Greenland Energy Appoints Sidus Space CEO Carol Craig to Board of Directors

Greenland Energy Company (NASDAQ: GLND), an oil exploration company focused on East Greenland's Jameson Land Basin, announced the appointment of Carol Craig to its board of directors, effective June 5, 2026. Craig, founder, CEO and chair of Sidus Space (NASDAQ: SIDU), was appointed as a Class I director to fill the vacancy created by Daniel M. McCabe's resignation and will also serve on the board audit committee.

The appointment brings a seasoned leader with experience in both the space and energy sectors. Craig's background at Sidus Space, a company involved in space-based data and services, could provide valuable perspective as Greenland Energy pursues hydrocarbon development in a challenging Arctic environment. The move is part of the company's effort to strengthen its board as it advances exploration in the Jameson Land Basin, a region with significant oil potential but also environmental and logistical complexities.

Greenland Energy aims to responsibly develop Greenland's hydrocarbon resources and create a publicly traded platform for Arctic energy development. The company's focus on the Jameson Land Basin has attracted attention due to its potential to contribute to global energy supplies, though it also faces scrutiny over environmental impacts in a pristine region. Craig's appointment may signal a commitment to robust governance and strategic oversight as the company navigates these challenges.

For more details on the press release, visit https://ibn.fm/MeawW. The latest news and updates relating to Greenland Energy are available in the company's newsroom at https://ibn.fm/GLND.