Member Info for A-s-h-t-o-n

NEIL7826: "……(or until her earlier death, resignation or removal). It’s direct and to the point !"

Yes, I chuckled reading that statement in the SEC filing

How can Carol Craig continue?

"Or until her earlier death..." Man, lawyers really don't play around. Most companies offer a retirement plan, but Greenland Energy basically just said, "You are serving on the Board and Audit Committee until your heart stops beating, Carol." Talk about a binding contract!

On 5 June 2026, Daniel M. McCabe notified Greenland Energy Company of his immediate resignation from the Board of Directors and its Audit Committee. His departure was NOT due to any disagreement with the Company regarding its operations, policies, or practices. Concurrently, the Board appointed Carol Craig as a Class I director to fill the vacancy left by Mr. McCabe, effective immediately. Ms. Craig will serve until the 2027 annual meeting of stockholders (or until her earlier death, resignation, or removal). Alongside her board seat, Ms. Craig has also been appointed to the Board's Audit Committee.

SEC filing 11/06/26 - https://www.sec.gov/Archives/edgar/data/2093507/000182912626006392/greenlandenergy_8k.htm

Press release 11/06/26 - https://www.prnewswire.com/news-releases/greenland-energy-company-announces-addition-of-carol-craig-to-board-of-directors-302798602.html

A few days ago, I used the filter button for the very first time since joining this chat board. My only regret is that I didn't use it sooner—much sooner. It has been SHEER BLISS since then. All I see now is a green band running across the screen. Why not give it a go and see how you feel? I don't think you will regret it.

Troutisout1 is right. We all fan the flames by responding; just filter and ignore.

SilverFoxd (07/06/26): "On 1st July, 220m shares will hit the market which isn't great for the share price (unless he can find a willing buyer to sell offmarket) as I don't think the ex HV peeps are going to stick around for Disko drill."

You were not expressing a mere opinion, given the way you presented it. You explicitly used the word "WILL." If you had used "MAY," I would not have had a problem with it.

Regarding the unfounded claim on the chat board that the 220 million shares from the 28/10/25 RNS will hit the market on 1 July, I suggest people do some proper research into Pat Tremamunno. As the founding owner of Hydrogen Valley (Greenswitch) and current President of INOX Industries Inc., he is an incredibly successful, ultra-wealthy businessman. He will therefore know exactly if and when to manage his 220 million shareholding, particularly as 80M enters an exciting phase with world-class assets like Disko and Jameson Land.

Https://m.youtube.com/watch?v=5n3J24Q-tH8&list=RD5n3J24Q-tH8&start_radio=1&pp=ygUZdGhpbmsgb3V0IG9mIHRoZSBib3ggc29uZ6AHAQ%3D%3D&ra=m

Sorry, here the correct link to the thread - https://www.lse.co.uk/ShareChat.html?ShareTicker=80M&share=80-Mile&thread=6BB5CE19-8D52-44A9-938B-8FF64BE30BA0

Damers - I posted this on 29/10/25 following the 28/10/25 RNS under the thread "Mystery Fortune 500 Energy Company"

In the RNS yesterday (28 October 2025), 80M gave these clues with reference to the strategic MOU with a Fortune 500 energy company:

a) The entity is one of the largest integrated energy companies in the world.

b) The company is a globally recognised, vertically integrated leader in refining, petrochemicals and logistics.

c) It’s publicly listed.

d) It’s ranked among the top 10% of the Fortune 500.

I have scanned the top 10% (50 companies) of the Fortune 500 companies and whittled them down to these five energy companies. All five are listed on the New York Stock Exchange.

Ranking by revenue:

Exxon Mobil (XOM) - $349,585 million

Chevron (CVX) - $202,792 million

Phillips 66 (PSX) - $145,496 million

Marathon Petroleum (MPC) - $140,412 million

Valero Energy (VLO) - $123,974 million

The two globally recognised ​n​ames for me are Exxon Mobil (XOM) and Chevron (CVX).

https://fortune.com/ranking/fortune500/2025/

Here is the link to my post and the thread - https://www.lse.co.uk/profiles/a-s-h-t-o-n/?page=18

Under the heading "Future Milestones and Outlook", ​the press release says, among other things: "Meeting with the community in Ittoqqortoormiit as part of the process of community engagement and feedback this week."

In fact, Larry Swets (Chairman of GLND) & Co are in Greenland as we speak!

https://ibn.ai/newsarticle/?qmodStoryID=4614986001311575

SilverFoxd (07/06/26): "On 1st July, 220m shares will hit the market which isn't great for the share price (unless he can find a willing buyer to sell offmarket) as I don't think the ex HV peeps are going to stick around for Disko drill."

You are claiming that the 220m shares WILL hit the market on 1st July. I have two questions for you:

1. What is your evidence that the holder WILL sell the shares on 1st July?

2. What is your evidence that they would sell on the open market?

SilverFoxd (07/06/26): "On 1st July, 220m shares will hit the market which isn't great for the share price (unless he can find a willing buyer to sell offmarket) as I don't think the ex HV peeps are going to stick around for Disko drill."

I stepped in because your statement was factually incorrect. Yes, the RNS did say that the 220m shares were locked in until June 2026, but it also stated that the shares would be admitted to AIM for TRADING and that admission was expected to become effective with DEALING on or before 14th November 2025.

