Member Info for Greeno

The agreement between Pelican and Greenland Exploration values March GL at approximately US$215 million, not including the expected US$86 million in cash post transaction. As a result, this values the remaining 30% of the Jameson project that will be retained by 80 Mile at c. US$92 million on listing.

Notes on NASDAQ Listing

In September 2025, Pelican Acquisition Corporation (NASDAQ:PELI), announced a merger with Greenland Exploration Limited, a 100% owned subsidiary of March GL. The company will be renamed Greenland Energy Company, and is expected to trade on Nasdaq once the transaction is closed during Q1 2026.

Turned the corner and a good find post quarter end

Https://geoexpro.com/will-greenland-be-the-next-oil-hotspot/

Trying to let everyone know whats going on in world markets re prices etc just ignore if not interested

Third Quarter 2025 Results

(Comparisons are to prior year (Q3 2025 vs. Q3 2024) unless otherwise noted)

The Company recorded third quarter revenue of $699 million, a decrease of 13% primarily driven by lower sales volumes of TiO2, zircon and other products and lower average selling prices of TiO2 and zircon, including mix.

Revenue from TiO2 sales was $550 million, a decrease of 11% driven by an 8% decline in volumes and a 5% decline in average selling prices, partly offset by a 2% favorable exchange rate impact. Sequentially, TiO2 sales declined 6%, driven by a 4% decrease in sales volumes and a 3% decrease in average selling prices, partially offset by a favorable 1% exchange rate impact.

Zircon revenue decreased 20% to $59 million, driven by a 16% decrease in average selling prices including mix and a 4% decline in sales volumes. Sequentially, zircon revenue decreased 13%, driven by a 7% decrease in sales volumes and a 6% decrease in average selling prices including mix.

Tronox Holdings Plc announced it will permanently close its 46,000tpa TiO₂ plant in Fuzhou, China, due to weak demand, high costs and continued oversupply, noting supply to global customers will remain unaffected. Tronox also released its preliminary Q4 2025 results, with expected revenue of approximately US$730 million (up 8% year‑on‑year), with TiO₂ and zircon sales outperforming expectations. The company expects a net loss of US$176 million and adjusted EBITDA of US$57 million, reflecting softer pricing.

www.tronox.com

26 January 2026

XXX

Good div return and making a sound profit while repositioning the business model

Bought in last year for long term topped up this week too

PELI not many shares left. Especially when you consider that the sponsor owns 3.09M out of 11.99M. 63.6% institutional ownership

Back above $11

Still holding some see what Q4 brings next week

But ruled out force which should help all

In late 2025, Robert Price of @GL_Energy_Co visited Greenland with Haliburton, IPT Well Solutions and others to see the Jameson site area first hand and figure out the logistics to get the rig in place ahead of drilling in H2 2026. See below for the video of their trip

March GL, a privately-owned Texas Corporation, entered into an agreement with 80 Mile, for drilling to commence at the Jameson oil and gas project in Greenland. March GL will fund 100% of the costs associated with two exploration wells which are designed to delineate the sedimentary structure and energy potential of the Jameson Basin. In return, March GL will earn up to a 70% interest in the entire basin.

March GL has contracted Haliburton, one of the world’s largest oilfield services companies, to provide project management and support for logistics planning and secure other necessary services and logistics for the project.

Up to $10.82 pre trade

0.89 0.09 (11.25%)

Bid: 0.87

Ask: 0.91

80M another 10% today

Hope some of you got in up 50% in a week

After hours PELI rose to 10.39

Guys I don’t normally pump other shares but 80m formally bluejay is about to pop Greenland energy 30% owned should enter Nasdaq next week DYOR

He missed 80m which is Greenland and about to pop

Operating cost of $248 per tonne of finished product, up 14% YoY, due to a 6% increase in direct operating costs at Moma, accruals relating to the Implementation Agreement (“IA”) and non-recurring costsCash operating cost per tonne of ilmenite (net of co-products) of $211,

They are making accruals for higher IA costs