Amaroq Minerals (#AMRQ) – completes placing for £27.5m at 86p per share
- 2024-12-04 07:48:37
UK 01:38 Thursday, 15 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Amaroq Minerals (AMRQ) has announced that it has completed its first gold pour at its cornerstone Nalunaq mine in Greenland, emphasising this “signifies a major step on our journey, triggering initial cash flow generation”. And there should now be much more to come from a current 85p share price despite this an initial just 46p offer price tip.
Amaroq Minerals (AMRQ) has announced third quarter of 2024 results and “key agreements in preparation for gold production in Nalunaq” – on which it states it has “made significant headway”. This suggests further strong upside from a 79p share price, even after an initial 73p offer price tip.
Zak Mir is his usual gormless self in this video with Eddie Wyvill of Amaroq (AMRQ) who sound like the sort of chap the Brown Envelope man got to know at Harrow. But what Wyvill says is interesting: just do the maths!
Amaroq Minerals (AMRQ) has emphasised “Successful Completion of 2024 Exploration Field Season” having completed exploration across nine licences with 8,601 metres of core drilling and noting key advancements across its gold and strategic mineral projects and these also highlighting opportunities ahead from its substantial land package across Southern Greenland. What about this from our 73p offer price tip?
Amaroq Minerals (AMRQ) has emphasised “Successful Completion of 2024 Exploration Field Season” having completed exploration across nine licences with 8,601 metres of core drilling and noting key advancements across its gold and strategic mineral projects and these also highlighting opportunities ahead from its substantial land package across Southern Greenland.
What is going to set shares in Amaroq Minerals (AMRQ) flying is news of the first gold pour at Nalunaq something I expect very soon indeed. If there was going to be slippage Amaroq would not have referenced that on its latest video just out. But it did so expect gold soon.
My second largest investment remains Amaroq Minerals (AMRQ). I am confident that the shares will more than double frim 61p. Frankly, they could treble. The short video below is just out and puts the mine at Nalunaq in an historic context but also restates clear operational targets for the coming quarter, delivery of which will trigger a big rerate for the shares. Enjoy.
Amaroq Minerals (AMRQ) has issued its second quarter of the year report including that progress at its Nalunaq gold project in Greenland “is advancing smoothly” and remains on track to achieve gold production later this year. That suggests significant upside from a current 60p share price, £196.5 million market cap.
Amaroq Minerals (AMRQ) has announced the achievement of a milestone which it has been working towards for over four years and emphasising its commitment to best practice on its “path to bringing Nalunaq into production”.
Amaroq Minerals (AMRQ) has announced more detailed project plans, including for it bringing Nalunaq back into production. With first gold pour expected this year and various other projects potential, there looks further material upside from a currently just above 70p to buy.
Amaroq Minerals (AMRQ) has issued a South Greenland copper exploration update headlined “Confirmed porphyry / intrusion related copper and molybdenum body at Target West supports mineral potential of South Greenland Copper Belt. 24 further copper targets identified ahead of 2024 field season”. This is further good news but not discounted in a 73p share price.
We previously made a more than 67.5% gain on a tip of gold and “strategic metals” in Greenland company Amaroq Minerals (AMRQ) from a 37p offer price it had fallen back to in 2022. Earlier this year the shares exceeded 80p on projects progress following also a joint listing move to the Nasdaq Iceland Main Market. The shares are though now back available at a 73p offer price and we suggest have near-term potential towards 100p including with stock overhang clearing, news flow potential and recent minerals sector bullishness further building.
Amaroq Minerals (AMRQ) has issued its quarterly results and report including emphasising on Nalunaq “highly encouraged by how operations are progressing” and that also “progress on new growth opportunities within South Greenland, including Strategic Minerals, Hydro and Servicing are progressing well and we look forward to providing an update to the market in due course, during or before the Capital Markets Day”. So that is further good news from a 69p share price.
Amaroq Minerals (AMRQ) has announced that a successful first underground mining blast at Nalunaq has been initiated, emphasising this a “key step towards full commissioning of the Nalunaq mine”. This is just the start and we believe that further operational progress will drive a re-rate as this is, at a current 76.2p share price, £249 million ($315 million) market capitalisation, a value buy.
Amaroq Minerals (AMRQ) has announced results to the end of 2023 including affirming that 2024 is a crucial year for it as it focuses on bringing the Nalunaq mine back into production and accelerating exploration activities across its wide other precious metals and also strategic metals projects in Greenland.
Amaroq Minerals (AMRQ) has announced what it describes as “a significant new Ni-Cu discovery” at the Stendalen project and also that this result of its geological hypothesis “greatly increases the potential for discovering further strategic metal deposits across other identified targets”. This sounds like further very good news and the shares are now up to above 80p.
