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.
Amaroq Minerals Ltd. has secured a US$49.5 million debt financing agreement to enhance production and cash flow at its Nalunaq gold project in Greenland. This financing includes a US$18.5 million Senior Debt Revolving Credit Facility and up to US$21 million in Syndicated Convertible Notes. This funding will propel the company from the bulk sample stage towards trial mining and processing of gold, leveraging existing infrastructure valued at US$8.5 million. Amaroq also plans a possible main market listing on Iceland's Nasdaq. Furthermore, it is progressing towards closing a joint venture with GCAM LP.
Amaroq Minerals Ltd. (AMRQ) will release its Full Year results for 2022 on March 31, 2023. The company, which holds a substantial land package of gold and strategic mineral assets in Southern Greenland, will also host a remote presentation for analysts and investors at 15:00 BST on the same day. Participants can register for the webcast via the provided link. Amaroq's primary asset, the Nalunaq Project, includes a previously operating gold mine and spans 7,866.85 km² across two known gold belts in the region, marking it as a significant player in Greenland's mining sector.
Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ First North:AMRQ) has reported as of February 28, 2023, its share capital consists of 263,281,297 common shares without par value, all with voting rights. This disclosure aligns with the FCA's Disclosure Guidance and Transparency Rule 5.6.1. The company does not hold any treasury shares, allowing shareholders to use this figure for determining their interest changes under the mentioned rules.
Amaroq operates a substantial land package of gold and strategic mineral assets in Southern Greenland, covering 7,866.85 km².
Amaroq Minerals Ltd. has announced the commencement of targeted exploration at the Vagar licence in Southern Greenland after completing its 2022 exploration program. Key highlights include:
- All drillholes intersected anomalous gold, indicating a potential large tonnage Intrusion Related Gold system.
- Notable results include intersections such as 0.5m at 3.07 g/t Au and 1m at 1.27 g/t Au.
- The exploration strategy will draw on successful methods from the Nalunaq project.
Future plans include additional scout drilling and geological modelling to better understand the scale and potential of gold mineralisation.
Amaroq Minerals Ltd. has applied for a block listing of 1,330,000 common shares on the London Stock Exchange, expected to take effect around February 6, 2023. These shares will be used for future stock option awards to employees and a consultant as per the Amaroq Minerals Stock Option Plan established on May 1, 2017. The company's total issued share capital currently stands at 263,211,732 common shares. The new shares will be fully paid and rank equally with existing shares. Amaroq holds strategic mineral assets in Southern Greenland, covering an area of 7,866.85 km², including the advanced exploration Nalunaq Project.
Amaroq Minerals (AMRQ) has confirmed significant copper mineralisation in its Kobberminebugt project located in South Greenland. Key findings include a maximum grade of 11.6% copper from channel samples, indicating the potential for substantial tonnage. The exploration revealed skarn-related copper mineralisation extending along a 40km granite contact zone, with further assessments planned for 2023. The company's exploration efforts, including drone surveys and geological reconnaissance, aim to identify additional mineralised bodies and assess the skarn geometry.
Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ:AMRQ) is making progress on its joint venture with GCAM LP, initially announced on October 19, 2022. The company has met several conditions to release £18 million in subscription and shareholders' agreement from escrow, including receiving conditional approval from the TSX Venture Exchange. Amaroq anticipates completing the GCAM Transaction by the end of Q1 2023, pending resolution of final regulatory matters. The company focuses on the acquisition and development of gold and strategic metal projects in Greenland, holding the Nalunaq Project, a significant gold asset.
