AMAROQ (AMRQF) Stock News

Amaroq (LSE, Nasdaq Iceland: AMRQ; OTCQX: AMRQF) announced that, following the exercise of expiring share options, its issued share capital as of 1 September 2026 is 466,316,513 common shares of no par value, each carrying voting rights.

The company holds no shares in treasury, so this total represents the full number of voting rights and should be used by shareholders as the denominator when assessing whether they must notify interests or changes in interests under applicable disclosure rules.

Amaroq (OTCQX: AMRQF)/b) announced new equity incentives granted on 17 August 2026 under its Restricted Share Unit (“RSU”) Plan and Stock Option Plan. The company granted in total, including 419,983 RSUs to certain non-executive directors classed as persons discharging managerial responsibilities and 10,143 RSUs to one employee.

For PDMRs, the RSU volumes awarded were: 155,140 to Sigurbjörn Thorkelsson, 70,921 to Teitur Poulsen, 57,623 to Annette Brøndholt Sørensen, 44,325 to Warwick Morley-Jepson, 34,352 to Jorunn Johanne Sætre, and 28,811 each to Line Frederiksen and Graham Stewart, with transactions recorded as XOFF. Amaroq also granted employees stock options over up to 95,692 common shares at an exercise price of £1.045 per share. Both RSUs and options are governed by the company’s existing incentive plans, details of which are available on its website.

Amaroq (OTCQX:AMRQF) reported H1 2026 revenue of $56.2 million from 8,610 oz of gold sales and net income of $13.6 million, compared with a loss in 2025. Nalunaq produced 8.99 koz in H1, above the midpoint of 7–10 koz guidance.

Gold recoveries improved from 50–70% historically to about 90% in July 2026 after commissioning the flotation circuit. The company secured a new US$70 million revolving credit facility, ended June 30 with $28.5 million cash and total assets of $426.8 million, and reiterated 2026 production guidance of 25–35 koz. According to Amaroq, an updated Nalunaq resource (MRE5) shows over 500 koz at 30.35 g/t Au and Indicated resources up 10.6%. Shares migrated to the LSE Main Market on July 31, 2026, alongside several new board appointments and expanded drilling at Ilua, Minturn and Nanoq.

Amaroq (OTCQX: AMRQF) has started its 2026 resource drilling programme at the Nanoq gold project in South Greenland, using three company-owned drill rigs initially focused on the Central Zone. The work will build on 4,807m of diamond drilling completed in 2025 across 27 holes, which delivered shallow high-grade intercepts up to 187.4g/t Au over 1.5m and 19.6g/t Au over 4.9m.

The 2026 campaign is targeting a meterage broadly comparable to 2025, with flexible adjustment to field conditions, and aims, subject to results, to support evaluation of a potential maiden Mineral Resource Estimate later in 2026. Provisional metallurgical testing by SGS Lakefield is assessing whether Nanoq material can be processed using the gravity and flotation flowsheet at the Nalunaq gold mine. Amaroq will also assess potential access infrastructure, including a harbour and access road, to enable more cost-effective operations from 2027 onwards.

Amaroq (LSE/Nasdaq Iceland: AMRQ, OTCQX: AMRQF) has commenced a focussed scout diamond drilling programme at the Minturn iron-copper-gold prospect in Inglefield Land, Northwest Greenland, following 2025 surface sampling that returned iron assay grades of up to 69.5% Fe.

The drilling will provide the first test of the Minturn mineralised system at depth, targeting the continuity and geometry of high-grade magnetite-rich iron mineralisation and the depth potential of a parallel copper-gold target defined by electromagnetic and geochemical anomalies. Minturn lies on what Amaroq interprets as Greenland’s strongest regional magnetic anomaly, a coherent ~9km magnetic target within an ~80km mineralised corridor, and is held in joint venture vehicle Gardaq A/S. According to Amaroq, logistical complexity in Northwest Greenland led to deferral of planned ground geophysics so that time and resources can be prioritised on drilling, viewed as a key step in its expansion into North Greenland.

Amaroq (NASDAQ Iceland: AMRQ, OTCQX: AMRQF) will publish its Q2 results on 13 August 2026. On the same day, the company will host a remote investor and analyst presentation at 09:00am GMT, with a recording later available on its website. Registration is via an online webcast link.

Amaroq (OTCQX: AMRQF) announces that its common shares are expected to be admitted on 31 July 2026 to the equity shares (commercial companies) category of the FCA’s Official List and to trading on the London Stock Exchange Main Market, with simultaneous cancellation from AIM at 8:00am.

No new shares are being offered in connection with Admission. Following Admission, Amaroq will have 466,244,132 common shares in issue, all with voting rights and none held in treasury. The shares will continue to trade under ticker AMRQ with ISIN CA02311U1030. According to Amaroq, the Main Market move is intended to support its next phase of growth as a producing mining company focused on gold and strategic metals projects in Greenland.

Amaroq (OTCQX: AMRQF) reported its fifth Mineral Resource Estimate (MRE5) and an updated Competent Persons Report for the 100%-owned Nalunaq gold mine in South Greenland, effective 1 December 2025. Total Mineral Resources now stand at 504 koz contained gold in 516,100t at an average grade of 30.35g/t Au, comprising 174 koz Indicated and 329 koz Inferred, all attributable through Nalunaq A/S.

Indicated resources increased by 10.6% versus MRE4 to 174 koz (163.3kt at 33.20g/t Au), more than replacing mining depletion, while total contained gold rose 4.1%. MRE5 incorporates 6,467m of new drilling plus 284 underground samples, uses a 5.52g/t Au cut-off based on a US$3,000/oz gold price, and remains highly resilient to higher cut-off grades. An additional Main Vein Exploration Target of 400,000–2,200,000t at 10–30g/t Au, which is conceptual and not a Mineral Resource, has been outlined to guide further work.

Amaroq (AIM, NASDAQ Iceland: AMRQ; OTCQX: AMRQF) has published an FCA-approved prospectus for the proposed admission of its common shares to the equity shares (commercial companies) category of the FCA’s Official List and to trading on the London Stock Exchange Main Market (together, “Admission”).

According to the company, Admission and cancellation of AIM trading are both expected at 8:00 a.m. on 31 July 2026, with the last AIM trading day on 30 July 2026. No new common shares or other securities are being offered in connection with Admission. The shares will keep ISIN CA02311U1030 and ticker AMRQ. The prospectus will be available on Amaroq’s website and via the FCA’s National Storage Mechanism.