Unlocking value from Greenland’s mineral wealth
Amaroq Minerals was founded in 2017 and aims to sustainably supply the minerals the world needs for the energy transition. The Company focuses on exploring for gold and other strategic minerals that are so desperately needed to combat climate change. The Company‘s licence portfolio covers an area of 9,785.56km2 in South Greenland.
Greenland is a stable government operated under Danish authority. Based in a stable jurisdiction with favourable mining laws and competitive fiscal terms, Amaroq operates in line with the highest corporate standards, works closely with the local communities, and is focused on creating a Greenlandic legacy beyond its operating timeline. This long term view includes building important renewable energy and supporting infrastructure that will contribute to Greenland‘s goals of economic and energy independence.
The Company‘s asset closest to production is the past-producing Nalunaq gold mine, which Amaroq is in the process of redeveloping. The Nalunaq project is well funded for development and benefits from an extensive range of surface and underground infrastructures developed by former operators.
Redeveloping Nalunaq will enable Amaroq to allocate free cash flow generated from production into the exploration and development of strategic minerals that are so critical to Western Governments‘ plans for energy transition and supporting infrastructure. Greenland benefits from abundant hydro and wind power opportunities, and the Company is assessing how to best harness this potential to power its mining operations, whilst benefiting the wider community.
Amaroq‘s Board and Management team holds significant relevant expertise. The team is experienced in the development and operation of mines in the Arctic region and in Greenland, and in developing large infrastructure projects across the world in the mining, hydro and geothermal sectors.
