Welcome to our dedicated page for AMRQ news (Ticker: AMRQ), a resource for investors and traders seeking the latest updates and insights on AMRQ stock.
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.
Amaroq Minerals Ltd. (AMRQ) has announced the completion of its joint venture with GCAM LP, satisfying all conditions for the release from escrow related to their Subscription and Shareholders' Agreement. Effective by April 14, 2023, GCAM LP will invest £18,000,000 and acquire 49% of the issued shares in the new joint venture company Gardaq A/S, while Amaroq retains 51%. The partnership aims to explore significant strategic mineral deposits across several locations in Southern Greenland, including the Sava Copper Belt and Stendalen. CEO Eldur Olafsson expressed optimism about advancing their strategic mineral targets. The company holds the largest mineral portfolio in the region, covering 7,866.85 km2.
Amaroq Minerals Ltd. (AIM:AMRQ, TSXV:AMRQ, NASDAQ:AMRQ) reported its FY 2022 financial results, including a net loss of C$21.9 million compared to C$24.7 million in 2021. Exploration expenses decreased to C$12.7 million from C$14.3 million, while general and administrative costs rose to C$10.2 million from C$9.7 million. The company secured £30 million (~C$46.4 million) in capital funding and launched a joint venture for strategic mineral assets, expecting £18 million (~C$28.5 million) in initial funding. Looking ahead, Amaroq plans aggressive exploration and development activities in 2023, including a focus on renewable energy for operations.
