IN BRIEF: Amaroq Minerals announces fundraise for Nalunaq project
Amaroq Minerals Ltd - Toronto-based mining company focused on gold and energy-transition mineral assets in southern Greenland - Announces a placing and subscription offer to raise proceeds of up to GBP30.0 million. Both the placing and subscription shares will be at a price of 74 pence per new share, and Amaroq says it has already received interest from investors "in excess" of the target amount. The proceeds will go towards mining the target block of the company's flagship Nalunaq gold project in south Greenland, as well as financing exploration at the company's Vagar, Nanoq and Gardaq licences. In January, Amaroq reported grades of up to 48.3 grams of gold per tonne of ore at Nalunaq, confirming the high-grade nature of the block. Read More