| Cash Flow | 2026-06-30 | 2026-03-31 | 2025-12-31 |
|---|---|---|---|
| Interest expense | -1,615 | 1,615 | 2,327,712 |
| Conversion of debt to equity | 0 | - | - |
| Settlement on note payable | - | - | 1,178,000 |
| Commitment fee | - | - | 0 |
| Changes in fair value of derivative liability | -1,815,233 | 2,314,353 | 28,514 |
| Payments to non-employees related to acquisition | - | -535,000 | 516,000 |
| Impairment on intangible assets | 0 | 2,045,253 | 0 |
| Stock-based compensation | 111,082 | 5,107,399 | 1,565,212 |
| Prepaid expenses | 1,933,775 | 749,947 | 23,001 |
| Accounts payable | 547,103 | 106,505 | -19,079 |
| Accrued expenses | 105,370 | 75,929 | -879,938 |
| Other current assets | 62,120 | - | - |
| Other non-current assets | 134,677 | - | - |
| Notes payable to related parties | - | 294,541 | -31,000 |
| Tax payable | - | - | 0 |
| Other liabilities | - | - | 0 |
| Other assets | - | -225,413 | - |
| Net loss | -3,685,060 | -13,857,203 | -10,551,674 |
| Net cash used in operating activities | -6,853,878 | -4,971,143 | -5,889,254 |
| Deposits for property and equipment | 317,530 | - | - |
| Acquisition of mineral exploration rights and exploratory licenses | 111,150 | 365,324 | 0 |
| Net cash used in investing activities | -428,680 | -365,324 | 0 |
| Proceeds from stock subscriptions | 0 | - | 500,000 |
| Proceeds from convertible promissory note, net of issuance cost | 0 | - | 2,150,000 |
| Payments for deferred financing costs | 0 | - | 25,000 |
| Payments on financed director and officer insurance | 0 | - | - |
| Proceeds from sales of stocks and warrants, net | 0 | - | 11,394,218 |
| Proceeds from sale of preferred b shares | 0 | - | 500,000 |
| Payments on notes payable | 0 | - | 2,730,182 |
| Payments on financed director and officer insurance | - | - | 40,225 |
| Proceeds from sale of securities and warrants in february 2026 private placement, net of offering costs | 7,750,000 | - | - |
| Proceeds from sale of securities, net of offering costs | - | 7,750,000 | 1,112,745 |
| Proceeds from june 2026 spa, net of issuance costs | 3,750,000 | - | - |
| Proceeds from related party loans | - | - | 0 |
| Proceeds from sale of securities under the at-the-market facility | 2,574,725 | - | - |
| Proceeds from shareholders | - | - | 0 |
| Proceeds from warrants exercises | 1,745 | - | - |
| Payments to shareholders | - | - | 0 |
| Proceeds from fpa settlement | 0 | 412,329 | 140,572 |
| Merger proceeds net of transaction cost | - | - | 0 |
| Notes payable - related party | 297,968 | - | - |
| Net cash provided by financing activities | 6,624,438 | 8,162,329 | 13,002,128 |
| Net change in cash | -658,120 | 2,825,862 | 7,112,874 |
| Cash - beginning of period | 10,002,477 | 7,176,615 | 63,741 |
| Cash - end of period | 9,344,357 | 10,002,477 | 7,176,615 |
Greenland Mines Ltd (GRMLW)
Greenland Mines Ltd (GRMLW)