Amaroq Minerals Share Discussion Threads

[cat33] 15/6/2025 15:45:59

Moving further and further aheadhttps://energy.beehiiv.com/p/jim-s-oil-mining-letter-june-15-2025Is this the one in Greenland?

[theapiarist] 13/6/2025 10:33:19

With a book value of £100,000 and losses of £2.5 million, I suspect that 80 mile may have been forced sellers.

AMRQ, being in a great bargaining position, may have got a good deal.

Added some first thing this am.

[scotty1] 13/6/2025 07:14:10

12 Jun 2025 07:00

RNS Number : 4870M
80 Mile PLC
12 June 2025



12 June 2025



Sale of Kangerluarsuk Project for up to US$2 million

80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed exploration and development Company, is pleased to announce it has entered into a definitive agreement to divest its 100% interest in the Kangerluarsuk zinc-lead-silver project in Greenland to Amaroq Minerals Ltd. ("Amaroq", AIM, TSXV, NASDAQ Iceland: AMRQ), a leading Greenland-focused mining company ("Transaction")

Under the terms of the agreement, 80 Mile will receive:

· US$500,000 in Amaroq Minerals shares upon completion, and

· US$1,500,000 in cash or shares upon the discovery of an economic deposit, as defined by a JORC or NI 43-101 compliant resource that supports development.

The total consideration represents up to US$2 million of potential value to 80 Mile shareholders.

Kangerluarsuk is a high-grade carbonate-hosted zinc-lead-silver project located on Greenland's west coast, within the historic Black Angel mining district. 80 Mile identified multiple untested geophysical anomalies on the property that are consistent with the style of mineralisation that supported historical production in the district.

Amaroq Minerals is a well-capitalised and technically proficient Greenland-focused explorer and developer, and 80 Mile is confident that their team is well-placed to unlock the value of the project through systematic exploration. Amaroq have announced this purchase and a proposed fundraising of £30.0 million in the announcement which can be found at this link:

This transaction reflects 80 Mile's ongoing strategy to monetise non-core assets and focus on its priority projects, particularly the Disko-Nuussuaq nickel-copper-cobalt project, Hydrogen Valley, and the Jameson Land Basin Project. The proceeds will be directed toward advancing these core assets and further strategic initiatives.

AIM Rule 12

The Transaction is a substantial transaction for the purposes of AIM Rule 12 and the following Schedule Four disclosures are made: the book value of Kangerluarsuk was £98,195 in the unaudited results for the six months ended 30 June 2024 and the losses attributable to Kangerlursak as per the Company's audited accounts for the year ended 31 December 2023 were £2,485,947.

The Company intends to retain the shares in Amaroq for the foreseeable future and, in the event of a sale, the proceeds will be used for working capital purposes.

[theapiarist] 12/6/2025 17:01:31

Charles Archer interview with Edward Wyvill, Head of Corporate Development:-

[plasybryn] 12/6/2025 00:42:58

Looks like a very positive step forward. Break on share price probably released now.

[darmz] 21/5/2025 07:31:58

So why did they rns that they know nothing about it or have any reason for the rise

[loganair] 20/5/2025 21:24:03

18 trades went through around the CS2.90 from 13.18 to 13.35 local time.

[loganair] 20/5/2025 21:21:32

It's all over the Canadian financial news.

[someuwin] 20/5/2025 20:46:42

Something happening. Up 108% in Canada and Trading halted?

VANCOUVER, BC, May 20, 2025 /CNW/ - The following issues have been halted by CIRO

Company: Amaroq Minerals Ltd.

TSX-Venture Symbol: AMRQ

All Issues: Yes

Reason: Pending Company Contact

[papillon] 15/5/2025 15:44:46

free stock charts from uk.advfn.com

[dudishes] 15/5/2025 14:55:22

No, just TW speculation and pie in the sky.

[plasybryn] 14/5/2025 13:13:38

Did anyone listen into the Conference call today?

[someuwin] 14/5/2025 07:18:46

$28.5m cash burn in one quarter?

Cash
End December 2024 $45.2m
End march 2025 $16.7m

[dudishes] 21/4/2025 13:14:56

G'day,

For the benefit of the doubt, I hold two long posns 90 & 75.

TW spatting with NS yesterday because NS has sold a few, called NS a "Spiv" and even

had the cheek to ask Nigel where he will reinvest the money? Methinks a split! Hopefully the Deputy will win! He strikes me as being more open and honest to boot!

There are two points; TW attitude to a seller of one of his favourite shares....

1. Spiv? Nigel was being open as usual, he sold a few, so what? Oh! A deramp.

2. You TW continue to ramp, yes ramp, suggesting that take out could happen at mega bucks in 2 to 3 years, but with yesterdays poor attempt at a further ramp, you

suggest 1 year take out! Now who exactly is the SPIV?

BTW, you clearly do not understand the Icelandic market, to what do you believe the

sp dip was about? You clearly do not know. I forget the term you have used a couple of times but beyond both me and the market vocabulary surely?

I'm sure that you would be welcome on this bb to give your take on current attitude toward sellers of one of your largest holdings.

Or are you too tied up ramping SBTX/OPTI?

Not forgetting KEFI in disguise!

cheers



Clearly, as with KEFI, the one you talk about but cannot name, both managements are

taking you for a ride (SBTX too).

Being out of the City, you are "Out like Trout"

[plasybryn] 14/4/2025 19:59:48

Https://www.youtube.com/watch?v=Q6t7S9CM4Zw

[someuwin] 09/4/2025 15:57:41

Can't buy many

[gisjob2] 09/4/2025 15:48:18

Hi all, can anyone tell me the AISC for Nalunaq? I can't find it. cheers

[philby1] 04/4/2025 14:02:15

Never thought we would see them under 80p again. Fantastic buying opportunity imo, I'll be adding in my new ISA on Monday.

[plasybryn] 30/3/2025 18:43:42

Subscription only?

[cat33] 30/3/2025 15:09:48

Good summary from Jimhttps://mining.beehiiv.com/p/jim-s-mining-letter-march-30-2025Worth reading

[arlington chetwynd talbott] 28/3/2025 14:26:10

Financials are always a reality check. The story should reassert itself soon enough.

[atlantic57] 28/3/2025 08:50:37

Excellent Corporate update but muted response .

[plasybryn] 28/3/2025 07:33:59

Nice - Based on the current estimate, the potential mine life has now extended to over 10 years, with substantial upside remaining. We remain committed to ongoing exploration and development activities aimed at further expanding the resource and increasing geological confidence with an aim to move to regular annual Mineral Resource updates, ultimately delivering long-term value to our shareholders."

[plasybryn] 28/3/2025 07:31:49

This is great news. Added significant value. This growth in Mineral Resource provides the potential to increase the estimated mine life from ~6 years to ~10 years