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Greenland Minerals Limited
(Sydney: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% | |
50 Neutral | AU$408.75M | -4.71 | -111.27% | ― | ― | 66.10% | |
49 Neutral | AU$51.62M | -1.61 | -62.72% | ― | ― | 63.36% | |
48 Neutral | AU$84.78M | 160.00 | 0.85% | ― | -16.97% | -94.15% | |
47 Neutral | AU$267.86M | -36.49 | -24.97% | ― | ― | 15.91% | |
44 Neutral | AU$100.41M | -10.00 | -16.92% | ― | ― | 19.48% |
Greenland Minerals Limited Corporate Events
Energy Transition Minerals Limited has disclosed an administrative oversight relating to a Change of Director’s Interest Notice for Managing Director Daniel Mamadou, after shares in the company were transferred to a nominee account on 14 January 2026. The company emphasised that Mamadou met his obligation to promptly notify the company of the change, and that the delay in lodging the notice with the ASX stemmed from an internal administrative error; ETM has since reviewed and tightened its internal processes to reinforce ongoing compliance with its disclosure obligations, signalling a focus on governance and transparency for investors and regulators.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals Ltd has announced a proposed placement of up to 35,325,638 new fully paid ordinary shares, with a targeted issue date of 1 April 2026. The capital raising, conducted via an ASX-listed securities issue, is intended to strengthen the company’s financial position and provide funding flexibility to advance its portfolio of energy transition mineral projects, with potential implications for existing shareholders through equity dilution and for the company’s ability to progress its strategic growth plans in the critical minerals sector.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals has determined that its strategic relationship with Chinese rare earth group Shenghe, established in 2016 around the Kvanefjeld rare earth project in Greenland, has effectively ceased, and therefore the associated Top-Up Right allowing Shenghe to maintain its 6.5% stake via future equity issues has lapsed. The company will now seek an ASX determination confirming that both the Top-Up Right and the waiver from Listing Rule 6.18 have ceased, a move that, if endorsed, would give ETM greater flexibility in future capital raisings and reflect its pivot away from a single-project rare earth focus toward a broader critical minerals strategy spanning lithium and tin-tantalum-niobium assets in Canada and Spain.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals has secured firm commitments from institutional, professional and sophisticated investors to raise A$24.7 million via a discounted share placement at A$0.13 per share, boosting its pro forma cash position to A$56.59 million and bringing new international institutional investors onto its register. The funds will be used to extend and re-establish on-the-ground activities and infrastructure in Greenland for the Kvanefjeld project, complete the Penouta acquisition and review its operations, advance the company’s US strategy, and maintain reserves for ongoing arbitration and litigation, underscoring Kvanefjeld’s role as a cornerstone project for Greenland’s economy and a key asset in the global shift to sustainable energy technologies.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals Ltd has requested and been granted a trading halt on its securities by the ASX pending the release of an announcement regarding a proposed placement. Trading in the company’s shares will be paused until either the placement announcement is released or normal trading resumes on Friday, 30 January 2026, signalling that the company is preparing a capital raising that could impact its funding position and shareholder dilution, as well as its capacity to advance its energy-transition mineral projects.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals Ltd has applied for the quotation of 2,371,839 new ordinary fully paid shares on the ASX, with an issue date of 27 January 2026. The additional securities, arising from exercised options or converted instruments, incrementally expand the company’s quoted share capital and may modestly enhance liquidity and funding flexibility for its ongoing operations and projects aligned with the energy transition theme.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals reported substantial procedural progress in its long-running legal and arbitration battles over the Kvanefjeld project, with recent rulings in Copenhagen and by the arbitral tribunal clearing the way for the primary case to advance toward a merits hearing in the High Court of Greenland. The company has moved to streamline the litigation by withdrawing Denmark as a party in Greenland, is seeking to have the Danish case stayed, and maintains it has satisfied all statutory, technical and environmental conditions for an exploitation licence, a stance that underscores the project’s potential importance to Greenland and to ETM’s future. At the same time, ETM advanced its diversification strategy by progressing the court-approved acquisition of the Penouta mine in Spain, securing judicial backing, filing key regulatory applications and beginning technical and operational reviews to prepare for a restart, with transaction completion targeted for the second quarter of 2026, which would add a producing tin-tantalum-niobium asset to its portfolio.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals Ltd has notified the market that 1.2 million performance rights (ASX code: ETMAC) lapsed on 11 December 2025 after the conditions attached to those rights were not, or could no longer be, satisfied, resulting in a reduction of potential future equity issuance. The cessation of these performance rights modestly tightens the company’s prospective capital base and may reflect the non-achievement of specified performance or vesting milestones tied to management or employee incentives, with limited immediate impact on existing shareholders but potential implications for future incentive alignment.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals has appointed US public affairs firm Ballard Partners as strategic advisors, strengthening its American presence as it develops supply chains for critical minerals used in the energy transition. Ballard will guide ETM on US and global public policy and regulatory issues affecting the rare earths and critical minerals sectors, support engagement with US investors, and bolster the company’s positioning as an emerging supplier to Western markets; the move complements ETM’s recent engagement of Cohen & Company Capital Markets to advance a planned Nasdaq listing and deepen access to US capital and stakeholders.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals has appointed New York-based investment bank Cohen & Company Capital Markets as its exclusive US financial advisor to assess pathways to a potential Nasdaq listing, including a dual listing or a SPAC business combination. A US listing, if achieved, is expected to provide access to deeper US capital markets, potential valuation uplift, and closer alignment with Western critical minerals and supply chain objectives, though the company stresses there is no certainty any transaction or listing will proceed. To bolster its international profile and political engagement, ETM has expanded its advisory board with former Danish foreign minister Jeppe Kofod and former Danish ambassador Friis Arne Petersen, and is seeking a US-based advisor to strengthen North American outreach. In parallel, legal proceedings over the Kvanefjeld exploitation licence have advanced, with the dispute now moving to a merits hearing before the High Court of Greenland after procedural hurdles were removed and ETM narrowed its claims to focus on the Government of Greenland.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
Energy Transition Minerals Ltd has announced the quotation of 1,800,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 12, 2025. This move signifies a strategic step in enhancing the company’s capital structure, potentially impacting its market positioning and providing opportunities for stakeholders to engage with its growth in the energy transition sector.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
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.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
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.