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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$66.77M | 126.00 | 0.85% | ― | -16.97% | -94.15% | |
45 Neutral | AU$356.14M | ― | -111.27% | ― | ― | 66.10% | |
41 Neutral | AU$154.44M | ― | -24.97% | ― | ― | 15.91% | |
40 Underperform | AU$43.92M | ― | -62.72% | ― | ― | 63.36% | |
36 Underperform | ― | ― | ― | ― | ― | ― | |
34 Underperform | AU$121.26M | ― | -16.92% | ― | ― | 19.48% |
Greenland Minerals Limited Corporate Events
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.
Energy Transition Minerals Limited has announced progress in its 2025 field exploration program at the Kvanefjeld Rare Earth Element Project in Greenland. The ongoing geological mapping and rock sampling have revealed previously unknown surface expressions of prospective rocks, indicating potential new exploration targets. The program aims to refine geological models and identify new areas of interest within the company’s mineral license. Results from this field season are expected by the end of Q4 2025, potentially impacting the company’s operations and positioning in the rare earth elements market.
Energy Transition Minerals Ltd has announced a change in the director’s interest notice, specifically regarding Mark Saxon. The change involves the acquisition of 351,273 fully paid ordinary shares through participation in a Share Purchase Plan, increasing the total number of shares held by Mr. Saxon and Mrs. Paula Saxon to 851,273. This adjustment in shareholding reflects ongoing investment and confidence in the company’s future prospects.
Energy Transition Minerals Ltd has announced the quotation of 190,476,080 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of September 1, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility of its shares.
Energy Transition Minerals Limited announced the processing of refunds for scale backs and ineligible applications under its Share Purchase Plan (SPP). The company plans to issue new fully paid ordinary shares by September 1, 2025, at a price of $0.042 each, which will rank equally with existing shares. This move is part of the company’s efforts to manage its capital structure and provide opportunities for shareholder investment.
Energy Transition Minerals Limited has successfully raised $8 million through a Share Purchase Plan (SPP), which was heavily oversubscribed, surpassing the initial target of $3 million. This financial boost, alongside a recent $10 million strategic placement, enhances the company’s balance sheet, positioning it strongly to advance its critical minerals development strategy in Europe.
Energy Transition Minerals Ltd has announced a change in the director’s interest, specifically concerning Mark Saxon. The company reported that 4,500,000 Class D Performance Rights held by Saxon expired unexercised on June 24, 2025, due to an administrative oversight. The company assures that it has adequate processes to adhere to continuous disclosure obligations regarding changes in director’s interests.
Energy Transition Minerals Ltd has announced the resignation of Director Xiaolei Guo, effective August 11, 2025. This change in the board may influence the company’s strategic direction, particularly as several performance rights tied to Guo have lapsed upon his resignation, potentially impacting future executive incentives and company operations.
Energy Transition Minerals Ltd announced the issuance of 2,666,668 unquoted performance rights as part of a previously announced transaction. This move is part of the company’s strategic initiatives to enhance its operational capabilities and strengthen its position in the minerals market, potentially impacting its stakeholders by aligning with the growing demand for energy transition minerals.
Energy Transition Minerals Ltd has announced the issuance of 2,666,668 unquoted performance rights as part of a previously disclosed transaction. This move is part of the company’s ongoing strategic initiatives to strengthen its position in the minerals sector, focusing on the transition to sustainable energy solutions.
Energy Transition Minerals Ltd has announced the cessation of 2,666,668 performance rights due to unmet conditions, impacting its issued capital structure. This development may affect the company’s strategic positioning and stakeholder interests as it navigates the evolving energy transition market.
Energy Transition Minerals Ltd (ETM) is currently facing legal challenges regarding its Kvanefjeld Rare Earths Project in Greenland due to the Greenlandic Government’s refusal to grant an exploitation license, influenced by the Uranium Act. Meanwhile, the company has secured the Penouta Mine in Spain, although the mineral resource estimates for this project are considered ‘foreign estimates’ and not yet compliant with the JORC Code. These developments could impact ETM’s operations and its positioning within the critical metals supply chain in Europe.
Energy Transition Minerals Ltd has announced an update to its Share Purchase Plan, adjusting the timetable as per the latest ASX release. This update is part of the company’s ongoing efforts to manage its securities offerings effectively, potentially impacting its market positioning and stakeholder engagement.
Energy Transition Minerals Ltd has announced a proposed issue of securities, specifically 2,666,668 performance rights, set to be issued on August 15, 2025. This move is part of the company’s strategy to enhance its capital structure and support its operations in the minerals sector, potentially impacting its market positioning and stakeholder interests.
Energy Transition Minerals Ltd has announced the appointment of Amy Jiang as a director, effective from August 12, 2025. This appointment is accompanied by the allocation of 2,666,668 performance rights expiring on March 25, 2030, highlighting the company’s strategic focus on enhancing its leadership team to drive future growth.
Energy Transition Minerals Ltd has announced the issuance of 238,095,239 fully paid ordinary shares to OCJ Investment (Australia) Pty Ltd as part of a Subscription Agreement. Additionally, the company is offering a Share Purchase Plan (SPP) to raise up to $3 million, with a revised timetable for the SPP opening on 18 August 2025. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives in the minerals sector.
Energy Transition Minerals Ltd. has successfully completed a $10 million share placement with OCJ Investment (Australia) Pty Ltd, resulting in the appointment of Ms. Amy Jiang as a Non-Executive Director. Ms. Jiang brings extensive experience in the mining and resources sector, having previously served on the board of Red Hawk Mining Ltd. Her expertise in corporate governance and strategic insight is expected to bolster ETM’s efforts in advancing its critical minerals portfolio, aligning with the company’s vision for responsible and innovative growth.
Energy Transition Minerals Ltd. announced the resignation of Mr. Xiaolei Guo as a non-executive director, who was the nominee of Le Shan Shenghe Rare Earth Co. Ltd. Following his resignation, Ms. Gan Lu has been appointed as the new nominee representative director. Ms. Gan brings significant legal and strategic expertise from her role at Shenghe Resources, which is expected to benefit the company’s strategic direction and operations.
Energy Transition Minerals Ltd has issued a retraction regarding the valuation of its Kvanefjeld Project, clarifying that the previously mentioned valuation should not be considered an in situ value. The company is currently engaged in arbitration with the governments of Greenland and Denmark, with potential damages ranging from USD 292 million to USD 7.5 billion, depending on the outcome of the proceedings.
Energy Transition Minerals Ltd has announced the application for quotation of 238,095,239 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating a strategic step in the company’s financial operations, potentially impacting its market presence and stakeholder interests.