Amaroq Minerals

Canaccord Genuity acts as Joint Bookrunner and Corporate Broker to Amaroq Minerals Ltd. on its £27.5 million Fundraising

Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Joint Bookrunner and Corporate Broker on a £27.5 million oversubscribed fundraising for Amaroq Minerals Ltd (“Amaroq” or the “Company”).

Amaroq’s has a first mover advantage in Greenland and is the largest mining property holder in South Greenland. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine, a high grade historic mine which is being restarted by Amaroq and poured first gold in December 2024. 

Proceeds raised from the Fundraising will be used for working capital flexibility to progress growth investment opportunities while Nalunaq goes through ramp-up; further resource drilling at Nalunaq with the intention to expand the resource and provide mining flexibility; further exploration drilling at Nanoq to define resource potential and the development opportunity; investments in mining equipment, other facilities and green energy production to further optimise operations at Nalunaq; advancing the Company’s strategic minerals business, alongside JV partners, with further targeted exploration; and additional working capital.