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AMRQ Amaroq Minerals Ltd.

77.50
1.50 (1.97%)
25 Apr 2024 - Closed
Delayed by 15 minutes

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Posted at 01/3/2024 08:01 by dudishes
Sore head hazl?

Why pick on loganair? AMRQ, he is correct, KEFI funding perceived but not yet in place. 50% correct. Much better than your picks what?

AMRQ massive rise since 40p.

SOLG 50% loss in 6 months.

CUSN 50% loss.

QED, SOLG, CUSN all wishful thinking?

If SOLG not for this board, why finish off with a ramp of SOLG?

Dud
Posted at 29/2/2024 08:26 by metis20
TORONTO, ONTARIO - January 29, 2024 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, is pleased to announce a significant new Ni-Cu discovery at its Stendalen Project.
Posted at 28/2/2024 14:28 by philby1
I'm holding both AMRQ and KEFI too loganair. Also holding Ariane Resources (AAU)for the same reasons with gold production starting at the new Salinbas mine in Turkey later this year.
Posted at 13/2/2024 09:03 by metis20
approx £44mn raised

Eldur Olafsson, CEO of Amaroq, commented:
“I would like to thank all participating shareholders for their strong support shown in this financing. We were particularly pleased to note strong demand from the Scandinavian pension funds. The funds raised will enable us to accelerate mining at Nalunaq, whilst continuing to invest in our exploration portfolio in both gold and strategic minerals across South Greenland.
We now have great confidence in delivering on our objectives at the Nalunaq Mine and in enhancing our potential to deliver value for shareholders and local communities within Greenland, and I look forward to providing an update on specific timings for the Nalunaq project later this year.”
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”) at a price of 74 pence (C$1.25, ISK127) per new Common Share (the “Placing Price”), with the net proceeds being used to accelerate development and exploration activities.

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 29/1/2024 07:22 by metis20
Very promising channel sampling results from within the Nalunaq mine.
Includes:
"In addition, further sample results now confirm the significant extent of the newly discovered 75 Vein, now with a total extension similar to that of the Main Vein. This body is now known to extend above all mining blocks with grades of up to 256g/t Au over 0.5m above the Mountain block, 22.59g/t Au over 0.59m above the Target Block, 175g/t Au over 0.51m above the South Block and 15.5g/t Au over 1.45m above the Valley Block. These results enable us to robustly model this second vein and, following further drilling results, we hope to be in a position to define a Mineral Resource for this vein in the near future.
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 dorĂ© on site by bringing forward construction of a processing plant and associated infrastructure.̵7;

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 07/9/2023 11:45 by bobby1904
The Main Mkt listing targeted for 2wks time (3rd wk Sept)..Icelandic Pension Funds currently own less than 3% of AMRQ stock..based on their holdings of the other main mkt listed co.'s it is expected that will be lifted to at least 20% and probably higher over time, as well as inclusion in various tracking indices! All makes for large size buying pressure to come soon...Should provide a very positive catalyst for share price .
Posted at 14/4/2023 08:22 by loganair
I would like to see AMRQ putting 90% of their effort and 90% of money into getting Nalunaq into production.
Posted at 14/4/2023 06:10 by copandrobber
Hence why AMRQ us bringing Nalunaq into production!

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