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].

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]