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AEX Gold ( (TSE:AMRQ) ) has shared an update.
Amaroq Ltd. has announced updated terms on its loan agreement with Landsbankinn, extending the loan term by 14 months and securing more favorable financing conditions. The changes, including a potential interest rate reduction, aim to enhance the company’s financial flexibility and efficiency. The ongoing production and revenue generation at the Nalunaq site are expected to further activate lower interest rates and reduce operational costs, supporting Amaroq’s growth and financial strategy.
More about AEX Gold
Amaroq Ltd. is focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The company’s principal asset is a 100% interest in the Nalunaq Gold mine, and it holds a portfolio of gold and strategic metal assets in Southern Greenland, including exploration projects for strategic metals such as copper, nickel, and rare earths.
For detailed information about AMRQ stock, go to TipRanks’ Stock Analysis page.