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Amaroq Minerals Completes £45 Million Fundraising to Boost Greenland Operations

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Amaroq Minerals Completes £45 Million Fundraising to Boost Greenland Operations

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AEX Gold ( (TSE:AMRQ) ) has issued an announcement.

Amaroq Minerals Ltd. has successfully closed a fundraising initiative, raising approximately £45.0 million through the placement of over 52 million shares. The proceeds will be used to expand production at Nalunaq, develop a new hub in West Greenland, and enhance exploration and technical studies, thereby strengthening the company’s operational capabilities and market position.

More about AEX Gold

Amaroq Minerals Ltd. is an independent mine development corporation focused on unlocking Greenland’s mineral potential. The company operates in the mining industry and is primarily involved in the exploration and development of mineral resources in Greenland.

For an in-depth examination of AMRQ stock, go to TipRanks’ Overview page.

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