Fundraise11 Jun 2025 19:48
Fundraise - done and dusted.
Amaroq Minerals Regulatory News. Live AMRQ RNS. Regulatory News Articles for Amaroq Minerals Ltd. Com Shs Npv (di)
‘Probably been selling stock to finance this placing!’
Cant see how you come to that conclusion.
Nevertheless, it’s at market price, same as before. 1p cheaper, is all. Good news at this stage.
Clear reasoning, growth, as described.
‘Earlier in 2025 we announced a significant 51% increase in overall contained gold at Nalunaq, following a successful drilling programme, demonstrating the deposit’s robust expansion potential. This fundraising will support the ongoing commissioning of the Nalunaq mine as we ramp up to nameplate capacity of 300 t/d processing rate by the end of 2025, and carry out further technical studies to confirm potential to expand processing capacity to 450 t/d going forward. The funds raised will also provide us with additional financial flexibility and market liquidity as we prepare for a Main Market listing in 2026.
We are also delighted to announce today two acquisitions in West Greenland – the previously operating Black Angel Mine and the nearby Kangerluarsuk licence area, which together will form our new West Greenland Hub, and we look forward to completing these acquisitions and commencing studies on the new licences. We are excited to be expanding our footprint in Greenland and further diversifying our commodity exposure, cementing Amaroq’s position as both the largest licence holder in Greenland and a natural proxy for investment in mining, energy and infrastructure in the region.’
Hopefully, that will do away with any thoughts on further dilution through any future fundraising, debt, before the company gets into commercial production, revenue, and FCF dependent on expenditure on exploration.
All looking rather good, trusting the steady CEO.