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Amaroq Minerals Ltd. reports developments tied to its Greenland-focused gold and strategic metals portfolio. The company is an independent mine development corporation whose principal asset is a 100% interest in the Nalunaq Project, an advanced exploration-stage property with an exploitation license that includes the previously operating Nalunaq gold mine.
Recurring AMRQ news includes exploration results, drilling and geophysical work, project development plans, financial results, capital-structure updates, shareholder voting matters, governance disclosures, and market-listing communications. Company updates also cover strategic mineral targets such as the Stendalen nickel-copper project and broader activity across Amaroq's mineral land package in Southern Greenland.
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.
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