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AEX Gold, Inc. ( (TSE:AMRQ) ) just unveiled an update.
Amaroq Minerals Ltd. has successfully closed a US$35 million revolving credit facility with Landsbankinn, enhancing its debt structure and financial flexibility to support the ramp-up of its Nalunaq project in South Greenland. Despite a delay in formalizing the Impact Benefit Agreement with the Government of Greenland, the company remains committed to its strategic growth plans and anticipates maintaining its operations without disruption, ensuring long-term value for stakeholders.
More about AEX Gold, Inc.
Amaroq Minerals Ltd. is an independent mine development company focused on the identification, acquisition, exploration, and development of gold and strategic metal properties in Southern Greenland. The company’s principal asset includes a 100% interest in the Nalunaq Gold mine. Amaroq also manages a portfolio of gold and strategic metal assets in Southern Greenland, which covers known gold belts in the region and includes exploration projects in the Stendalen and Sava Copper Belt for strategic metals such as copper, nickel, and rare earths.
YTD Price Performance: 50.83%
Average Trading Volume: 37,205
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$719.8M
See more insights into AMRQ stock on TipRanks’ Stock Analysis page.
