Core Insights - Critical Metals (CRML) experienced a significant stock increase of 16.51%, closing at $13.75, following the approval for construction of a pilot plant in Greenland, which is expected to enhance rare-earth supply security [2][6]. Company Overview - Critical Metals is focused on mining exploration and development of critical metals and minerals, with a current market capitalization of $1.4 billion [2]. - The company's stock has shown a 52-week range from $1.23 to $32.15, indicating high volatility and investor interest [2]. Market Activity - Trading volume for Critical Metals reached 46.2 million shares, which is approximately 200% above its three-month average of 15.5 million shares, reflecting heightened investor activity [3]. - The broader market saw the S&P 500 decrease by 0.34%, while the Nasdaq Composite increased by 0.16%, indicating mixed performance across sectors [4]. Geopolitical Context - The Trump administration's focus on national security regarding Greenland has heightened investor interest in Critical Metals, particularly in light of the company's construction authorization for the Tanbreez rare earths project [6]. - Rare earth elements are identified as strategic resources by the U.S. Department of Defense, essential for advanced military technologies, which adds to the significance of the Tanbreez project [7].

Core Viewpoint - Critical Metals is making significant progress in the development of its Tanbreez rare-earth mining project in Greenland, with stock prices reflecting positive investor sentiment following the announcement of construction approvals [1][3]. Company Developments - Critical Metals has officially approved the construction of storage, housing, and pilot-plant facilities for the Tanbreez project in Greenland [3][5]. - The company anticipates that Phase 1 of the Pilot Plant section will be operational by May 2026 at the latest [5]. Stock Performance - As of the latest trading session, shares of Critical Metals have increased by 11.69%, with a current price of $13.19, marking a rise of over 70% since the end of 2025 [1][4]. - The stock experienced a peak increase of 18.3% earlier in the day before settling at an 11.2% rise [2]. Market Position - Critical Metals is characterized as having one of the world's largest deposits of rare-earth elements, which positions the company favorably within the industry [5]. - The market capitalization of Critical Metals is currently $1.4 billion, with a trading volume of 41 million shares [4].

Financial Data and Key Metrics Changes - No financial data or key metrics changes were reported as the meeting was adjourned without any discussion [1] Business Line Data and Key Metrics Changes - No specific business line data or key metrics changes were provided due to the lack of quorum and subsequent adjournment of the meeting [1] Market Data and Key Metrics Changes - No market data or key metrics changes were discussed as the meeting did not proceed with any presentations or reports [1] Company Strategy and Development Direction and Industry Competition - No information regarding company strategy, development direction, or industry competition was available due to the adjournment of the meeting [1] Management Comments on Operating Environment and Future Outlook - No comments from management regarding the operating environment or future outlook were made as the meeting was not conducted [1] Other Important Information - The meeting was adjourned due to the absence of a quorum, and no further details were provided [1] Q&A Session All Questions and Answers - No questions or answers were recorded as the meeting did not take place [1]

Financial Data and Key Metrics Changes - No financial data or key metrics changes were reported as the meeting was adjourned without any discussion [1] Business Line Data and Key Metrics Changes - No specific business line data or key metrics changes were provided due to the lack of quorum and subsequent adjournment of the meeting [1] Market Data and Key Metrics Changes - No market data or key metrics changes were discussed as the meeting did not proceed with any presentations or reports [1] Company Strategy and Development Direction - No information regarding company strategy or development direction was available as the meeting was adjourned before any strategic discussions could take place [1] Management Comments on Operating Environment and Future Outlook - No comments from management regarding the operating environment or future outlook were made due to the adjournment of the meeting [1] Other Important Information - The meeting was adjourned due to the absence of a quorum, and no further details were provided [1] Q&A Session Summary - No questions or answers were recorded as the meeting did not take place [1]

Financial Data and Key Metrics Changes - The meeting was adjourned due to a lack of quorum, and no financial data or key metrics were presented [1] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed during the meeting [1] Market Data and Key Metrics Changes - There were no updates on market data or key metrics provided in the meeting [1] Company Strategy and Development Direction and Industry Competition - The company did not present any strategic direction or competitive analysis during the meeting [1] Management Comments on Operating Environment and Future Outlook - Management did not provide any comments regarding the operating environment or future outlook as the meeting was adjourned [1] Other Important Information - The meeting was adjourned at 9:00 A.M. Eastern Standard Time on January 30th, 2026, due to the absence of a quorum [1] Q&A Session All Questions and Answers - No questions or answers were recorded as the meeting did not proceed due to lack of quorum [1]

As filed with the U.S. Securities and Exchange Commission on December 23, 2025. Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in its charter) | British Virgin Islands | 3537 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or ...

