Director/PDMR Shareholding

Rhea-AI Summary

Amaroq (OTCQX: AMRQF) notified that CEO Eldur Olafsson and Interim COO Joan Plant sold shares on February 16, 2026 to cover taxes from the earlier vesting of Restricted Share Units (RSUs).

Olafsson sold 476,442 shares and now holds 16,579,383; Plant sold 61,756 shares and now holds 489,251. Transactions occurred on AIM at 114p per share.

News Market Reaction – AMRQF

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-5.31% News Effect

On the day this news was published, AMRQF declined 5.31%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Reykjavík, Feb. 17, 2026 (GLOBE NEWSWIRE) --

(“Amaroq” or the “Company”)

Notification of Transactions of Directors/Persons
Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO – 17 February 2026 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that it was informed that Eldur Olafsson (Chief Executive Officer), and Joan Plant (Interim COO) sold 476,442 and 61,756 common shares, respectively, of no par value in the Company to cover taxes related to the earlier vesting of Restricted Share Units (the “RSUs”) announced on 13 February 2026. This brings Eldur Olafsson’s total holding to 16,579,383 shares and Joan Plant’s to 489,251 shares in the Company.

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1)  Eldur Olafsson       2)  Joan Plant
2.	Reason for the notification
a)	Position/status:	1)  Director and Chief Executive Officer       2)  Interim COO
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Amaroq Ltd.
b)	LEI:	213800Q21S5JQ6WKCE70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Common shares of no par value in Amaroq Ltd. ISIN: CA02311U1030
b)	Nature of the transaction:	Sale of common shares of no par value in Amaroq Ltd. to cover taxes in earlier vesting of RSUs
c)	Price(s) and volume(s):	Price(s)         Volume(s)       1)   114p                        476,442       2)   114p     61,756
d)	Aggregated information: Aggregated volume: Average price:	1)   476,442; 2) 61,756              114p
e)	Date of the transaction(s):	February 16, 2026
f)	Place of the transaction	AIM

Enquiries:
Amaroq Ltd. C/O        
Ed Westropp, Head of BD and Corporate Affairs                         
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development                         
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:

About Amaroq
Amaroq’s principal business objective is the identification, acquisition, exploration and development of gold and strategic metal assets in Greenland. The Company’s flagship asset is the 100%-owned Nalunaq Gold Mine, currently in production and ramp up, and supported by a growing pipeline of high-grade satellite gold targets across South and West Greenland.

Amaroq also acquired a 100% interest in the Black Angel zinc-lead-silver project in West Greenland, historically one of Greenland’s highest-grade base metal operations, where the Company is advancing studies to evaluate the potential for future redevelopment as part of its emerging West Greenland Hub strategy.

Beyond gold and base metals, Amaroq controls a broad portfolio of strategic metal licences across South Greenland, including advanced exploration projects at Stendalen (copper-nickel sulphides) and within the Sava Belt, where the Company is exploring for copper, nickel, rare earth elements and other critical minerals.

Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information
This announcement does not contain inside information.

FAQ

Why did Amaroq insiders sell shares on February 16, 2026 (AMRQF)?

They sold shares to cover taxes arising from RSU vesting on February 16, 2026. According to Amaroq, the sales were executed as tax-withholding disposals after the RSUs vested and were not described as additional market exits by the insiders.

How many Amaroq (AMRQF) shares did CEO Eldur Olafsson sell and retain?

Eldur Olafsson sold 476,442 shares and retained 16,579,383 shares. According to Amaroq, the sale at 114p per share on February 16, 2026 covered tax obligations from vested RSUs.

What volume and price were Amaroq (AMRQF) insider trades executed at on AIM?

Insider trades were executed on AIM at 114p per share for the reported volumes. According to Amaroq, the transactions on February 16, 2026 were 476,442 shares (Olafsson) and 61,756 shares (Plant).

Does the Amaroq (AMRQF) disclosure indicate ongoing insider selling?

The disclosure shows one-off tax-covering sales related to RSU vesting rather than an open-ended selling plan. According to Amaroq, these transactions were specifically to satisfy tax liabilities from the February 13, 2026 RSU vesting.

How can investors verify the Amaroq (AMRQF) director dealing notification?

Investors can check regulatory filings and AIM disclosure records for the February 16, 2026 notification. According to Amaroq, the company supplied a dealing notification form detailing names, volumes, price (114p), and the AIM transaction venue.