Panmure Liberum acted as Nominated Adviser, Joint Bookrunner and Joint Broker on Amaroq Minerals Ltd's £45.0m fundraise

The fundraise attracted demand from a broad range of institutional investors from the UK, USA and mainland Europe.The net proceeds of the fundraise will be used to support the ongoing commissioning and ramp-up to initial target throughput of 300 tonnes per day at the Company’s primary asset, the Nalunaq gold mine in Southern Greenland, together with completing technical studies in relation to expanding throughput at Nalunaq to 450 tonnes per day. In addition, following the announcement of the acquisition of certain new assets and license areas in West Greenland, the funds will be used to progress exploration drilling and subsequent technical studies at these and other projects across Amaroq’s portfolio of critical minerals projects.Admission and settlement of the new shares are expected on 30 June 2025.