{"id":33008,"date":"2026-03-05T02:08:23","date_gmt":"2026-03-05T02:08:23","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/33008\/"},"modified":"2026-03-05T02:08:23","modified_gmt":"2026-03-05T02:08:23","slug":"klotho-neurosciences-expands-into-mining-with-greenland-mines-deal-klotho-neurosciences-nasdaqklto-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/33008\/","title":{"rendered":"Klotho Neurosciences Expands Into Mining With Greenland Mines Deal – Klotho Neurosciences (NASDAQ:KLTO)"},"content":{"rendered":"

Klotho Neurosciences Inc. (NASDAQ:<\/a>KLTO<\/a>) on Wednesday announced the acquisition of Greenland Mines Corp.<\/p>\n

Greenland Mines\u2018 Palladium\/Gold Deposits Worth $68 Billion<\/p>\n

Privately held Greenland Mines controls an 80% interest in, and has an option to acquire the remaining 20% of, the Skaergaard Project in Southeast Greenland, one of the largest and most significant undeveloped palladium, gold, and platinum deposits.<\/p>\n

According to the 2022 NI 43-101 Indicated and Inferred Mineral Resource, the Skaergaard Project hosts 25.4 Moz PdEq and 23.5 Moz AuEq with a gross undiscounted in-situ resource value of approximately $68 billion based on February 2026 metal prices.<\/p>\n

The company believes the current resource estimate does not represent the true scope of Skaergaard.<\/p>\n

The deposit remains open in all directions. Drilling campaigns have continuously returned consistent positive grades and widths.<\/p>\n

New Entity<\/p>\n

The company will now operate under two strategic operating divisions: Natural Resources, focused on the exploration and development of the Skaergaard Project in Southeast Greenland; and Cell and Gene Therapy, including Klotho’s KLTO-202, primary indication for ALS.<\/p>\n

Post-closing, Klotho’s CEO and CFO will remain in place.<\/p>\n

The Greenland Mines leadership team, led by CEO Bo M\u00f8ller Stensgaard, will join the management team to operate the Greenland Mining division, and one new Board member will be added.<\/p>\n

Transaction Details<\/p>\n

Full consideration for the transaction is payable in convertible preferred stock. On an as-converted basis, Greenland Mines will own approximately 93% stake in the entity.<\/p>\n

The company intends to change its name to Greenland Mines and its stock ticker in late March 2026.<\/p>\n

In July, Klotho Neuroscience received a NASDAQ notification<\/a> that KLTO stock has full compliance with all continued listing requirements and will remain listed<\/p>\n

KLTO Price Action: Klotho Neurosciences\u2019 stock is down 3.40% at $0.52 during the premarket session at the last check on Wednesday, according to Benzinga Pro data<\/a>.<\/p>\n

Image via Shutterstock<\/p>\n

Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n

\u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n

To add Benzinga News as your preferred source on Google, click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Klotho Neurosciences Inc. (NASDAQ:KLTO) on Wednesday announced the acquisition of Greenland Mines Corp. Greenland Mines\u2018 Palladium\/Gold Deposits Worth…\n","protected":false},"author":2,"featured_media":33009,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2085,2094,2089,19152,2088,5813,2084,57,352,19153],"class_list":{"0":"post-33008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-greenland","8":"tag-category-biotech","9":"tag-category-general","10":"tag-category-health-care","11":"tag-category-mu0026a","12":"tag-category-news","13":"tag-category-top-stories","14":"tag-cms-wordpress","15":"tag-greenland","16":"tag-pageisbzpro-bz","17":"tag-symbol-klto"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116174134391036552","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/33008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=33008"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/33008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/33009"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=33008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=33008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=33008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}