Core Viewpoint - 80 Mile PLC has entered into a Binding Head of Terms with USFM Corporation for a US$30 million investment to acquire a 51% interest in the Disko-Nuussuaq project in Greenland, positioning the company to advance its exploration and development efforts in a region rich in critical minerals [1][2][4]. Financial Terms - The US Partner will invest US$30 million in three increments of US$10 million over three years to earn a 51% interest in the Disko project [7]. - 80 Mile will receive a management fee of 12.5% on all expenditures incurred at Disko and a cash payment of £500,000 upon signing definitive agreements [1][7]. Project Details - Disko is identified as a highly prospective area for copper, nickel, cobalt, and platinum group elements (PGE), with significant mineralization potential similar to the Norilsk-Talnakh mine in Russia [6][9]. - The project area covers 3,015 square kilometers and is located approximately 120 kilometers from Ilulissat, which has essential infrastructure to support operations [12]. Geological Significance - Seven significant Magmatic Massive Sulphide (MMS) targets have been identified, with the largest measuring 5.9 km by 1.1 km [9]. - A 28-ton boulder of pure massive sulphides has been discovered, assaying 6.9% nickel, 3.7% copper, 0.6% cobalt, and 2 grams per tonne of platinum group metals [9][10]. Strategic Importance - The partnership with USFM Corporation is seen as a major milestone for both Disko and 80 Mile, aimed at accelerating drilling and resource definition while maintaining operational leadership [5][6]. - The project is positioned within a global context of increasing demand for critical resources, particularly from the U.S. administration's interest in Greenland's minerals [4][5].

Core Viewpoint - Amaroq Minerals Ltd. is changing its name to Amaroq Ltd. following shareholder approval, with the new name effective from July 15, 2025 [2][4]. Company Name Change - The name change is set to be filed on July 14, 2025, and will be effective on July 15, 2025, pending acceptance from the TSX Venture Exchange [2]. - Trading under the new name will commence on or about July 17, 2025, across multiple exchanges including TSX Venture Exchange, AIM, NASDAQ Iceland, and OCTQX [3]. Trading Information - The company will retain the ticker symbol "AMRQ" on TSX Venture Exchange and AIM, and "AMRQF" on OTCQX [3]. - The new CUSIP number will be 02311U103 and the new ISIN for common shares will be CA02311U1030, while the ISIN for Icelandic Depositary Receipts remains IS0000034569 [3]. Shareholder Impact - There will be no consolidation of share capital, and existing shareholders are not required to change their share certificates [4]. - The name change does not affect the rights of shareholders, and no further action is required from them [4]. Company Overview - Amaroq Minerals focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland [7]. - The principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of assets in Southern Greenland covering two known gold belts and advanced exploration projects for strategic metals [7].

Core Viewpoint - Amaroq Minerals Ltd. successfully completed a significantly oversubscribed fundraising, raising approximately £45.0 million to support its operations in Greenland [5][6][11]. Fundraising Details - A total of 52,986,036 new common shares were conditionally placed at a price of 85.0 pence per share, raising gross proceeds of approximately £45.0 million (C$83.2 million, ISK 7.6 billion) [6]. - The net proceeds will be utilized for ongoing commissioning and production expansion at Nalunaq, technical studies, creating a new hub in West Greenland, and enhancing working capital flexibility [6][11]. - The Fundraising Shares will represent approximately 11.7% of the Company's enlarged share capital post-fundraising [7]. Investor Interest - Approximately 90% of the demand for the fundraising was secured from a diverse range of institutional investors from the UK, USA, and mainland Europe [8]. - The fundraising received considerable interest from a broad spectrum of investors globally, indicating strong market support for the Company's strategy [11]. Admission and Trading - Admission of the Fundraising Shares is expected to become effective on AIM, the Icelandic Exchange, and TSX-V on June 30, 2025 [7][14]. - The total issued share capital of Amaroq will consist of 454,106,653 common shares following the admission of the new shares [16].

Reykjavík, June 11, 2025 (GLOBE NEWSWIRE) -- THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICES SECTION WITHIN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, AND DOES NO ...