Under the above scenario, the option to forward-sell the shares at a fixed price for future delivery and settlement has been available to the seller for more than six months. If you had included this as an option for the seller in your comment I would not have had a problem with it. Instead, your comment ignored this mechanism entirely and presented the 220m shares flooding the market on July 1st as the only possible outcome.

SilverFoxd (07/06/26): "On 1st July, 220m shares will hit the market which isn't great for the share price (unless he can find a willing buyer to sell offmarket) as I don't think the ex HV peeps are going to stick around for Disko drill."

You might want to double-check that timeline, SilverFoxd.

According to the RNS dated 28/10/25, 80M agreed to issue 220,000,000 shares to Greendome and an additional 10,000,000 shares to Hydrogen Valley. Crucially, the announcement stated that admission to AIM and the commencement of dealing for all 230,000,000 new ordinary shares was expected on or before 14th November 2025.

Therefore, these shares have already been in the market for over six months, completely contradicting the idea that a 220m block is suddenly dropping this July.

https://80mile.com/regulatory-news/83946

Registered with the SEC 08/06/26: Larry Swets (Chairman) purchased 10,000 shares @ $2.76. Total holding = 570,000 shares.

https://www.sec.gov/Archives/edgar/data/1409891/000182912626006200/xslF345X06/ownership.xml

Https://www.80mile.com/regulatory-news/83946

"BHP Group has shifted its primary earnings driver from iron ore to copper as part of a broader transformation of its portfolio. The company is prioritising long term copper production plans and significant investments aligned with demand from electrification and AI infrastructure." - https://finance.yahoo.com/markets/stocks/articles/bhp-leans-copper-growth-board-220942941.html

"Copper is a big and growing part of our business. In the first half of FY2026, copper made up more than half of our underlying earnings for the first time. We are on track to produce between 1.9-2.0 million tonnes of copper in FY2026." - https://www.bhp.com/about/coppergrowth

Note: 80M has four copper assets: Two in Greenland (Disko and Thule) and two in Finland (Hammaslahti and Outokumpu). We have a partner for only one of the four assets (Disko). An update is due on Thule.​

In 2025, the Mineral Licence and Safety Authority (MLSA) approved a fieldwork permit (FELT 2025-52) for mineral exploration licence MEL 2015-08. The permit allowed 80M to carry out fieldwork during the summer of that year. As stated in the RNS on 01/05/24, MEL 2015-08 covers the Thule copper tenement. With this in mind, I asked Rod McIllree at the 2025 AGM (26/06/25) whether 80M planned to execute fieldwork at Thule. He gave an affirmative response without expanding on the details. 80M clearly regards the Thule copper project as a separate entity from the Dundas titanium project.

So, what came out of that 2025 fieldwork? The Investor Presentation released via RNS on 27/03/26 included the following statement under 'Upcoming Catalysts & News Flow': "Assay results following field study to be announced in due course for the Thule sediment hosted copper prospect at Dundas."

Understandably, our core focus remains on Disko, Jameson Land and Greenswitch, leaving Thule somewhat off the radar. But how significant an asset is it? This is what the 01/05/24 RNS said (link below):

❖The Thule Basin represents an area of significant, underexplored mineral potential. It hosts the first-order controls required for sedimentary copper deposits and mineralisation is observed within several geological units across the basin. Encouraging ore-grade samples of mineralisation locally exceeding 10% copper have been identified.

❖The expanded licence area is proximal to the Camelot Project operated by BHP in northern Canada, illustrating an interest in arctic frontier exploration by the major mining companies.

Furthermore, in his May 2024 podcast, Eric Sondergaard (then MD) stated the asset has the size and scale to attract majors, noting that one was specifically interested in the project (link below).

If we don’t receive an update on Thule by the time of this year’s AGM (29/06/26), this should definitely be raised as another question at the meeting.

https://80mile.com/regulatory-news/63412

https://youtu.be/5G5jwsxhC8E?t=4

Would Larry Swets keep adding to his shareholding if he believed a drilling permit would be denied? He undoubtedly knows more than anyone else here to declare that 'Nothing has changed.'

Furthermore, taking a holistic view of the situation, the Greenland government needs the tax revenue from oil extraction to secure financial independence from Denmark every bit as much as GLND needs the commercial profits.

I remain confident that the drilling permit will be approved. The upcoming newsflow over the next few weeks and months will be an excellent bellwether.

Anglo American AGM 2025: Please read the CEO's comments in the section "Greenland" under Q&As:

https://londonminingnetwork.org/2025/06/anglo-americans-agm-2025-a-theatre-of-greenwashing-and-denial/

Daramuda - Anglo American's original mineral exploration licences covered a total area of 9,724km². By 2024, it had reduced the area to 7,379km². AA reduced its licence area further which currently stands at 4,316km² covered by four active licences. I suspect the company had done this by getting rid of those licence areas considered less prospective. AA carried out fieldwork in the summer of 2022, 2023 and 2024, which I presume helped them to identify those areas to give up. Not sure whether AA carried out any fieldwork in 2025 or has any plans to do work this year.

80M currently holds six active mineral exploration licences amounting to a total area of 3,015km² (one of the licences, MEL 2019-116, is currently under review). Please note 80M acquired its licences well before AA arrived in Greenland, and I suspect as a first-mover 80M had the advantage to acquire licences to the most prospective areas - https://80mile.com/disko-nuussuaq

VikR, I have used the filter button and it's ​now sheer bliss. One regret though, wish I had used it sooner, much sooner.

Good luck with your holding.