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Director/PDMR Shareholding

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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 Ltd. (OTCQX: AMRQF) ha comunicato rilevanti acquisti di azioni da parte di dirigenti chiave. Il CEO Eldur Olafsson ha comprato 95.693 ricevute di deposito a ISK 104,5 per azione sul mercato NASDAQ Iceland, mentre il CFO Ellert Arnarson ha acquistato 45.000 azioni ordinarie a CAD 1,25 per azione sulla TSX Venture Exchange. Le operazioni sono state eseguite il 2 settembre 2025.

Questi acquisti da parte degli insider evidenziano la fiducia della direzione nelle prospettive future dell’azienda, mentre Amaroq prosegue la sua attività come società indipendente di sviluppo minerario focalizzata a valorizzare il potenziale minerario della Groenlandia.

Amaroq Ltd. (OTCQX: AMRQF) anunció compras significativas de acciones por parte de altos ejecutivos. El CEO Eldur Olafsson adquirió 95.693 recibos de depósito a ISK 104,5 por acción en la bolsa NASDAQ Iceland, mientras que el CFO Ellert Arnarson compró 45.000 acciones ordinarias a CAD 1,25 por acción en la TSX Venture Exchange. Las transacciones se realizaron el 2 de septiembre de 2025.

Estas compras internas demuestran la confianza de la dirección en las perspectivas futuras de la compañía, mientras Amaroq continúa su labor como corporación independiente de desarrollo minero centrada en aprovechar el potencial mineral de Groenlandia.

Amaroq Ltd. (OTCQX: AMRQF)는 주요 경영진의 대규모 내부자 주식 매입을 발표했습니다. CEO Eldur Olafsson는 NASDAQ 아이슬란드 거래소에서 주당 ISK 104.5에 95,693 예탁증서를 취득했으며, CFO Ellert Arnarson는 TSX 벤처 거래소에서 주당 CAD 1.25에 45,000 보통주를 매수했습니다. 해당 거래는 2025년 9월 2일에 이루어졌습니다.

이 같은 내부자 매입은 경영진이 회사의 향후 전망에 대해 갖고 있는 신뢰를 보여주며, Amaroq가 그린란드의 광물 자원을 개발하는 독립적인 광산 개발 회사로서의 임무를 계속 수행하고 있음을 시사합니다.

Amaroq Ltd. (OTCQX: AMRQF) a annoncé des achats d'initiés significatifs par des cadres clés. Le PDG Eldur Olafsson a acquis 95 693 certificats de dépôt à ISK 104,5 par action sur la bourse NASDAQ Iceland, tandis que le directeur financier Ellert Arnarson a acheté 45 000 actions ordinaires à CAD 1,25 par action sur la TSX Venture Exchange. Les opérations ont été exécutées le 2 septembre 2025.

Ces achats d'initiés témoignent de la confiance de la direction dans les perspectives futures de la société, alors qu'Amaroq poursuit sa mission en tant que société indépendante de développement minier visant à valoriser le potentiel minéral du Groenland.

Amaroq Ltd. (OTCQX: AMRQF) gab bedeutende Insider-Käufe durch wichtige Führungskräfte bekannt. Der CEO Eldur Olafsson erwarb 95.693 Hinterlegungsscheine zum Preis von ISK 104,5 pro Stück an der NASDAQ Iceland, während der CFO Ellert Arnarson 45.000 Stammaktien zum Kurs von CAD 1,25 pro Aktie an der TSX Venture Exchange kaufte. Die Transaktionen wurden am 2. September 2025 ausgeführt.

Diese Insider-Käufe unterstreichen das Vertrauen des Managements in die zukünftigen Aussichten des Unternehmens, während Amaroq seine Tätigkeit als unabhängiges Bergbauentwicklungsunternehmen fortsetzt, das darauf abzielt, das mineralische Potenzial Grönlands zu erschließen.

Positive
  • Strong insider confidence demonstrated through significant share purchases by CEO and CFO
  • Multiple exchange listings (AIM, TSX-V, NASDAQ Iceland, OTCQX) providing broad market access
Negative
  • None.

Reykjavík, Sept. 03, 2025 (GLOBE NEWSWIRE) -- (“Amaroq” or the “Company”)

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO – 3 September 2025 – 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, CEO of the Company, and Ellert Arnarson, CFO of the Company, acquired 95,693 and 45,000 common shares of no par value in the Company, respectively.

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)   Ellert Arnarson
2. Reason for the notification
a)Position/status:  1)   Chief Executive Officer
  2)   Chief Financial Officer
b)Initial notification/AmendmentInitial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAmaroq 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:
1)   Depositary receipts representing Common shares of no par value in Amaroq Ltd
2)   Common shares of no par value in Amaroq Ltd.



ISIN: 1) IS0000034569
2) CA02311U1030

b)Nature of the transaction:Purchase of depository receipts and common shares.

c)

Price(s) and volume(s):

Price(s)Volume(s)
      1)   ISK 104.5
      2)   CAD 1.25
95,693
45,000
d)Aggregated information:
  • Aggregated volume:
  • Average price:


      1)   95,693; ISK 104.5
      2)   45,000; CAD 1.25

e)Date of the transaction(s):September 02, 2025

f)Place of the transaction      1)   XICE
      2)   TSXV

Enquiries:

Amaroq Ltd.
Eldur Olafsson, Executive Director and CEO
eo@amaroqminerals.com

Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385755711
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
Tel: +44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
amaroq@camarco.co.uk

For Company updates:
Follow @Amaroq Ltd. on X (Formerly known as Twitter)
Follow Amaroq Ltd. on LinkedIn

Further Information:

About Amaroq
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other 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

How many shares did Amaroq's CEO purchase in September 2025?

Amaroq's CEO Eldur Olafsson purchased 95,693 depositary receipts at ISK 104.5 per share on September 2, 2025.

What was the value of the CFO's share purchase in Amaroq (AMRQF)?

CFO Ellert Arnarson purchased 45,000 common shares at CAD 1.25 per share, representing a total investment of CAD 56,250.

Where are Amaroq Ltd. shares traded?

Amaroq shares are traded on multiple exchanges including the AIM, TSX-V, NASDAQ Iceland (AMRQ), and OTCQX (AMRQF).

What is Amaroq's business focus?

Amaroq is an independent mine development corporation focused on unlocking Greenland's mineral potential.
Amaroq Minerals

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