Core Viewpoint - Amaroq Minerals Ltd. has entered into a non-binding agreement with JLE Group Ltd to establish a joint venture named Suliaq A/S, aimed at providing essential services and supplies to Greenland's mining sector [1][4]. Investment Details - JLE will initially invest £4.0 million (approximately C$7.46 million) for a 10% equity stake in Suliaq, with Amaroq retaining 90% ownership [2]. - JLE has the option to increase its total investment to £12.0 million through additional tranches of £4.0 million, which would proportionally increase its equity stake in Suliaq [2]. Operational Focus - Suliaq will focus on mining services, maritime logistics, infrastructure, consumables, and supporting exploration activities [5]. - The initial investment will be primarily allocated for acquiring assets such as heliportable drill rigs, a helicopter, utility vehicles, an icebreaker, a barge, tugboat, and various mining and non-mining equipment [5]. Governance Structure - Suliaq will operate as a standalone commercial enterprise with its own board of directors and governance framework, ensuring transparency and independence in decision-making [5]. Strategic Importance - The joint venture is positioned to capitalize on the increasing exploration spending in Greenland's mining, energy, and infrastructure sectors, thereby creating substantial value for shareholders and the local community [4].

Reykjavík, May 20, 2025 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Company") Amaroq Files Technical Report for its Nalunaq Property TORONTO, ONTARIO – May 20, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to announce that it has filed on SEDAR+ an independent technical report in respect of its Nalunaq property. The independent technical report in respect of the Nal ...

Core Points - Amaroq Minerals Ltd. has released its Annual Report and Financial Statements for the year ended December 31, 2024, along with a Notice of Annual and Special General Meeting of Shareholders [2][3] - The upcoming Meeting is scheduled for June 13, 2025, and will be held remotely, allowing registered shareholders and proxyholders to participate and vote [4] - The Company is proposing a name change to "Amaroq Ltd." to reflect its strategic evolution from a mineral exploration company to a full-cycle mining enterprise, pending shareholder and regulatory approval [6] Company Overview - Amaroq Minerals focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in Southern Greenland, with a principal asset being a 100% interest in the Nalunaq Gold mine [8] - The Company holds a portfolio of gold and strategic metal assets covering two known gold belts in Southern Greenland, as well as advanced exploration projects at Stendalen and the Sava Copper Belt [8] - The Company is incorporated under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, which is incorporated under the Greenland Companies Act [8] Meeting Resolutions - Shareholders will vote on several resolutions, including the approval of financial statements for the year ended December 31, 2024, and the re-appointment of BDO Canada LLP as the auditor for the ensuing year [7] - The Company will also seek approval for its stock option plan and restricted share unit plan, which are "rolling" plans requiring shareholder approval at each annual meeting [7]

Core Viewpoint - Amaroq Minerals Ltd. has made significant advancements in its strategic minerals exploration in South Greenland, with promising results from various projects and the appointment of Dr. Steve Garwin as Chief Technical Advisor [1][11]. Exploration Highlights - The company successfully completed an extensive exploration program across seven licenses under the Gardaq JV, including 5,524 meters of core drilling and geological reconnaissance [6]. - New porphyry and epithermal targets have been identified, with four new targets delineated in the South Greenland Copper Belt for follow-up work in 2025 [4][23]. - At Stendalen, drilling confirmed the presence of a copper/nickel/cobalt mineralized system, with high cobalt content observed (up to ~10% Co) [6][17]. - The Ukaleq project at Johan Dahl Land showed impressive grades of up to 12.3 g/t Au and 5.1% Cu [8][23]. Future Plans - The company plans to prioritize follow-up drilling at Stendalen and Ukaleq in 2025, leveraging new drill data and geophysical insights [11][12]. - Three new license applications targeting copper, gold, and rare/critical earth elements have been submitted, indicating a strategic expansion of exploration efforts [6][24]. Technical Insights - The exploration results have provided valuable geological insights, enhancing the understanding of mineralization controls and potential targets for future drilling [11][19]. - Downhole geophysical surveys at Stendalen have highlighted exciting targets for further exploration [6][17]. Key Personnel - The appointment of Dr. Steve Garwin, a specialist in porphyry and epithermal systems, is expected to influence the company's exploration strategy positively [6][11].

Reykjavík, April 23, 2025 (GLOBE NEWSWIRE) -- (“Amaroq” or the “Company”) Block Listing Six Monthly Return and Notification of Major Holdings TORONTO, ONTARIO – 23 April 2025 – Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, today makes the following notification pursuant to Schedule Six of the AIM Rules for Companies, regarding its existing block admission arrangements in conne ...