Mr. Jim Cambon reports

ANORTECH TO RECEIVE CASH AND EQUITY FROM CORPORATE TRANSACTION ON THE SARFARTOQ RARE EARTH PROJECT

A definitive agreement has been entered into between Greenland Mines (Nasdaq: GRML) and Neo Performance Materials, pursuant to which Greenland Mines will acquire the Sarfartoq rare-earth project for total consideration of $35-million (U.S.), comprising $20-million (U.S.) in cash and $15-million (U.S.) in shares of Greenland Mines.

Neo will maintain its MOU regarding an offtake agreement for up to 60 per cent of the ore or mineral concentrate produced from the project.

Under the terms of Anortech Inc.'s agreement with Neo, the company is entitled to receive 5 per cent of the total consideration received in connection with either a subsequent transfer or corporate transaction. Consequently, Anortech expects to receive $1.0-million (U.S.) ($1.37-million) in cash plus $750,000 (U.S.) ($1.03-million) in shares of Greenland Mines which trades on the Nasdaq exchange in the United States.

There can be no assurance that this transaction will close, and the transaction is subject to customary closing conditions, including approval from the government of Greenland under the Greenland Mineral Activities Act.

Jim Cambon, president of Anortech, commented: "We are excited to have Greenland Mines acquire the Sarfartoq project. This transaction provides Anortech with non-dilutive cash proceeds while also giving our shareholders continued exposure to the future advancement of the project through equity ownership in Greenland Mines. We believe there is tremendous value to be unlocked in the project and Greenland Mines brings a strong development team, financial capacity, and strategic commitment to critical minerals development in Greenland. We look forward to supporting the Greenland Mines team by leveraging Anortech's more than two decades of operational, permitting and development experience in Greenland."

About Anortech Inc.

Anortech is pioneering the next generation of sustainable materials from anorthosite. The company owns 100 per cent of the Gronne Bjerg anorthosite project in Greenland -- strategically located just 80 kilometres northeast of Nuuk, the capital of Greenland, on open tidewater and adjacent to significant hydroelectric potential.

Anortech is advancing multiple product lines towards commercialization, including:

• Zero-waste smelter-grade alumina (SGA) and high-purity alumina (HPA);
• Carbon-dioxide-free refractory cement and advanced 3-D-printable cement;
• Lunar construction materials using anorthosite-based concrete.

The company filed a United States provisional patent in 2025 to protect its proprietary sustainable SGA and HPA process (see NR2025-01) and shipped 15 tonnes of Gronne Bjerg anorthosite to Ontario in preparation for pilot plant testing. Anortech is actively pursuing strategic industry partnerships to accelerate commercialization. Anortech has $1.6-million in working capital.

We seek Safe Harbor.