Amaroq Minerals Ltd.
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Amaroq Minerals Ltd., a mine development company in Southern Greenland, has announced key agreements in preparation for gold production at its Nalunaq site, expected to begin in late 2024. The company has secured an offtake agreement with Auramet International to purchase all gold produced at Nalunaq and provide financing options to support operations. Additionally, Amaroq has partnered with Metalor Technologies to refine the doré alloy from Nalunaq. The company aims to offer local residents the opportunity to purchase gold from the mine, collaborating with a UK refinery to facilitate this. Amaroq's main focus is on exploring and developing gold and strategic metal properties in South Greenland.
Amaroq Minerals Ltd., a mine development company with operations in Southern Greenland, reported its Q3 2024 financial results. The company is nearing first gold production at its Nalunaq project, with significant progress in mine development and exploration activities. Key financial figures include a net loss of $18 million for the nine months ended September 30, 2024, compared to a net income of $13.4 million in 2023. The company's cash position stood at $25.9 million, with total assets of $199.1 million and total liabilities of $77.1 million as of September 30, 2024. Amaroq plans further exploration activities in Greenland for gold, copper, and nickel. The company is also in the process of converting its convertible notes into common shares to simplify its capital structure and reduce interest costs.
Amaroq Minerals Ltd., a mine development company with assets in Southern Greenland, will release its Q3 2024 financial results on November 14, 2024. An investor and analyst presentation will take place on November 15, 2024, at 8:30 am GMT, with a Q&A session to follow. Details for joining the presentation will be provided in the results announcement. The company focuses on exploring and developing gold and strategic metal properties, including the Nalunaq Gold mine, which is expected to resume production by the end of 2024. Amaroq Minerals is based in Ontario and owns Nalunaq A/S in Greenland. The announcement states that it does not contain inside information.
Reykjavík, Nov. 05, 2024 (GLOBE NEWSWIRE) issued a TR-1 standard form, which is used for notifying major holdings.
Reykjavík, Oct. 31, 2024 (GLOBE NEWSWIRE) - A notification has been issued using the TR-1 standard form regarding major holdings.
Amaroq Minerals Ltd., a mine development company with gold and strategic mineral assets in Southern Greenland, announced the appointment of Panmure Liberum Limited as its Nominated Adviser and Joint Broker, and Canaccord Genuity Limited as Joint Broker, effective immediately. The company is focused on identifying, acquiring, exploring, and developing gold and strategic metal properties in Southern Greenland, with its main asset being the Nalunaq Gold mine, which is expected to resume production by the end of 2024. Amaroq Minerals holds a portfolio of assets in the region, including advanced exploration projects for strategic metals. The company operates under the Business Corporations Act of Ontario and owns Nalunaq A/S under the Greenland Public Companies Act.
Reykjavík, October 24, 2024 (GLOBE NEWSWIRE) -- Amaroq Minerals Ltd., a mine development company with significant gold and strategic mineral assets in South Greenland, has issued a notification regarding its block admission arrangements related to the Amaroq Minerals Stock Option Plan. The company, listed on AIM, TSXV, and NASDAQ First North, focuses on acquiring and developing gold and strategic metal properties in South Greenland. Its main asset is a 100% interest in the Nalunaq Gold mine, expected to begin production by the end of 2024. Amaroq Minerals also explores other projects for strategic metals like copper, nickel, and rare earths. The company operates under the Business Corporations Act of Ontario and owns Nalunaq A/S under the Greenland Public Companies Act. The announcement does not contain inside information.
Amaroq Minerals Ltd., an independent mining corporation with assets in Southern Greenland, announced the successful completion of its 2024 exploration programs. The company completed over 8,600 meters of drilling, including its first campaigns at the high-grade Nanoq gold target and the historic Josva copper mine. Key advancements were made in both gold exploration, with significant progress at Nalunaq and Eagle’s Nest, and strategic mineral exploration, particularly at Stendalen and across the South Greenland Copper Belt. The exploration efforts were completed ahead of schedule, allowing for expanded drilling activities. The company aims to deepen its understanding of geological and mineralization systems in the region and prepare for future resource development. Amaroq Minerals is focused on identifying, acquiring, exploring, and developing gold and strategic metal properties in South Greenland.
Amaroq Minerals Ltd., an independent mine development company with a significant land package of gold and strategic mineral assets in Southern Greenland, has announced details related to Schedule 2(g) of the AIM Rules. This includes information about Warwick Peter Morley-Jepson, a non-executive director, and his relevant directorships and partnerships. Amaroq's primary business focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. Their main asset is the Nalunaq Gold mine, expected to commence production by the end of 2024. The company also has exploration projects targeting strategic metals like copper, nickel, and rare earths. Amaroq Minerals is incorporated under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S under the Greenland Public Companies Act. The announcement clarifies that it does not contain inside information.
A notification has been issued regarding major holdings in Reykjavik on October 14, 2024, as reported by Globe Newswire.