Business
2022 Full Year Financial Results and Update
2022 Full Year Financial Results and Update.
About this update from Amaroq Ltd.
[{"type":"text","content":"\n \n \n \n \n \n \n \n (\"Amaroq\" or the \"Corporation\" or the \"\n \n Company\n \n \")\n \n \n \n 2022 Full Year Financial Results and Update\n \n \n \n \n \n \n \n \n TORONTO, ONTARIO - 31 March, 2023 - Amaroq Minerals Ltd.\n (AIM, TSXV,\n NASDAQ First North: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets covering an area of 7,866.85 km2 in Southern Greenland, its Q3 2022 financials and provides an update on its exploration and development activities.\n \n \n The Financial Statements and the accompanying Management Discussion and Analysis are available on the Corporation's website at \n \n \n www.amaroqminerals.com\n \n \n and will be filed under the Corporation's SEDAR profile at \n \n \n www.sedar.com\n \n \n later today. All figures are in Canadian dollars unless otherwise noted.\n \n \n A remote presentation for sell-side analysts and investors will be held remotely today, at 15:00 BST, followed by an opportunity to ask questions.\n \n \n Analysts and investors who wish to participate in the webcast are requested to register via the link here: \n \n \n https://brrmedia.news/AMRQ_FY22\n \n \n \n \n \n \n \n \n \n \n FY 2022 Highlights\n \n \n \n ·\n Rebrand from AEX Gold to Amaroq Minerals to reflect incorporation of strategic minerals portfolio and focus on Greenland.\n \n \n ·\n Completion of £30m Capital Fundraising (circa C$46.4 million) in London and Iceland to accelerate development of the Company's precious metals portfolio.\n \n \n ·\n Established joint venture with strategic investor ACAM for the exploration and development of Amaroq's strategic mineral assets and receipt of initial £18 million funding (circa C$28.5 million), expected to close in April 2023.\n \n \n ·\n Listing of Icelandic Depository Receipts on the Nasdaq First North Growth Market in Iceland.\n \n \n ·\n Updated Nalunaq Mineral Resource Estimate (MRE), prepared by SRK Consulting (UK) Limited and announced on September 6, 2022 and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Mineral Reserves (May 2014), resulting in a Inferred Mineral Resource of 355.0 Kt @ 28.0 g/t Au for 320 Koz gold , and confirming the project within the top 2% of g...