AnorTech Inc. secures approximately US$5.3 million from Greenland Mines Ltd. as it exercises its option to increase its stake to 19.9%. The funding will enhance AnorTech's market position and support its strategic initiatives.
PRIVATEOct 05, 2026
Amount Raised
$5.3 Million
Round Type
Venture
VancouverManufacturingMining
Investors
Greenland Mines Ltd.
Description
AnorTech Inc. has closed a funding transaction with Greenland Mines Ltd., which has increased its ownership stake to approximately 19.9% through a share exchange. In exchange for 25,168,669 common shares, Greenland Mines will issue shares valued at approximately US$5.3 million. This transaction solidifies Greenland Mines as a strategic partner for AnorTech
Company Information
Company
AnorTech
Location
Vancouver, British Columbia, Canada
About
AnorTech Inc. focuses on developing smelter grade alumina and high purity aluminum technologies, particularly from Greenland anorthosite. The company is also advancing applications for lunar materials, engaging in successful test programs for 3D-printable and refractory cements. AnorTech collaborates with various groups in the space industry, using its anorthosite as a lunar simulant. The company aims to capitalize on the growing importance of critical materials for aluminum production and lunar projects.
Fundz sees it the moment AnorTech raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
VancouverManufacturingMining