Amaroq (AIM:AMRQ), the mine development company focused on Greenland's mineral resources, said GCAM LP and Amaroq have signed a subscription agreement with Gardaq A/S to fund its 2026/27 exploration programme.
The money will support Gardaq's work at the Ilua rare earth project, which is currently being drilled, and the Minturn project in northern Greenland, a prospect targeting large-scale iron ore and iron oxide copper-gold (IOCG) mineralisation.
The funding secures the near-term work programme at both sites as Gardaq advances exploration through the coming year.
