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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 20.00K | 53.00K | 372.00K | 72.00K |
| Gross Profit | -99.00K | -263.00K | -440.00K | 104.00K | -179.00K |
| EBITDA | -12.64M | -5.68M | -6.19M | -6.05M | -92.86M |
| Net Income | -11.80M | -5.96M | -6.11M | -6.12M | -93.14M |
Balance Sheet | |||||
| Total Assets | 39.04M | 17.27M | 22.31M | 29.31M | 31.78M |
| Cash, Cash Equivalents and Short-Term Investments | 31.82M | 11.98M | 16.15M | 24.95M | 30.31M |
| Total Debt | 0.00 | 34.00K | 270.00K | 1.08M | 751.00K |
| Total Liabilities | 6.17M | 1.59M | 1.49M | 3.98M | 1.90M |
| Stockholders Equity | 32.86M | 15.68M | 20.82M | 25.33M | 29.88M |
Cash Flow | |||||
| Free Cash Flow | -5.57M | -4.78M | -8.44M | -5.16M | -6.34M |
| Operating Cash Flow | -5.35M | -3.83M | -6.82M | -4.99M | -3.23M |
| Investing Cash Flow | -2.17M | -439.00K | -1.62M | -60.00K | -3.02M |
| Financing Cash Flow | 27.35M | 113.00K | -362.00K | -200.00K | 209.00K |
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% | |
54 Neutral | AU$101.74M | 2.16 | 0.85% | ― | -16.97% | -94.15% | |
50 Neutral | AU$417.50M | -0.97 | -111.27% | ― | ― | 66.10% | |
49 Neutral | AU$43.92M | -25.46 | -62.72% | ― | ― | 63.36% | |
44 Neutral | AU$82.60M | -7.37 | -16.92% | ― | ― | 19.48% | |
43 Neutral | AU$208.82M | -13.08 | -24.97% | ― | ― | 15.91% |
Greenland Minerals Limited Corporate Events
Energy Transition Minerals has provided an update on its arbitration dispute over licence rights for the Kvanefjeld rare earths project, confirming that key legal questions around its right to an exploitation licence and the applicability of Greenland’s Uranium Act will now be determined by the Danish and Greenlandic courts. The arbitration tribunal’s jurisdiction ruling ends the preliminary phase and preserves GM’s contractual breach and damages claims for a later stage, while the arbitration itself will be stayed pending court outcomes.
The tribunal has ordered GM to pay costs of about EUR 1.23 million to Denmark and EUR 1.92 million to the Greenland government, an outcome the company disputes as inconsistent with the acknowledged ambiguity of the arbitration clause and the fact that the merits of its claims remain unresolved. ETM says the costs decision, and the prolonged focus on jurisdiction and procedure, raise concerns about Greenland’s investment climate for major mining projects, even as the company maintains confidence in its legal position and continues to pursue exploitation rights for Kvanefjeld within its existing financial risk framework.
The most recent analyst rating on (AU:ETM) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on Greenland Minerals Limited stock, see the AU:ETM Stock Forecast page.
S&P Dow Jones Indices has announced the March 2026 quarterly rebalance of its S&P/ASX index suite, reshaping membership across the flagship 20, 50, 100, 200 and 300 benchmarks effective before trading on March 23. The changes reflect shifts in company size and market characteristics, with multiple additions from resources, energy and technology-related names, and removals spanning financials, infrastructure, and diversified industrials.
The rebalance elevates Northern Star Resources into the blue-chip S&P/ASX 20 and introduces Light & Wonder and PLS Group to the S&P/ASX 50, while Lendlease, Netwealth and Pinnacle Investment Management exit the S&P/ASX 100. Further down the capitalization spectrum, new entrants such as Predictive Discovery, Vulcan Energy Resources, Arafura Rare Earths and several metals and mining stocks join the S&P/ASX 200 and 300, changes likely to influence index-tracking fund flows and portfolio reallocations across the Australian equity market.
The most recent analyst rating on (AU:ETM) stock is a Sell with a A$0.10 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 called an extraordinary general meeting of shareholders to be held on 7 April 2026 in Sydney, with eligibility to vote determined at 7 pm AEST on 5 April 2026. Shareholders are encouraged to vote via directed proxy, and all resolutions at the meeting will be decided by poll.
The key agenda item seeks shareholder ratification of a prior issue of 170,150,592 placement shares under ASX Listing Rule 7.1, which were issued as part of a capital raising. Approval would refresh the company’s placement capacity under ASX rules, preserving flexibility for future equity funding and potentially influencing its ability to finance ongoing projects and strategic initiatives.
The most recent analyst rating on (AU:ETM) stock is a Sell with a A$0.10 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 reported a change in the form of director Daniel Mamadou Blanco’s indirect interest in the company, involving securities held via BNP Paribas Securities Services Australia as custodian for DBS Ltd private banking clients. The off-market transfer shifted shares from Blanco’s individual account into a nominee account, increasing the custodian-held stake to 17,333,333 shares while leaving his performance rights unchanged and not altering the overall economic exposure or total number of securities.
The transaction did not involve any on-market buying or selling, no consideration was paid, and there was no change in Blanco’s contractual interests. The company confirmed that the transfer did not occur during a closed period requiring prior written clearance, suggesting the move is administrative in nature rather than a signal of a change in strategic or financial position for the director or the company.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 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 outlined its current project portfolio and reporting status in a presentation to investors dated 19 January 2026. The company confirms that the Kvanefjeld rare earths mineral resource estimate remains unchanged since 2015, while its Greenland subsidiary continues arbitration and litigation with the governments of Greenland and Denmark over the refusal of an exploitation licence following the Uranium Act.
The company also reiterates that mineral resource estimates for the Penouta tin-tantalum-niobium project in Spain are classified as foreign estimates under Canadian NI 43-101 standards and are not yet JORC-compliant. ETM states it has no new information that would materially affect these foreign estimates or their reliability and stresses that further work is required before they can be reported as JORC Code mineral resources, highlighting ongoing regulatory and classification risks for stakeholders.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 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 completed a capital raising of approximately A$24.65 million through the issue of 189.6 million new fully paid ordinary shares at A$0.13 each to institutional, professional and sophisticated investors under its ASX Listing Rule placement capacity. The company has confirmed that the shares were issued without a prospectus in accordance with the Corporations Act cleansing provisions and stated it remains compliant with its continuous disclosure obligations, while flagging that confidential and unresolved matters related to its prior announcement on Shenghe’s top-up right may lead to further updates, a development that could have implications for its rare earths partnership and broader strategic positioning.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 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 to the ASX for quotation of 189,615,384 new ordinary fully paid shares, expanding its issued capital base. The move, formalised via an Appendix 2A filing, reflects the latest step in previously announced transactions and is likely to increase the company’s market liquidity and broaden its shareholder base, with implications for existing investors’ dilution and the company’s capacity to fund its strategic activities in the energy transition minerals sector.
The most recent analyst rating on (AU:ETM) stock is a Hold with a A$0.13 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 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.