18th Feb 2026 11:09
(Alliance News) - Amaroq Ltd on Wednesday said it has applied to delist from the Toronto Stock Exchange next month and upgrade its UK listing to the London Main Market within a year, as the company looks to tap more institutional fund to support its expansion.
The Toronto-based, Greenland-focused gold and copper mine developer will stop trading on TSX at the market close on March 19, while its common stocks will keep trading as depositary interests on AIM in London, Nasdaq Iceland, and the OTCQX exchange in the US.
"Since Amaroq obtained its secondary listings on AIM and Nasdaq Iceland, daily trading activity...in Canada has represented a comparatively low level of the aggregate trading volume across all trading platforms, and as a result...the financial costs and administrative requirements associated with maintaining its TSXV listing are no longer justified," the company explained.
Amaroq also said it plans to switch to the London Main Market from AIM within the year and has appointed Citigroup Global Markets as its sponsor and financial adviser for the process.
The company said it had been considering upgrading its listing. "As the size and scale of the business have grown, it has become apparent that, to access the next tier of institutional support and index funds, the LSE Main Market is the most appropriate market...alongside Nasdaq Iceland," it said.
Amaroq shares were up 1.8% to 113.54 pence each in London on Wednesday morning.
By Martin Miraglia, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Amaroq Minerals