An anonymous director of Greenland Mines reports

GREENLAND MINES LTD PROVIDES EARLY WARNING DISCLOSURE REGARDING ANORTECH INC.

Greenland Mines Ltd. has increased its ownership interest in Anortech Inc. to approximately 19.9 per cent following the exercise of its option to acquire additional common shares of Anortech.

This news release is being issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

On Nov. 6, 2026, Greenland Mines exercised in full its option under the share exchange agreement between Greenland Mines and Anortech dated June 15, 2026, to acquire an additional 25,168,669 common shares of Anortech from treasury at a deemed price of 30 Canadian cents per subject share. The transaction closed on Nov. 6, 2026, and was completed by way of private agreement, rather than on a stock exchange or other published market.

The aggregate consideration for the subject shares was approximately $7,550,600 (Canadian) ($5,298,000 (U.S.)), or 30 Canadian cents per subject share, satisfied through the issuance by Greenland Mines to Anortech of 1,133,268 common shares of Greenland Mines. The number of Greenland Mines shares issued was determined based on the 10-day volume-weighted average trading price of Greenland Mines' common shares on the Nasdaq Stock Market ending immediately before closing.

Immediately prior to closing, Greenland Mines held 19,958,503 common shares of Anortech, acquired under the agreement in a transaction completed on June 30, 2026, representing approximately 9.9 per cent of Anortech's issued and outstanding common shares. Immediately following closing, Greenland Mines holds 45,127,172 common shares of Anortech, representing approximately 19.9 per cent of its issued and outstanding common shares, an increase of approximately 10.0 percentage points. Greenland Mines has both ownership of and control over all such shares. The subject shares are subject to a contractual lock-up period of 60 months from the date of issuance.

The subject shares were acquired for investment purposes. Greenland Mines intends to review its investment in Anortech on a continuing basis and may, depending on various factors, including market and other conditions, Anortech's business and prospects, and the contractual lock-up described above, increase or decrease its beneficial ownership of, or control or direction over, common shares or other securities of Anortech, whether in the open market, through privately negotiated transactions or otherwise. Other than as described in this news release, Greenland Mines does not currently have any plans or intentions that relate to or would result in any of the matters described in Item 5 of Form 62-103F1, Required Disclosure under the Early Warning Requirements.

Greenland Mines is a corporation existing under the laws of Delaware with its head office at 1300 South Blvd., Suite D, Charlotte, N.C., 28203. Anortech's common shares trade on the TSX Venture Exchange under the symbol ANOR and its head office is located at 1500, 701 West Georgia St., Vancouver, B.C., Canada, V7Y 1C6.

This news release is issued pursuant to NI 62-103, which also requires an early warning report to be filed with the applicable securities regulators containing additional information regarding the foregoing matters. A copy of the early warning report will be filed under Anortech's profile on SEDAR+ and may also be obtained by contacting Greenland Mines.

About Greenland Mines Ltd.

Greenland Mines is listed on Nasdaq and develops mineral assets in Greenland, including the Skaergaard precious metals project in southeastern Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwestern Greenland. Its North Atlantic critical metals corridor strategy seeks to connect Greenland resources with processing capacity and industrial customers in the United States and allied countries. The company's portfolio also includes a strategic investment in Anortech, which is developing alumina and other materials from Greenland anorthosite.

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