Amaroq Vests and Grants New RSUs as Share Capital Rises

Amaroq Ltd. ( (TSE:AMRQ) ) has provided an update.

Amaroq Ltd. has confirmed the vesting of 1,792,236 restricted share units granted in 2025 to directors and employees, increasing the shareholdings of key executives and bringing total issued share capital to 465,441,058 common shares. The newly vested RSU shares are expected to begin trading on AIM on 17 February 2026, with some recipients likely to sell part of their holdings to cover tax liabilities.

The company has also granted a new round of RSU awards dated 12 February 2026 to senior management and staff, including CEO Eldur Olafsson and CFO Ellert Arnarson, under a performance-linked structure with a 10% annual hurdle rate and full vesting after one year. An additional 69,476 RSUs were issued to other personnel, reinforcing Amaroq’s use of equity-based incentives to align leadership and employee interests with long-term shareholder value as it advances its Greenland-focused mining portfolio.

More about Amaroq Ltd.

Amaroq Ltd. is an independent mine development company focused on identifying, acquiring, exploring and developing gold and strategic metal assets in Greenland. Its flagship Nalunaq Gold Mine is in production and ramp-up, complemented by the Black Angel zinc-lead-silver project and a portfolio of copper, nickel, rare earth and other critical mineral licences across South and West Greenland.

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