Amaroq Minerals Ltd.

Amaroq Minerals Ltd. announced the results of a sampling campaign at the Eagle’s Nest target within the Anoritooq licence area in the Nanortalik Gold Belt, Southern Greenland. The findings confirmed high-grade gold, with samples showing up to 54.5 g/t Au, and identified two distinct gold quartz veins. This aligns with Amaroq's strategy to develop satellite targets to support the Nalunaq processing facility. The exploration involved mountaineering teams conducting systematic sampling, and the results support the hypothesis of gold-bearing orogenic quartz veins. Amaroq plans to incorporate these findings into its 2025 exploration strategy, potentially using advanced methods like hyperspectral imaging. Eagle’s Nest is one of nine satellite targets near Nalunaq, and Amaroq aims to optimize resource utilization and enhance production capacity. The company focuses on gold and strategic metal properties in Southern Greenland, with a 100% interest in the Nalunaq Gold Mine and other assets in the region.

The text is a notification form for major holdings, specifically TR-1, which should be used in conjunction with the Disclosure Guidance and Transparency Rules Chapter 5 (DTR5). It outlines the necessary information for notifying major holdings, including the full name of the legal entity, the issuer's details, and the reasons for notification, such as voluntary notifications or changes in the nature of holdings. The text specifies the parties involved in transactions as per DTR5.2.1 (b) to (h) and the conditions under which voting rights are exercised. It also describes the requirements for disclosing the total number of voting rights, handling direct and indirect holdings, and the presentation of controlled undertakings. The document provides guidelines for cases where thresholds are crossed and how to report them, ensuring full transparency in market holdings.

A notification has been issued regarding major holdings, using the TR-1 standard form, as announced in Reykjavík on December 10, 2024, through Globe Newswire.

Amaroq Minerals Ltd., an independent mining company operating in Southern Greenland, has successfully completed an oversubscribed fundraising initiative, raising approximately £27.5 million through the issuance of 32,034,664 new common shares. The funds, exceeding the initial target of £20 million, will support the company's growth opportunities and enhance its working capital. The new shares represent about 8.1% of the company's enlarged share capital and will be traded on AIM, the Icelandic Exchange, and the TSX-V starting December 16, 2024. Key participants in the fundraising included Amaroq directors Eldur Olafsson, Sigurbjorn Thorkelsson, and David Neuhauser. The fundraising process involved various financial institutions, including Panmure Liberum, Canaccord Genuity, Landsbankinn, Acro, and Fossar. The announcement emphasizes that the information provided is not an offer to purchase securities and includes forward-looking statements subject to risks and uncertainties.

Amaroq Minerals Ltd., an independent mining company with assets in Southern Greenland, plans to raise approximately £20 million through a placing and subscription of new common shares. The funds will support the company's growth and strengthen its working capital as it commissions its Nalunaq gold project. The company aims to expand its resource base and optimize operations at Nalunaq, which achieved its first gold pour in November 2024. Amaroq also plans further exploration activities and investments in mining equipment and green energy production. The fundraising does not require a general meeting and is conducted under existing authorities. The company is considering a potential listing on the London Stock Exchange's Main Market. The UK Placing is managed by Panmure Liberum and Canaccord, while the Icelandic Placing involves Landsbankinn, Acro, and Fossar. The proceeds will be used for drilling, equipment investments, and strategic portfolio advancement. The announcement is not an offer to sell securities in the United States or other restricted jurisdictions.

Amaroq Minerals Ltd., a mine development company with significant gold and mineral assets in Southern Greenland, has announced the first gold pour at its Nalunaq gold mine on November 27, 2024. The CEO, Eldur Olafsson, expressed gratitude to the team for their efforts in achieving this milestone, marking the transition of Nalunaq from a cost center to a cash-generating operation. The company plans to focus on resource expansion, mine life extension, and further exploration to maximize the potential of its Greenland portfolio. Amaroq Minerals emphasizes sustainable project delivery and community collaboration. The company is listed on AIM, TSXV, and NASDAQ Iceland.

Amaroq Minerals Ltd. has announced the results of its initial drilling program at the Nanoq Project in Southern Greenland, part of the Nanortalik Gold Belt. The drilling revealed high-grade gold, with intersections reaching up to 123 g/t Au over 0.5 meters, confirming the project's significant potential. The program included two strategically placed drill holes totaling 133.1 meters, which intersected high-grade gold zones within orogenic quartz veins. The company plans to expand exploration efforts and consider future bulk sampling at Nanoq, leveraging its existing Nalunaq facility for processing. Amaroq aims to further evaluate Nanoq's potential in 2025 and is exploring the feasibility of bulk sampling and processing in 2026/27. The drilling confirmed gold mineralization in both quartz vein material and surrounding areas, with initial targets around 3 meters. The company has implemented a QA/QC program to ensure sample analysis accuracy. Amaroq Minerals focuses on exploring and developing gold and strategic metal properties in South Greenland, with a portfolio that includes the Nalunaq Gold Mine and other advanced exploration projects.

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.