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Amaroq Ltd. (OTCQX: AMRQF) announced significant insider share purchases by key executives. CEO Eldur Olafsson acquired 95,693 depositary receipts at ISK 104.5 per share on the NASDAQ Iceland exchange, while CFO Ellert Arnarson purchased 45,000 common shares at CAD 1.25 per share on the TSX Venture Exchange. The transactions were executed on September 2, 2025.
These insider purchases demonstrate management's confidence in the company's future prospects, as Amaroq continues its mission as an independent mine development corporation focused on unlocking Greenland's mineral potential.
Amaroq (OTCQX: AMRQF) reported its Q2 2025 financial results, marking its first revenue of C$3.4 million from gold operations at the Nalunaq mine. The company achieved significant milestones including the first shipment of gold doré bars containing 808 ounces of gold and completed an oversubscribed £45 million equity fundraise.
Key operational highlights include processing throughput reaching 145 t/d in July 2025, with aims to achieve 300 t/d by year-end. The company revised its 2025 production target to approximately 5koz of gold due to planned facility shutdowns for flotation recovery system installations. Additionally, Amaroq acquired the West Greenland Hub, including the Black Angel mine and Kangerluarsuk licenses, expanding its geographical presence.
Amaroq Ltd. (OTCQX: AMRQF), a Greenland-focused mining development company, has announced it will release its Q2 and H1 2025 Financial Results on August 14, 2025. The company will host a remote investor and analyst presentation at 09:30 BST on the same day.
The presentation details will be provided in the results announcement. A recording of the presentation will be made available on the company's website after the event. The company has provided contact information for various corporate representatives and financial partners, including Panmure Liberum Limited as Nominated Adviser and Canaccord Genuity Limited as Corporate Broker.
Amaroq Ltd. (OTCQX: AMRQF) has launched its ambitious 2025 exploration campaign across multiple projects in Greenland. The program includes up to 3,500 meters of surface drilling and continuous underground drilling at the Nalunaq gold mine, and approximately 5,000 meters of core drilling at the Nanoq gold prospect.
The campaign encompasses multiple commodities and locations, including gold, copper, nickel, and rare earth elements exploration across South Greenland and new licenses in the north. Key initiatives include advancing the Nalunaq gold mine resource expansion, developing Nanoq towards a maiden Mineral Resource Estimate, and conducting initial reconnaissance of the newly acquired West Greenland Hub, which includes the former Black Angel zinc-lead-silver mine and Kangerluarsuk project.
Amaroq Minerals Ltd. (AMRQF) has received a significant shareholding notification from Industriens Pensionsforsikring A/S, a Danish pension fund. The fund has reported holding 21,567,935 voting rights, representing 4.75% of the company's total voting rights as of June 30, 2025.
The notification indicates this position consists entirely of direct voting rights attached to shares, with no additional financial instruments or similar economic instruments being held. The disclosure was made in accordance with standard TR-1 major holdings notification requirements.
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