Amaroq Minerals Ltd.

Reykjavík, Nov. 05, 2024 (GLOBE NEWSWIRE) issued a TR-1 standard form, which is used for notifying major holdings.

Reykjavík, Oct. 31, 2024 (GLOBE NEWSWIRE) - A notification has been issued using the TR-1 standard form regarding major holdings.

Amaroq Minerals Ltd., a mine development company with gold and strategic mineral assets in Southern Greenland, announced the appointment of Panmure Liberum Limited as its Nominated Adviser and Joint Broker, and Canaccord Genuity Limited as Joint Broker, effective immediately. The company is focused on identifying, acquiring, exploring, and developing gold and strategic metal properties in Southern Greenland, with its main asset being the Nalunaq Gold mine, which is expected to resume production by the end of 2024. Amaroq Minerals holds a portfolio of assets in the region, including advanced exploration projects for strategic metals. The company operates under the Business Corporations Act of Ontario and owns Nalunaq A/S under the Greenland Public Companies Act.

Reykjavík, October 24, 2024 (GLOBE NEWSWIRE) -- Amaroq Minerals Ltd., a mine development company with significant gold and strategic mineral assets in South Greenland, has issued a notification regarding its block admission arrangements related to the Amaroq Minerals Stock Option Plan. The company, listed on AIM, TSXV, and NASDAQ First North, focuses on acquiring and developing gold and strategic metal properties in South Greenland. Its main asset is a 100% interest in the Nalunaq Gold mine, expected to begin production by the end of 2024. Amaroq Minerals also explores other projects for strategic metals like copper, nickel, and rare earths. The company operates under the Business Corporations Act of Ontario and owns Nalunaq A/S under the Greenland Public Companies Act. The announcement does not contain inside information.

Amaroq Minerals Ltd., an independent mining corporation with assets in Southern Greenland, announced the successful completion of its 2024 exploration programs. The company completed over 8,600 meters of drilling, including its first campaigns at the high-grade Nanoq gold target and the historic Josva copper mine. Key advancements were made in both gold exploration, with significant progress at Nalunaq and Eagle’s Nest, and strategic mineral exploration, particularly at Stendalen and across the South Greenland Copper Belt. The exploration efforts were completed ahead of schedule, allowing for expanded drilling activities. The company aims to deepen its understanding of geological and mineralization systems in the region and prepare for future resource development. Amaroq Minerals is focused on identifying, acquiring, exploring, and developing gold and strategic metal properties in South Greenland.

Amaroq Minerals Ltd., an independent mine development company with a significant land package of gold and strategic mineral assets in Southern Greenland, has announced details related to Schedule 2(g) of the AIM Rules. This includes information about Warwick Peter Morley-Jepson, a non-executive director, and his relevant directorships and partnerships. Amaroq's primary business focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. Their main asset is the Nalunaq Gold mine, expected to commence production by the end of 2024. The company also has exploration projects targeting strategic metals like copper, nickel, and rare earths. Amaroq Minerals is incorporated under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S under the Greenland Public Companies Act. The announcement clarifies that it does not contain inside information.

A notification has been issued regarding major holdings in Reykjavik on October 14, 2024, as reported by Globe Newswire.

Amaroq Minerals Ltd., a mine development company focused on gold and strategic mineral assets in Southern Greenland, announced that its CEO, Eldur Olafsson, acquired 300,000 common shares, increasing his indirect total holding to 9,502,173 shares, which is 2.9% of the company's capital. Amaroq's main business is the exploration and development of gold and strategic metal properties in South Greenland, including the Nalunaq Gold mine set to resume production at the end of 2024. The company also engages in exploration projects for strategic metals like copper and nickel in the region.

Amaroq Minerals Ltd., a mine development company in Southern Greenland, has agreed with the holders of its US$22.4 million convertible notes due in 2027 to convert them into new common shares. This move aims to simplify the company's capital structure, reduce cash interest costs, and increase financial flexibility. The conversion involves issuing 33,629,068 common shares for the principal and 1,293,356 shares for the outstanding interest, with additional shares issued for a commitment fee. These transactions are subject to approval by the TSX Venture Exchange. The related party transaction requirements do not apply, as exemptions are met. Amaroq's main business is exploring and developing gold and strategic metal properties in Southern Greenland, with its principal asset being the Nalunaq Gold mine.

Amaroq Minerals Ltd., an independent mine development company with assets in Southern Greenland, has terminated its market-making agreement with Landsbankinn hf., though Landsbankinn remains its lead broker and adviser in Iceland. The market-making agreement with Fossar Investment Bank hf. for Amaroq's Icelandic depositary receipts remains effective. Additionally, Amaroq has entered into a new lease agreement with Klettar Investments ehf., a related party controlled by Non-Executive Director Sigurbjorn Thorkelsson, for office premises in Reykjavik, effective from September 1, 2024, to August 31, 2025, at a monthly rent of 850,000 ISK. The Independent Directors, advised by the Company's Nominated Adviser, consider the lease terms fair and reasonable. Amaroq's main business involves gold and strategic metal exploration in Southern Greenland, with its principal asset being the Nalunaq Gold mine.