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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amaroq Minerals Ltd. | AMRQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 74.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 74.00 | 74.00 | 74.00 | 74.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 13/2/2024 07:59 by breezer_42 This does seem to fly somewhat under the radar. I imagine many potential investors are waiting for some tangible success. Gold in the ground is one thing, cash flows quite another. I’m happy to sit on my position here, rather than wait and pay a lot more in a success case! |
Posted at 12/2/2024 07:24 by metis20 £30mn placing at a premium!TORONTO, ONTARIO - 12 February 2024 - Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic energy transition mineral assets in Southern Greenland, confirms, further to its announcement on 11 February 2024, its intention to conduct a placing and subscription of new common shares (“Common Shares”) to raise gross proceeds of approximately £30.0 million (equivalent to approximately C$51.0 million or ISK5.2 billion) (the “Fundraising&r As announced on 11 February, the Company has already received indications of interest from investors in excess of £30.0 million at the Placing Price. |
Posted at 26/11/2023 19:52 by loganair Looking back over the past few months...But first, to finances. AMRQ now seems very well funded, with the gold business holding working capital of $41 million at the end of June. And it held $46.7 million at the end of March, implying a monthly cash burn of just under $2 million. In the strategic minerals business, the company has $29.3 million of liquidity, after completing the GCAM JV in April. On 1 September, AMRQ also secured the March-proposed $50.9 million senior secured debt funding package - The interest terms of the funding do not appear too onerous — with the proceeds to be ‘used to fund the transition of the Company’s Nalunaq mining licence from a bulk sample trial mining development plan to staged, full scale production of gold doré on site by bringing forward construction of a processing plant and associated infrastructure.̵ Q2 operational highlights - Importantly, the company highlighted that ‘the project is progressing on budget and to schedule. By mid 2024 expecting trail mining and processing of gold to bring in initial cash flow. Early 2025 Full mine reopening. The Bottom Line: Amaroq is funded. The company is on target to achieve first gold production at an exceptionally prospective resource next year, and even after the share price rise, the company is looking cheap. In an era of high interest rates and falling liquidity, it’s sourced favourable funding from key players — and it’s staffed by some of the best names in the industry. Like so many of the best opportunities in the gold space, the London market is seemingly asleep to the opportunity. But with the Icelandic investors now on board, Q1 2024 mining trial, masses of exploratory results to come in the near future, and first production targeted for H2 2024, this might not last long. |
Posted at 03/4/2023 11:39 by philby1 From a few days ago on Proactive Investors:Amaroq Minerals announces multimillion dollar debt financing amid potential Iceland listing |
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