AnorTech expands Greenland anorthosite project with high-purity findings

VANCOUVER - AnorTech Inc. (TSX-V:ANOR; OTC:ANORF), a mineral exploration company with a market capitalization of $7.81 million, has expanded the mapped size of its Gronne Bjerg Anorthosite Project in Greenland, according to a press release statement issued Thursday. The company’s stock has shown remarkable momentum, gaining 140% over the past six months, according to InvestingPro data.

The 2025 field program identified a 3.2 km surface extension of high-purity anorthosite, expanding the mapped footprint to 4.2 km x 2.3 km. The anorthosite is exposed from sea level to 1,200 meters elevation.

Analysis of 30 representative samples from outcrop, conducted by ALS in Ireland, showed average assays of 31.9% Al₂O₃, 0.94% Fe₂O₃, 1.8% Na₂O, 16.7% CaO, and 47.2% SiO₂.

The company also reported progress on environmental and infrastructure aspects of the project. WSP Denmark completed the second year of environmental baseline studies, which will form the foundation for the project’s Environmental Impact Assessment. This assessment is expected to be completed ahead of the company’s 2026 exploitation license application.

Initial bathymetry studies identified a potential deep-water port site a few hundred meters from the potential mining area, which the company states could offer logistical advantages.

The Gronne Bjerg project is located 80 km from Nuuk, Greenland’s capital. According to the company, the anorthosite could be used for multiple applications including zero-waste smelter grade alumina, E-glass feedstock, and CO₂-free refractory cement.

In February 2025, AnorTech filed a U.S. provisional patent for its sustainable smelter grade alumina process and shipped a bulk sample of crushed Gronne Bjerg anorthosite to Ontario, Canada for pilot plant testing.

The company reports having over $2.1 million in working capital and also holds a 5% carried interest in the Sarfartoq rare earth element project, which it sold to Neo Performance Materials in 2022. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 327.68, while holding more cash than debt on its balance sheet. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its estimated Fair Value. Investors can access 10 additional exclusive ProTips and comprehensive financial metrics through an InvestingPro subscription.

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