Amaroq Minerals Ltd - gold and strategic mineral mine developer in southern Greenland - Signs offtake agreement with Auramet International Inc, under which Auramet will buy all of the gold produced from Amaroq’s Nalunaq gold mine in Greenland. Further, Amaroq signs a deal with Metalor Technologies SA, which specialises in the evaluation and refining of precious metals at its refinery in Switzerland. Metalor will process all the dore alloy obtained from Nalunaq.
Amaroq Chief Financial Officer Ellert Arnarson says: ‘We are pleased to have signed these important agreements with established partners in the industry, providing us with the necessary support and expertise to ensure the successful delivery and sale of gold produced from Nalunaq at competitive industry terms. Importantly, we are also committed to offering local people the opportunity to buy gold sourced from Nalunaq, and will be partnering with a UK refinery to enable us to do so. We look forward to a productive collaboration as we approach first gold and beyond.’
Current stock price: 78.98 pence per share, up 1.3% on Friday morning in London
12-month change: up 34%
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