Core Viewpoint - Greenland Resources Inc. is positioned to benefit from significant financial support from the European Commission for its molybdenum project in Greenland, as part of the RESourceEU initiative [1] Group 1: Financial Support - The European Commission, along with the European Investment Bank and Member States, is ready to unlock substantial financial support for priority projects [1] - The financial support includes projects like Vulcan's lithium extraction project in Germany and Greenland Resources' molybdenum project in Greenland [1]

Core Insights - Amaroq has confirmed high-grade mineralization of zinc, lead, silver, and newly identified critical minerals (germanium, gallium, cadmium) at the Black Angel mine, fulfilling all conditions for its acquisition [2][6][10] - The West Greenland Hub, which includes the Black Angel mine and Kangerluarsuk exploration licenses, is positioned as a significant development area for Amaroq, enhancing its mineral portfolio and operational capabilities in Greenland [9][10][15] Summary by Sections Highlights - Re-assayed bulk samples from the Black Angel mine show an average of 24.6% zinc, 28.1% lead, and 295 g/t silver, with commercial levels of germanium (44 ppm), gallium (21 ppm), and cadmium (1,328 ppm) identified [6][12] - The results suggest potential commercial concentrate grades of 102 ppm Ge, 48.5 ppm Ga, and 3,040 ppm Cd in future zinc concentrates [6][12] Next Steps - Site reviews at Black Angel have been completed to define upgrade requirements and plan geophysical surveys for the 2026 field season, targeting growth of the current mineral resource of 3.2 million tonnes at 8.8% Zn and 3.0% Pb [6][10] - Initial work will focus on the Deep Ice body, where historical drilling confirmed high grades [6][10] West Greenland Hub - The West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq joint venture, and will serve as a logistical base for the company's operations [9][10][15] - The Hub is expected to become a new center of mining activity in Greenland, supporting the growing mining and exploration sector [9][10] Black Angel Mine - The Black Angel mine has a historical production of approximately 11.2 million tonnes of ore with high grades of zinc, lead, and silver, making it Greenland's most productive base metal mine of its time [11] - Current estimates indicate significant remaining mineralization, with a focus on leveraging existing infrastructure for a near-term restart of operations [11][12] Kangerluarsuk Project - The Kangerluarsuk project, located 12 km north of Black Angel, presents a promising exploration opportunity with historical high grades of zinc and silver [14] - Amaroq plans to initiate drilling at Kangerluarsuk in 2026 to confirm subsurface mineralization continuity [14]

