Greenland Energy Updates Permitting Process to Winter 2027

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Greenland Energy Company Provides Update on Permitting Process and Project Planning

DENVER, August 11, 2026 /PRNewswire/ -- Greenland Energy Company (NASDAQ: GLND) announced an update regarding its Greenland project permitting process, led by its joint venture partner 80 Mile plc (AIM: 80M). Based on information from the Government of Greenland, the project's complexity necessitates a more extensive and comprehensive review process, shifting the targeted permit timeline to winter 2027.

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About Greenland Energy Co

About Greenland Exploration Limited Greenland Exploration Limited is a Texas-based entity focused on developing strategic positions in North American energy assets. Through its partnerships and future acquisitions, Greenland aims to deliver long-term shareholder value in a dynamic and evolving energy market. About March GL Company March GL Company, a privately-owned Texas Corporation, entered into an agreement with 80 Mile for drilling to commence at the Jameson oil and gas basin in Greenland. March GL will fund 100% of the costs associated with up to two exploration wells which are designed to delineate the sedimentary structure and energy potential of the Jameson Land Basin. In return, March GL will earn through 80 Mile’s subsidiary company up to 70% interest of the entire basin. March GL Company will be appointed as Field Operations Manager. More information is available on its website www.MarchGL.com.

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