Minerals Exploration and Development

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Nova Minerals Secures Land Use for Antimony Refinery at Port MacKenzie as it Targets the Production of Military-Spec Antimony in 2026/27
Globenewswire· 2025-10-10 10:30
Core Viewpoint - Nova Minerals Limited has secured a land use permit for 42.81 acres near Port MacKenzie for a proposed antimony refinery, positioning itself as a key supplier to the U.S. military and consumer markets [1][7]. Group 1: Project Development - The company has received US$43.4 million from the U.S. Department of War to initiate onshore antimony production in Alaska, with first output targeted within 24 months [2]. - Plans for a downstream refinery at Port MacKenzie are underway, with active negotiations for additional federal funding [2][6]. - The refinery site is strategically located near critical infrastructure and is aligned with ongoing regional development projects [2][12]. Group 2: Market Position and Strategy - Nova holds a first-mover advantage as the sole emerging antimony producer in the U.S., with strong government support and secured land for processing operations [2][6]. - The company is working on off-take agreements with partners in the U.S. and Australia to secure additional antimony supply [2]. - The planned refinery will produce a full range of antimony products, including Antimony Trisulfide, Antimony Trioxide, and Antimony Metal, targeting both military and industrial applications [8]. Group 3: Community and Economic Impact - Local officials express strong support for the project, highlighting its potential for economic growth, job creation, and enhancement of regional supply chains [4][5]. - The project is expected to contribute significantly to national security by establishing a domestic supply chain for critical minerals [5][6].
Company name change to Amaroq Ltd.
Globenewswire· 2025-07-08 06:00
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].