Financial Performance - Revenues for Q3 2025 reached $23.4 million, a 24.4% increase from $18.8 million in Q3 2024[19] - Gross profit for Q3 2025 was $7.6 million, up 52.5% from $5.0 million in Q3 2024[19] - Net income for Q3 2025 was $6.6 million, compared to a net income of $0.4 million in Q3 2024[19] - Total comprehensive income attributable to Greenland Technologies for Q3 2025 was $6.2 million, compared to $0.8 million in Q3 2024[19] - For the nine months ended September 30, 2025, net income was $8,388,754, compared to $9,801,725 for the same period in 2024, representing a decrease of approximately 14.5%[24] - For the nine months ended September 30, 2025, the net income attributable to Greenland Technologies was $6,511,037, compared to $6,468,722 for the same period in 2024, reflecting a slight increase[169] - The company reported a basic earnings per share of $0.33 for Q3 2025, compared to a loss of $0.05 per share in Q3 2024[19] - For the nine months ended September 30, 2025, the basic and diluted net income per share were $0.41 and $0.41, respectively, compared to $0.48 in 2024[169] Assets and Liabilities - Total current assets increased to $99.0 million as of September 30, 2025, from $92.6 million at the end of 2024, representing a 6.5% growth[14] - Total liabilities decreased to $53.6 million as of September 30, 2025, down from $62.3 million at the end of 2024, a reduction of 14.0%[17] - Shareholders' equity attributed to Greenland Technologies increased to $75.4 million as of September 30, 2025, from $60.2 million at the end of 2024, a growth of 25.2%[17] - Cash and cash equivalents decreased to $3.9 million as of September 30, 2025, from $6.7 million at the end of 2024, a decline of 41.0%[14] - Cash and cash equivalents at the end of the period were $3,942,129 as of September 30, 2025, down from $20,725,481 at the end of September 2024, reflecting a decrease of approximately 81%[27] - Accounts receivable increased to $21,551,378 as of September 30, 2025, compared to $15,796,423 as of December 31, 2024, marking a growth of 36.5%[132] - Inventories, net, rose to $23,860,032 as of September 30, 2025, from $23,378,090 as of December 31, 2024, reflecting an increase of 2.1%[134] - Fixed deposits increased significantly to $6,906,766 as of September 30, 2025, compared to $4,130,514 as of December 31, 2024, representing a growth of 67.2%[143] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were $1.1 million, a decrease of 57.4% compared to $2.5 million in the same period of 2024[19] - Research and development costs for the three months ended September 30, 2025, were approximately $0.56 million, compared to $0.44 million for the same period in 2024, reflecting a 27.3% increase[96] - Research and development costs for the nine months ended September 30, 2025, totaled approximately $1.09 million, down 57.3% from $2.55 million in 2024[96] - Research and development (R&D) expenses rose to approximately $0.56 million for the three months ended September 30, 2025, an increase of $0.12 million or 28.0% from $0.44 million in the prior year[203] Sales and Market Activity - Greenland sold a total of 123,856 sets of transmission products in the nine months ended September 30, 2025, an increase of 8.5% from 114,075 sets sold in the same period in 2024[32] - Domestic sales for the three months ended September 30, 2025, were $22,975,249, up from $18,666,444 in 2024, representing a growth of approximately 23.5%[170] - International sales for the nine months ended September 30, 2025, were $1,308,690, a decrease from $1,855,927 in 2024, reflecting a decline of approximately 29.4%[170] - The company has launched new electric industrial vehicle products through its subsidiary HEVI, including various models of electric forklifts and loaders[192] Cash Flow and Investments - The net cash provided by operating activities for the nine months ended September 30, 2025, was $7,799,034, compared to $8,983,496 in 2024, indicating a decrease of approximately 13.2%[24] - The company reported a net cash used in investing activities of $680,974 for the nine months ended September 30, 2025, compared to $2,111,014 in 2024, showing a reduction in cash outflow[27] - The fair value of short-term investments as of September 30, 2025, was $29,098,513[63] - As of September 30, 2025, the Company's short-term investments increased to $29,098,513 from $18,535,354 as of December 31, 2024, representing a growth of 56.5%[127] Tax and Regulatory Matters - The effective tax rate on income before income taxes for the nine months ended September 30, 2025, was 23.99%, higher than the PRC tax rate of 25.0% due to non-deductible stock-based expenses[172] - Zhejiang Zhongchai maintains a "high-tech enterprise" status, allowing a reduced income tax rate of 15% for the three months ended September 30, 2025[209] - Hangzhou Greenland, a wholly owned subsidiary, is subject to a 25% standard income tax rate, while Greenland, registered in the British Virgin Islands, is not subject to income or capital gains tax[210] Shareholder Information - As of September 30, 2025, Trendway Capital Limited owned 34.56% of Greenland's outstanding ordinary shares[36] - Zhongchai Holding owns 89.47% of Zhejiang Zhongchai, 100% of Hangzhou Greenland, and 62.5% of Hengyu Capital[37] Other Financial Metrics - The company has no liability for unrecognized tax benefits as of September 30, 2025, reflecting a stable tax position[106] - The company assesses collectability of accounts receivable based on historical collectability and current economic conditions[66] - No customer accounted for more than 10% of total accounts receivable as of September 30, 2025, indicating a diversified customer base[114] - Major customers accounted for 39.05% of total accounts receivable as of September 30, 2025, slightly down from 40.11% as of December 31, 2024[129]

Core Viewpoint - Amaroq Ltd. has identified high-grade rare earth element (REE) mineralization in the Ilua Pegmatite Zone within its Nunarsuit mineral license area in South Greenland, marking a significant entry into the REE sector and indicating potential for future exploration and development [2][4][8]. Company Developments - The Ilua Pegmatite Zone represents Amaroq's first confirmed occurrence of high-grade REE, with grades reaching up to 2.31% Total Rare Earth Oxide (TREO) [7]. - The REE assay results show an average composition of 27% Heavy REE and 73% Light REE, with key magnet metals such as Neodymium, Praseodymium, Dysprosium, and Terbium comprising 21% of the total [7]. - The mineralization is believed to be hosted primarily in monazite, which may allow for simpler extraction and processing techniques compared to other complex mineralogies [4][7]. Exploration Strategy - Amaroq plans to conduct further exploration, including scout drilling in 2026, to assess the full potential of the Nunarsuit REE prospect [5][10]. - A systematic sampling campaign will be designed to quantify the grade and distribution of REEs across the pegmatite outcrops, including channel sampling and targeted grab samples [11]. - Comprehensive mineralogical studies are planned to confirm the mineral hosts of the REEs and guide preliminary metallurgical testwork [12]. Geological Context - The Nunarsuit intrusive complex has seen limited historical exploration for REEs, despite its geological potential, which includes the presence of monazite and REE-rich apatite [9][17]. - The Gardar Igneous Province, where Nunarsuit is located, is known for significant REE deposits, including Kvanefjeld and Tanbreez, which have drawn international attention as strategic sources of critical minerals [15][16]. - Amaroq's exploration team is leveraging analogues from both granite pegmatite REE deposits and Gardar-style alkaline complexes to interpret the Ilua findings [17]. Future Plans - The immediate next steps involve detailed data collection and analysis to determine the economic potential of the mineralization [10]. - Ground geophysical surveys will be assessed to investigate the subsurface continuation of the pegmatite zone, employing techniques such as magnetics and radiometrics [13]. - The company is considering deploying a rig for scout drilling in early 2026 to gather data on the depth potential and zonation of the pegmatite system [14].