• AnorTech disclosed a definitive agreement under which Greenland Mines will acquire the Sarfartoq rare earth project for total consideration of USD 35 million, comprising USD 20 million in cash and USD 15 million in Greenland Mines shares.
• Under its agreement with Neo Performance Materials, AnorTech expects to receive 5% of the consideration from the transaction, or USD 1 million in cash and USD 750,000 in Greenland Mines shares.
• Neo will keep its memorandum of understanding for an offtake agreement covering up to 60% of ore or mineral concentrate produced from the project.
• Closing remains subject to customary conditions, including Greenland government approval under the Greenland Mineral Activities Act.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anortech Inc. published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.