Amaroq Minerals

Canaccord Genuity acts as Joint Bookrunner and Corporate Broker to Amaroq Minerals Ltd. on its £45 million Fundraising

Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Joint Bookrunner and Corporate Broker on a £45 million significantly oversubscribed fundraising for Amaroq Minerals Ltd (“Amaroq” or the “Company”).

Amaroq is focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. Amaroq also 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 net proceeds of the Fundraising will be used to: create a new resources hub in West Greenland and accelerate and deepen exploration drilling and the preparation of technical studies there, support the ongoing commissioning and production expansion at Nalunaq, complete technical studies in relation to production expansion at Nalunaq, and provide additional balance sheet strength and working capital flexibility to the Company.