---
title: "BUZZ-Klotho tumbles as biotech bets big on Greenland metal deposit"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/277820346.md"
datetime: "2026-03-04T18:33:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277820346.md)
  - [en](https://longbridge.com/en/news/277820346.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277820346.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277820346.md) | [English](https://longbridge.com/en/news/277820346.md)


# BUZZ-Klotho tumbles as biotech bets big on Greenland metal deposit

Shares of biotech firm Klotho Neurosciences (KLTO.O) fall 26% to 39 cents

KLTO says it has acquired privately-held Greenland Mines Corp, giving it control of the Skaergaard palladium-gold-platinum deposit in Greenland

Greenland Mines Corp controls an 80% stake in the Skaergaard Project in Southeast Greenland

The combined company will rebrand as Greenland Mines and run two divisions, mining and biotech

The Skaergaard Project holds an estimated $68 bln worth of metals, co said

Greenland Mines’ shareholders will own about 93% of the company after the merger, which is treated as a reverse takeover

The companies signed their merger agreement on March 3, and closed the deal today

KLTO fell 58% in 2025

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