Greenland Energy Co

Greenland Energy Co's Board of Directors designated Mr. Roderick McIllree as "Managing Director" effective July 3, 2026. In this role, Mr. McIllree will provide strategic oversight and direction for the Company's activities in Greenland, focusing on permitting, regulatory engagement, and stakeholder relations for the Jameson Land Basin project. The Company clarified that this designation does not make him an officer or employee, and he maintains his independent director status, with compensation limited to director fees.

Greenland Energy Company has released an updated investor presentation detailing its Jameson Land Basin opportunity in East Greenland. The company is advancing its Phase I exploration program, with OPW-1 drilling expected in Q4 2026 and OPW-6 in Q1 2027. The program is fully funded by approximately $80 million raised in the past 12 months, with estimated costs of $40 million for Well 1 and $20 million for Well 2. The presentation highlights a potential of up to 13.0 billion barrels of gross un-risked 3U prospective recoverable oil and outlines partnerships for execution.

Greenland Energy Company announced the appointment of Carol Craig to its Board of Directors and Audit Committee, effective June 5, 2026. She fills the vacancy left by Daniel M. McCabe, who resigned without disagreement. Ms. Craig brings extensive experience as the founder, CEO, and Chair of Sidus Space, Inc., a space and defense technology company, and previously founded Craig Technologies, an aerospace and defense engineering firm. She is deemed an independent director.

Greenland Energy Company announced the availability of an updated investor presentation detailing its strategy for the Jameson Land Basin opportunity in East Greenland. The presentation highlights the potential for up to 13.0 billion barrels of gross un-risked prospective recoverable oil and the company's rights to earn up to a 70% working interest through funded drilling milestones. Key execution partners have been secured, and field readiness activities are advancing for the targeted 2026 drilling window for OPW-1 and OPW-6.

Greenland Energy completed a public offering on April 29, 2026, raising approximately $70 million in gross proceeds to fund exploration activities and general corporate purposes. For the three months ended March 31, 2026, the exploration-stage company reported a net loss of $0.82 million, or $0.04 per share, with no revenue generated. The company also disclosed a material weakness in internal control over financial reporting, which management is actively addressing.

Greenland Energy Company (GLND) announced the closing of a public offering on April 29, 2026, raising approximately $70 million in gross proceeds. The offering included common stock, pre-funded warrants, and common warrants. The company intends to use the net proceeds for general corporate purposes, specifically to fully fund its exploration plan in the Jameson Land Basin, including procurement and mobilization for planned drilling operations in October 2026.

Greenland Energy Company (GLND) announced its Arctic exploration strategy in Greenland's Jameson Land Basin, aiming for up to 13 billion barrels of oil. The company plans to drill two wells later this year, anticipating up to a 70% working interest. This strategy is bolstered by a new agreement with Halliburton Company for integrated consulting, drilling, and logistical support for its 2026 exploration campaign, aligning with global calls for Western energy security amid geopolitical instability.

Greenland Energy Company (GLND) announced a significant agreement with Halliburton for integrated consulting services and logistical management. This deal will provide comprehensive well and drilling services for GLND's onshore exploration campaign in the Jameson Land Basin, a promising unexplored oil basin. The agreement is a pivotal step in the company's integrated Arctic operations strategy, complementing existing partnerships and aiming to enhance drilling accuracy, safety, and efficiency. GLND anticipates drilling its first two wells in 2026.

Greenland Energy Company (GLND) filed an S-1/A for a public offering of up to 8,101,852 shares of common stock, 8,101,852 common warrants, and 8,101,852 pre-funded warrants. The combined public offering price for each common stock share and one common warrant is $8.64. Concurrently, the company is registering the resale of 14,196,822 shares of common stock and 750,000 warrants by selling stockholders. GLND is an exploration-stage oil and gas company focused on the Jameson Land Basin in East Greenland, with estimated potential resources of 13 billion barrels of oil. Proceeds from the offering will fund initial exploration and drilling.

Greenland Energy Co (GLND) filed an S-1 amendment for a public offering of up to 8,101,852 common shares and an equal number of common warrants, priced at $8.64 per unit. Pre-funded warrants are also offered. Concurrently, the company is registering the resale of 14,196,822 common shares and 750,000 warrants by selling stockholders. GLND is an exploration-stage oil and gas company targeting the Jameson Land Basin in East Greenland, with estimated potential resources of 13 billion barrels of oil. Proceeds will fund initial exploration and drilling of three wells.