Industria
Q3 2025 Financial Results
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– Amaroq Ltd (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce its Q3 2025 Financial Results. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
A remote presentation for analysts and investors will be held later today at 09:00am GMT, details of which can be found further down in this announcement.
The Company further announces that on 14 November 2025, it has entered into a new lease agreement with Klettar Investments ehf. (“Klettar”) for the rental of its office premises at Fríkirkjuvegur 3, 101 Reykjavík (the “Agreement”).
The Agreement is a continuation of the rental relationship previously established between the parties. The premises accommodate Amaroq’s expanding Icelandic team and support the Company’s continued growth in operational, administrative, and corporate functions.
Klettar is a related party of Amaroq as it is a company controlled by Sigurbjorn Thorkelsson, Non-Executive Director. The Agreement is for an indefinite period effective from 1 September 2025. The Company will pay a monthly rent of 2,000,000 ISK, to be adjusted in accordance with changes in the consumer price index as published monthly by Statistics Iceland (Hagstofa Íslands).
The Agreement constitutes a related party transaction for the purposes of the AIM Rules for Companies. The Independent Directors, being the Amaroq Directors other than Sigurbjorn Thorkelsson, having consulted with the Company’s Nominated Adviser, consider the terms of the Agreement to be fair and reasonable insofar as the Company's shareholders are concerned.
A conference call for analysts and investors will be held this morning at 09:00am GMT, including a management presentation and Q&A session.
To register via the webcast link, please use the following link: https://edge.media-server.com/mmc/p/ke4j7cd9
To register via the conference call, please use the following link: https://register-conf.media-server.com/register/BI3fa04dcd1a854a66ac37890d9a0545c6
Instructions for conference call registration:
Amaroq Ltd. C/O
+44 (0)7385 755711
ewe@amaroqminerals.com
+44 (0)7713 126727
ew@amaroqminerals.com
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company 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. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq Minerals and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.
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