The following information is being disclosed for the purposes of Rule 26 of the AIM Rules for Companies.
This information was last updated on 24 March 2026.
Description of Business
Amaroq is an independent mine development company dedicated to unlocking the mineral potential of Greenland. The Company’s business model is built on identifying, acquiring, exploring, and developing gold and other strategic mineral assets across Greenland, by leveraging the platform it has established at its cornerstone asset, the Nalunaq Gold Mine. This asset reached a critical milestone in November 2024, with the successful pouring of first gold.
The Company’s principal revenue stream is derived from the sale of gold, with future growth expected to include other critical and strategic minerals. These include copper, nickel, and rare earth elements. Amaroq’s goal is to expand its existing gold resource at Nalunaq and establish a sustainable development pipeline of high-potential projects, at different stages of maturity across the broader West Greenland mineral hub. This development model provides optionality and long-term strategic positioning as Greenland emerges as a key jurisdiction for responsibly sourced energy transition materials.
Amaroq’s wider purpose is to create a Greenlandic legacy. The Company’s ambition is to empower Greenland to become a strategic supplier of gold and other materials needed to power a more sustainable future. Amaroq actively promotes Greenlandic values, legislation, and practices. Through its investments, it aims to deliver long-term value to Greenland by creating employment, generating tax revenues, providing training opportunities, developing infrastructure, and fostering partnerships with local communities and businesses. The Company is committed to conducting exploration and mining in an energy-efficient and environmentally responsible manner, employing advanced technologies and scientific practices, while simultaneously investing in community initiatives and renewable energy infrastructure.
Country of Incorporation and Main Country of Operation
Amaroq Ltd. (before 11 July 2022 – AEX Gold Inc.) was incorporated and registered under the Canada Business Corporations Act on February 22, 2017. On June 24, 2024, the Company announced the completion of its continuance from the Canada Business Corporations Act to the Province of Ontario under the Business Corporations Act (Ontario). The continuance was approved by shareholders at the Annual and Special Meeting on June 14, 2024.
Ontario Corporation Number: 1981734
The Company’s exploration, development and mining activities are focused in Greenland.
Constitutional documents
Details of any other Exchanges or Trading Platforms
Amaroq is listed on the following stock exchanges:
Ticker/Symbol:
AIM: AMRQ
NASDAQ Iceland Main Market: AMRQ
OTCQX: AMRQF
Number of Securities in Issue
Significant Shareholders
Details of any Restriction of the Transfer of Securities
There are no restrictions on the AIM securities.
Financial Information
Company Announcements
Admission Documents and Circulars
Corporate governance
The Names of the Directors and Biographical Details
Board Committees and Responsibilities
Rights of Shareholders
As the Company is incorporated in Canada, shareholders’ rights may be different to rights of shareholders in a UK incorporated company.
UK City Code on Takeovers and Mergers
The Company is incorporated in Canada, and, accordingly, transactions in Common Shares in the Company will not be subject to the UK Takeover Code. As a result, Shareholders will not be afforded the protections of the UK Takeover Code. However, Canadian laws applicable to the Company provide for early warning disclosure requirements in relation to potential takeover bids, further details of which are set out in Section 18 of Part 1 of the Company’s AIM Admission Document dated 27 July 2020.