AMAROQ LTD. (AMRQF)

Amaroq Ltd. is a mineral development company headquartered in Toronto with operations and assets concentrated across Greenland. The company owns and operates the Nalunaq Gold Mine, its core asset currently in production ramp-up, and maintains an expanding portfolio of exploration licences targeting gold, base metals, and strategic mineral deposits in the Arctic territory.

Nalunaq and Production Ramp

The Nalunaq Gold Mine represents Amaroq’s flagship generating asset. The company brought the mine into production and is executing a controlled ramp-up phase, with guidance for 2026 gold production in the 25,000 to 35,000 ounce range. Production growth depends on operational execution at the mine site and continued development of supporting infrastructure. An Impact Benefit Agreement with local Greenlandic stakeholders underpins the company’s operating licence and community relations.

Broader Greenland Portfolio

Beyond Nalunaq, Amaroq controls mineral exploration rights across multiple geological belts in South and West Greenland. The Sava Copper Belt, Nanortalik Gold Belt, and Gardar Province Mineral Belt form the backbone of the exploration pipeline. The company is actively evaluating projects at Stendalen (copper-nickel sulphides) and within the Sava Belt, where early-stage exploration targets copper, nickel, rare earth elements, and other materials classified as critical for industrial and technological use.

Greenland as Exploration Terrain

Greenland’s vast, sparsely populated terrain offers large claim blocks with limited development history and significant remaining discovery potential. Mineral deposits remain under-explored compared to more developed jurisdictions. However, Greenland’s extreme climate, limited infrastructure, and reliance on Arctic shipping introduce operational and logistical constraints. The company’s success hinges on discovering or developing mineral bodies large and high-grade enough to justify remote-region production economics.

Amaroq’s strategic position rests on controlling exploration exposure to an under-tested region while generating near-term cash flow from Nalunaq. The company trades on multiple exchanges: AIM in London, TSX Venture in Canada, and as AMRQF on the US OTC market.