Greenland Mines Ltd 8-K

What Happened

• Greenland Mines Ltd (GRML) announced it dismissed its prior independent registered public accounting firm, BCRG Group (BCRG), and its Audit Committee approved the appointment of Simon & Edward LLP (S&E) as the company’s new independent registered public accounting firm on June 23, 2026. S&E acquired BCRG’s attest business effective June 15, 2026, and will provide the audit services previously performed by BCRG.

Key Details

• S&E’s appointment and BCRG’s dismissal were approved by the Audit Committee on June 23, 2026.
• BCRG’s audit reports for the fiscal years ended December 31, 2025 and 2024 contained no adverse opinion or disclaimer and were not qualified or modified, except for an explanatory paragraph noting substantial doubt about the company’s ability to continue as a going concern.
• During fiscal years 2025 and 2024 and through the date of the 8-K, there were no disagreements or reportable events between the company and BCRG, except previously disclosed material weaknesses in internal control over financial reporting (see the company’s 2025 10-K).
• The company requested—and filed—BCRG’s letter to the SEC confirming these statements (Exhibit 16.1, dated June 23, 2026). The company also reported it did not consult S&E about accounting or auditing matters prior to engaging them.

Why It Matters

• A change of independent auditor is a material corporate event: investors should note the new firm (Simon & Edward LLP) will handle future audits and that prior audits included a going-concern explanatory paragraph. The filing also reiterates previously disclosed material weaknesses in internal controls, which can affect financial reporting quality and investor confidence. Review the company’s 2025 Form 10-K for more detail on the internal control matters and the going-concern discussion.