantalum-niobium project in the EU, aligning with Europe’s goals for critical mineral production. The transaction diversifies ETM’s portfolio, offering early cash flow potential and supporting its vision to be a leading critical minerals developer.
Energy Transition Minerals Ltd has requested a trading halt on its securities pending an announcement regarding the acquisition of the Penouta Tin-Tantalum-Niobium Mine in Spain. This move indicates a strategic development in the company’s operations, potentially impacting its market positioning and stakeholder interests.
Energy Transition Minerals Limited has provided an update on the legal proceedings involving its subsidiary, Greenland Minerals A/S, and the Governments of Greenland and Denmark concerning the Kvanefjeld Rare Earths Project. The Copenhagen District Court has decided to proceed with the Danish litigation without delay, focusing on jurisdictional matters regarding Greenlandic entities. ETM is committed to advancing the project and maintaining transparency with its stakeholders as the legal process unfolds.
Energy Transition Minerals Ltd has provided an update on its legal proceedings concerning the Kvanefjeld Rare Earths Project in Greenland. The company is involved in arbitration with the Governments of Greenland and Denmark following the introduction of the Uranium Act, which affected its exploitation license rights. A decision from the Arbitral Tribunal on jurisdiction is expected in Q4 2025, which will determine the future course of the arbitration. Additionally, litigation processes are ongoing in both Greenland and Denmark, with the Greenland High Court expected to manage the case timetable by late 2025. Despite the lack of substantive defense from the governments involved, ETM remains committed to advancing the project and ensuring clarity for its stakeholders.
Energy Transition Minerals Ltd has released its 2025 Interim Financial Report, detailing the company’s financial performance and position. The report includes comprehensive financial statements and declarations, reflecting the company’s ongoing commitment to transparency and accountability in its operations. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic positioning in the energy transition minerals market.