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Amaroq Minerals Ltd. (AMRQ) delivers gold and strategic mineral development updates through this comprehensive news hub. Track progress at the advanced-stage Nalunaq gold project and emerging strategic metals discoveries across Southern Greenland.
This resource consolidates official operational updates, financial disclosures, and exploration breakthroughs. Investors will find timely reports on mine development milestones, resource expansion drilling results, and corporate developments including the upcoming Nasdaq Main Market listing.
Key updates cover infrastructure development progress, environmental compliance achievements, and strategic financing arrangements. The collection also features technical reports on Greenlandic exploration targets and corporate governance updates.
Bookmark this page for structured access to verified information about Amaroq's dual-focus strategy in gold production and critical minerals discovery. Regular updates ensure stakeholders maintain current perspective on this emerging Arctic resources developer.
80 Mile (AMRQ) entered a Binding Head of Terms with USFM Corporation for US$30 million to earn 51% of the Disko-Nuussuaq project in West Greenland.
Key terms: 80 Mile to act as operator, a £500,000 signing cash payment, a 12.5% management fee on project spend, and US$10 million directed to drilling within 10 months. 80 Mile will be free-carried on its 49% until earn-in completion, then may contribute or dilute. Definitive agreements, Greenland government approvals, and shareholder consents are required; exclusivity runs until 1 May 2026.
80 Mile (AMRQ) highlighted an independent Sproule ERCE assessment estimating 13.03 billion barrels gross un-risked recoverable prospective oil resources (P10) in the Jameson Land Basin, Eastern Greenland, across 58 prospects. Under the agreed earn-in, 80 Mile's attributable P10 share is approximately 3.9 billion barrels (30% post earn-in). March GL will fully fund up to two exploration wells (each ≥3,500m) and may earn up to 70% interest; first free-carried drilling is expected in H2 2026. Preparations include Halliburton for drilling services, IPT Well Solutions as project manager, and rig mobilisation and logistics agreements in place.
80 Mile (OTC:AMRQ) has moved to 100% ownership of Hydrogen Valley and Greenswitch, and advanced commercial activity at its Ferrandina biofuels plant in southern Italy.
Key developments include a feedstock MOU with a Fortune 500 energy Group supplying up to 80,000 tpa from 1 Nov 2025; a tolling MOU with Ludoil covering 80,000 tpa (50% of the plant) with an estimated €8m net profit for HV from that 50% slice and implied €24m net if full production is achieved; an MOU with JEnergy for 10,000 tpa biodiesel starting Jan 2026; and prior MOUs with NACATA and Tecnoparco covering up to 120,000 tpa feedstock and 40,000 tpa offtake.
Consideration for the acquisition: €100,000 cash, 220,000,000 new shares (plus 10 million shares to Hydrogen Valley) with contingent cash/share payments up to specified amounts and share lock until June 2026. Admission of 230,000,000 new shares is expected by 14 Nov 2025, taking issued shares to 4,557,127,203.
