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AEX Gold ( (TSE:AMRQ) ) just unveiled an announcement.
Amaroq Minerals has entered into an agreement with JLE Group Ltd to establish a service company, Suliaq A/S, aimed at supporting the growing mining industry in Greenland by providing essential equipment, supplies, and services. JLE will initially invest £4 million for a 10% stake, with an option to increase its investment to a total of £12 million for a 30% stake. This partnership is expected to enhance Amaroq’s operational capabilities and reduce risks, benefiting stakeholders and contributing to Greenland’s infrastructure and mining sector development.
More about AEX Gold
Amaroq Minerals is focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The company owns a 100% interest in the Nalunaq Gold mine and has a portfolio of assets covering the known gold belts in the region, as well as advanced exploration projects for strategic metals such as Copper, Nickel, and Rare Earths.
See more data about AMRQ stock on TipRanks’ Stock Analysis page.